Udayshivakumar Infra IPO to open on 20th March

March 16, 2023

Road construction company Udayshivakumar Infra plans to float its maiden public issue on March 20 in a price band of Rs 33- 35 per share. The company aims to mop up Rs 66 crore from the public offer that would comprise only fresh allocation and no offer- for- trade portion. The offer will close on March 23. The main intention of fund raising through the IPO is to give backing for incremental working capital conditions, besides general commercial purposes. Investors can bid for a minimum of 428 shares and in multiples of 428 shares later.

The company has reserved 60 percent of its offer size for retail investors, who can make a minimal investment of Rs14,980 per lot and the maximum investment of Rs1,94,740 for 13 lots. farther 30 percent of the offer is reserved for high networth individualities and the rest 10 percent for good institutional buyers. Incorporated in 2019, the Karnataka- grounded Road inventor will finalise its IPO share allotment to investors by March 28. The plutocrat will be reimbursed to unprofitable investors by the end of March 29 and the shares will be credited to demat accounts by March 31.

Udayshivakumar Infra, which will debut on the BSE and NSE on April 3, recorded a 30.3 percent growth in profit at Rs12.15 crore for the fiscal time ended March 2022, compared to the former time, driven by a healthy operating periphery. profit from operations during FY22 fell 11.77 percent to Rs185.6 crore over FY21 numbers. On the operating front, the company’s EBITDA (earnings before interest, duty, depreciation and amortisation) increased 5.3 percent to Rs24.13 crore with periphery expansion of 210 bps to 12.99 percent during the same period. For the six months ended September FY23, profit came in at Rs10.01 crore on profit of Rs106.6 crore.

Since FY15, the company, along with the quondam cooperation establishment, Udayshivakumar, have completed 30 systems with a contract value of Rs684.68 crore, including 16 roads, five islands, and six irrigation systems. As on December 2022, it’s executing 30 projects, including roads, irrigation systems and civil construction works with an aggregate order book value of Rs853.87 crore. Further, it also has new work orders worth Rs436.5 crore distributed but work has not yet started.


Udayshivakumar Infra is 100 percent possessed by the protagonist. Chairman and Managing Director Udayshivakumar owns 98.97 percent stake in the company and 1 percent stake is with his woman Amrutha. Saffron Capital Advisors is the trafficker banker to the offer, while MAS Services is acting as a register to the issue.

About Udayshivakumar Infra Private Limited

Udayshivakumar Infra Private Limited is a 2 times 9 months old Private Company incorporated on 23 Dec 2019. Its listed office is in Davangere, Karnataka, india.

The Company’s status is Active, and it has filed its Periodic Returns and fiscal Statements up to 31 Mar 2021 (FY 2020- 2021). It’s a company limited by shares having a sanctioned capital of Rs36.50 cr and a paid- up capital of Rs36.50 cr as per MCA.

2 Directors and 1 Signatories are associated with the association. The Key Managerial Personnel (KMP) at Udayshivakumar Infra Private Limited India are Bharti Ramchandani as Company Secretary. Amrutha and Udayshivakumar are presently associated as directors.