Udayshivakumar Infra Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹35
Per ShareLot Size
428 Shares
Minimum Investment
₹14,980
Issue Size
₹66 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
60%
QIB Quota
10%
NII Quota
30%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Udayshivakumar Infra Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
98.97%
Issue Type
Book Building
ISIN
INE0N0Y01013
About the Company
Udayshivakumar Infra Limited is in the business of construction of roads including National Highways, State Highways, District Roads, Smart Roads under PM's Smart City Mission projects, Smart Roads under Municipal Corporations, Bruhat Bengaluru Mahanagara Palike (BBMP) and Local Area Roads in various Taluka Places etc., in the State of Karnataka, Constructions of Bridges across Major and Minor Rivers, Railway Over Bridges (ROB), construction of Major and Minor Irrigation and canal projects, Industrial Areas, based in the State of Karnataka. The Company bids for Roads, Bridges, Irrigation & Canals Industrial Area construction in the State of Karnataka including Government Departments.
Industry Overview
Developing and modernising the infrastructure sector has been a priority area for the Government of India and has witnessed increasing public investments and budgetary support. Further, the government has also undertaken several reforms and initiatives in the infrastructure sector which has resulted in robust secular growth in most of the segments within the sector. Within infra segments, roads continue to have the highest share. Within the infrastructure space, road projects will be a critical investment driver from fiscals 2023-27. CRISIL Research also expects metro rail, water supply and sanitation, and railway projects to garner larger shares.
Company History
Udayshivakumar Infra Limited (the "Issuer" or "Company") was originally formed as a sole proprietorship under the name of `M /s Udayshivakumar' at Davangere, Karnataka on August 22, 2002 and was converted into a partnership firm under the name of `M/s. Udayshivakumar' pursuant to a deed of partnership dated March 31, 2014. The partnership firm was registered under the Indian Partnership Act, 1932 with the Registrar of Firms, Belgaum, Karnataka on April 4, 2014. Further, pursuant to the deed of partnership dated March 8, 2019, the deed of partnership dated March 31, 2014 was reconstituted by amending the existing clauses and inserting new clauses in the deed of partnership. Consequent to the aforesaid amendments a memorandum acknowledging receipt of documents for change in constitution of partnership was issued by Registrar of Firms, Belgaum, Karnataka on April 3, 2019. Further, pursuant to a resolution dated September 23, 2019 passed at the meeting of partners of M/s Udayshivakumar, the partnership firm was converted into a private limited company under the Companies Act, 2013 with the name `Udayshivakumar Infra Private Limited' and a certificate of incorporation dated December 23, 2019 was issued by the Central Registration Centre, Registrar of Companies. Subsequently, pursuant to resolutions passed by its Board of Directors in their meeting held on August 27, 2022 and by our Shareholders in the extra-ordinary general meeting held on August 30, 2022, the Company was converted into a public limited company, consequent to which its name was changed to §dayshivakumar Infra Limited', and a fresh certificate of incorporation dated September 16, 2022 consequent to such conversion was issued by the RoC.
Products & Services
- The Company is in the business of construction of roads.
Growth Strategy
- Maintain focus on Roads, Bridge and Irrigation projects construction.
- Expansion of its geographical footprint.
- The Company intends to enter into joint venture arrangements with other infrastructure companies to bid and execute large value projects.
- Leverage core competencies with enhanced in-house integration.
- Diversification of business activities
Customer Base
Central & State Government related construction projects
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering of 1,88,57,142^ equity shares of face value of Rs. 10/- each ("Equity Shares") of the company for cash at a price of Rs. 35/- per equity share (including a share premium of Rs. 25/- per equity share) ("Issue Price") aggregating to Rs. 66.00 crores ("Issue"). The issue shall constitute 34.06% of the post-issue paid-up equity share capital of the company. ^Subject to finalisation of basis of allotment The face value of equity shares is Rs. 10 each. The issue price is 3.5 times the face value of the equity shares.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Focused on Roads, Flyovers and Bridge construction
- Strong Order Book of Roads, Flyovers and Bridge construction projects from various government agencies, local bodies and private developers.
- Strong execution capabilities with industry experience
- Experienced management team
- The company derive majority of its revenue from civil construction and the company financial condition would be materially and adversely affected if the company fail to obtain new contracts or its current contracts are terminated.
- Infrastructure projects are typically awarded to its on satisfaction of prescribed pre- qualification criteria and following a competitive bidding process. Its business and the company financial condition may be adversely affected if new infrastructure projects are not awarded to it or if contracts awarded to the company are prematurely terminated.
- The company Order Book may not be representative of its future results and the company actual income may be significantly less than the estimates reflected in its Order Book, which could adversely affect its business, financial condition, results of operations and prospects.
- Its business currently is primarily dependent on projects in India undertaken or awarded by governmental authorities and other entities funded by the GoI or state governments and the company derive majority of its revenues from contracts with a limited number of government entities. Any adverse changes in the central or state government policies may lead to its contracts being foreclosed, terminated, restructured or renegotiated, which may have a material effect on its business and results of operations.
- The company projects are exposed to various implementation and other risks, including risks of time and cost overruns, and uncertainties, which may adversely affect its business, financial condition, results of operations, and prospects.