Udayshivakumar Infra Limited

How to check the Udayshivakumar Infra Limited IPO allotment status?

When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes. 

Here’s a step-by-step guide on how to check the Udayshivakumar Infra Ltd IPO allotment status:

1. Login to your Upstox account, using your six-digit PIN
2. After logging in, click on ‘Discover’
3. On the ‘Discover’ page, you will find the ‘Invest in IPO’ section
4. Under the Invest in IPO section, you will find the ‘View all’ option
5. Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
6. In the ‘IPO’ tab, click on ‘My applications’ 
7. In ‘My applications’, under the History section, your Udayshivakumar Infra IPO allotment status will be mentioned

About Udayshivakumar Infra IPO

Incorporated in 2002, Udayshivakumar Infra is engaged in the construction of roads and bridges. Over the years, the company has successfully executed multiple projects, including the construction of national and state highways, district roads, and irrigation and canal projects in Karnataka. 

Since FY15, the company has completed 30 projects with an aggregate contract value of ₹684 crore. As of 31st December 2022, the company has 46 new projects in its order book worth ₹1290 crore. 

Besides independent projects, the company works with different entities as joint venture (JV) partners to develop projects. In April 2022, Udayshivakumar Infra and  its JV partner were awarded a ₹171 crore highway contract. Such partnerships enable the company to achieve pre-qualification for large-value projects and successfully bid and execute them.

Udayshivakumar Infra IPO will be a fresh issue. The net proceeds raised through this IPO will be used to fund the company’s working capital requirements and for general corporate purposes.

Here are key details about the Udayshivakumar Infra IPO: 

 Financial snapshot

Here’s a quick look at Udayshivakumar Infra IPO’s strengths, weakness, opportunities and risks (SWOT analysis)

Strengths and opportunities

1. The company was able  to successfully bid and win multiple projects mainly due to its quality and timely delivery of projects, financial strength and price competitiveness.
2. As on 31st December 2022, the company has 46 work orders worth ₹1290 crore, including contracts to build roads, bridges and irrigation projects.
3. Beyond civil construction, the company is actively diversifying its business. In FY22, it received a letter of intent to conduct mining activities involving iron ore extraction.
4. Further, the company has signed a pact with NHAI to run a toll collection business on national highway 63 in Karnataka. 
5. The Company intends to work with multiple joint venture partners, enabling it to bid and execute large value projects.

Risks and threats

1. The company’s business is concentrated in Karnataka. Therefore, any economic, political or demographic changes in the state could adversely affect the business. 
2. As it operates in a capital-intensive industry, a significant amount of working capital is required. If the business is unable to generate sufficient cash flow, operations may get impacted.   

Udayshivakumar Infra IPO details

| Udayshivakumar Infra IPO date 

The offer document filed by the company with the SEBI mentions that the Udayshivakumar Infra IPO’s opening date – in other words, the Udayshivakumar Infra IPO launch date – will be March 20, 2023. The Udayshivakumar Infra IPO closing date is 23rd March, 2023. After this, investors will be updated about the allotment status on 28th March 2023.

Investors who have been allotted shares can expect them to be credited to their demat account on March 31, 2023. The Udayshivakumar Infra IPO listing date is April 03, 2023. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE. 

| Udayshivakumar Infra Limited IPO Price Band

The entire IPO is a book-built issue. The Udayshivakumar Infra IPO price band has been set between ₹33 and ₹35 per share. Interested investors can choose a price within this band to apply for the IPO. 

The Udayshivakumar Infra IPO listing price will be determined on April 3, 2023. The listing price is the price at which a company’s shares debut on the stock exchanges.

| Udayshivakumar Infra Limited IPO Lot size

The Udayshivakumar Infra IPO details have been declared. The lot size for the IPO  has been set at 428 shares and investors can apply for a minimum of 1 lot.  The issue size for the Udayshivakumar Infra IPO is approx ₹66 crore. 

How to pre-apply for the Udayshivakumar Infra IPO?

You can pre-apply for the Udayshivakumar Infra IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription. 

Follow these steps to pre-apply for the IPO: 

1. Login to your Upstox account, using your six-digit PIN
2. After successfully logging in, click on ‘Discover’
3. On the Discover tab, you will find the ‘Invest in IPO’ section
4. Under the Invest in IPO section, look for the ‘Udayshivakumar Infra IPO’ tab and click on it
5. Now fill in all the required information, like ‘bid price’ and ‘lot size’
6. Confirm and click on ‘Pre-Apply’
7. Accept the mandate on your UPI app

How to apply for the Udayshivakumar Infra Limited IPO?

If you are interested in this investment opportunity but unsure how to apply for the Udayshivakumar Infra IPO, here are the steps that you need to follow.

When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Udayshivakumar Infra Ltd IPO on Upstox: 

1. Log in to your Upstox account, using your six-digit PIN
2. After logging in, click on ‘Discover’
3. On the ‘Discover’ tab, you will find the ‘Invest in IPO’ section
4. Under the Invest in IPO section, look for the ‘Udayshivakumar Infra IPO’ tab and click on it
5. Now fill in all the required information, like ‘bid price’ and ‘lot size’
6. Confirm and click on ‘Apply’
7. Accept the mandate on your UPI app

Open a demat account with Upstox to apply for the Udayshivakumar Infra Limited IPO

To apply for the Udayshivakumar Infra Ltd IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.

Here is a step-by-step guide on how to open a demat account with Upstox:

1. Click here to visit the demat account opening page on the Upstox website. 
2. Enter your phone number and other essential details 
3. Upload the scanned copies of your PAN, Aadhaar card, a cancelled cheque and your bank statement as needed
4. Complete the e-verification using the OTP sent to your registered mobile number

This is all it takes to open a demat account with Upstox. Easy and quick, right?  

Upstox – trading app to apply for the Udayshivakumar Infra IPO

Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India.  

You can apply for the Udayshivakumar Infra IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero. 

In fact, due to its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.