What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Updater Services Limited IPO allotment date?

The basis of allotment for Updater Services Limited IPO is scheduled to be finalized on 30 Sep 2023.

Where can I check Updater Services Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Link Intime India Private Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 1 Oct 2023.

Updater Services Limited

ListedMainboard

Professional Services · NSE / BSE

Incorporated in 1990, Updater Services Limited is a B2B services company offering facility management and business support services across India. Its business is divided into two segments: (1) IFM & Other Services – which includes production support, soft services, engineering services, washroom hygiene, warehouse management, general staffing, etc., and (2) BSS – where, through subsidiaries, it provides audit & assurance, employee background verification, airport ground handling, sales enablement and other business services. As of June 30, 2023, UDS served 2,797 customers including major brands like P&G, ABFRL, Microsoft, Hyundai and Saint-Gobain. The company has a wide pan-India presence with 129 points of presence, 116 offices in India and 13 offices overseas.

Price Band

₹280 – ₹300

Issue Size

₹640 Cr

Lot Size

50 shares

GMP

—

Est. Listing

₹300

at current GMP

Subscribed

2.90x

overall

Open

25 Sep 2023

27 Sep 2023

Allotment

30 Sep 2023

Refund

1 Oct 2023

Demat Credit

2 Oct 2023

Listing

4 Oct 2023

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Updater Services Limited Allotment Status

Designated Registrar: Link Intime India Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

30 Sep 2023

Basis finalization

Refunds Initiate

1 Oct 2023

Mandate release

Demat Credit

2 Oct 2023

Shares in demat

Listing Debut

4 Oct 2023

Trading begins

How to Check Updater Services Limited IPO Allotment Status

Click the Check on Registrar button above to visit Link Intime India Private Limited's allotment portal.
Select Updater Services Limited from the dropdown company list.
Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
Enter your details accurately and solve the Captcha code.
Click Submit / Search to view the number of shares applied and allotted to you.

About Updater Services Limited Public Issue & Market Profile

Updater Services Limited is bringing an initial public offering (IPO) in the Professional Services sector with an aggregate issue size of ₹640 Crores. The shares are offered at a price band of ₹280 to ₹300 per equity share on NSE and BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

Public Issue & Allotment Procedure:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Official Allotment Timelines & Registrar Guidance:

Following the close of bidding on 2023-09-27, the basis of allotment is scheduled to be finalized on 2023-09-30. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.