Udayshivakumar Infra IPO
Udayshivakumar Infra Limited (USK) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 03 April 2023.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +19.7% (likely range +14% to +62%), day's high +26.9%, chance of a gain 97%. Actual: -14.3% at the open, -10.0% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 20,00,000 | 8,09,43,788 | 40.5x | |
| NII (HNI) total | 60,00,000 | 36,24,91,604 | 60.4x | |
| Big NII (above ₹10 lakh) | 40,00,000 | 23,96,50,040 | 59.9x | |
| Small NII (₹2-10 lakh) | 20,00,000 | 12,28,41,564 | 61.4x | |
| Retail | 1,20,00,000 | 16,91,67,428 | 14.1x | |
| Total | 2,00,00,000 | 61,26,02,820 | 30.6x |
Bids on NSE and BSE together, as published by NSE, as of 23 Mar 2023, 07:00 PM. Shares offered exclude the anchor portion. 23% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Udayshivakumar Infra's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Dharmaj Crop GuardNov 2022 | 48.2x | 52.3x | 21.5x | 35.5x | ₹270 Cr | +12.3% | +17.7% |
| Neogen ChemicalsApr 2019 | 30.5x | 114x | 16.1x | 41.2x | ₹133 Cr | +16.7% | +22.6% |
| Shankara Building ProductsMar 2017 | 51.6x | 90.7x | 15.3x | 41.9x | ₹349 Cr | +20.7% | +38.3% |
| India PesticidesJun 2021 | 42.9x | 51.9x | 11.3x | 29.0x | ₹817 Cr | +18.2% | +24.3% |
| Dodla DairyJun 2021 | 84.9x | 73.3x | 11.3x | 45.6x | ₹520 Cr | +28.5% | +52.3% |
| RailTel Corporation of IndiaFeb 2021 | 65.1x | 73.3x | 16.8x | 42.4x | ₹820 Cr | +16.0% | +36.0% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Saffron Capital Advisors | 4 | -3.9% | 25% |
Offer documents (NSE)
Frequently asked
What is the Udayshivakumar Infra IPO price band and lot size? ₹33.0–35.0 per share, with a lot of 428 shares, so the smallest retail bid is ₹14,980.
How many times has it been subscribed? 30.6x overall: QIB 40.5x, NII 60.4x, retail 14.1x.
How did it list? It opened at ₹30.0, -14.3% against the issue price of ₹35.0, and closed its first day -10.0%.
