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.

What is the current subscription status of Updater Services Limited IPO?

Updater Services Limited IPO has received a total subscription of 2.90 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

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 Subscription Status Allotment Status Filing Documents

Overall Subscription

2.90x

Total Demand

QIB Multiplier

4.48x

Institutions & Funds

NII / HNI

0.85x

High Net-Worth

Retail (RII)

1.38x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 2.90x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	6,428,571	28,814,400	4.48x
NIB	3,342,857	2,840,800	0.85x
HNIs(10L +)	2,228,571	2,276,500	1.02x
HNIs (2-10L)	1,114,286	564,300	0.51x
RETAIL	2,228,571	3,086,250	1.38x
Total	15,342,856	37,582,250	2.90x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 1.36x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	149,333	206,080	1.38x
HNIs (10L +)	955	812	0.85x
HNIs (2-10L)	4,571	3,885	0.85x
Total Applications	154,859	210,777	1.36x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

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.

Bidding & Quota Instructions:

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.

Allotment Reconciliation Schedule:

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 is Updater Services Limited IPO GMP today?

Currently, Updater Services Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹280 to ₹300 per equity share.

What is the expected profit per lot for Updater Services Limited IPO?

The retail lot size is 50 shares requiring a minimum application amount of ₹15,000. Expected listing price is ₹300 per equity share.

What is the issue size and price band for Updater Services Limited IPO?

The Updater Services Limited IPO aggregate issue size is ₹640 Crores with an equity price band set at ₹280 to ₹300 per equity share. The retail lot size is 50 shares requiring a minimum capital outlay of approx. ₹15,000.

How can I check Updater Services Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 2.90x (Retail: 1.38x, QIB: 4.48x, NII: 0.85x). You can track live multiples directly on our dedicated subscription page.

Where and when will Updater Services Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2023-09-30. Investors can verify status using PAN card or application number.

When is the listing date for Updater Services Limited IPO?

Updater Services Limited shares are scheduled to list on NSE and BSE on 2023-10-04.