Infrastructure / Roads & Bridges - Listed on 03 April 2023
Udayshivakumar Infra (Infrastructure / Roads & Bridges) closed its IPO window in 2023 and listed on NSE and BSE on 03 April 2023 at an upper band issue price of Rs 35, opening at Rs 30 for a listing gain of -14.3% and closing day one at Rs 31.5 (-10.0% on closing basis). The IPO was subscribed 30.63x overall - QIB 40.47x, HNI/NII 60.42x, Retail 14.10x. The total issue size was Rs 66 Cr (Fresh Issue Rs 66 Cr, OFS Rs 0 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Infrastructure / Roads & Bridges
Udayshivakumar Infra operates in the Infrastructure / Roads & Bridges space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The Udayshivakumar Infra issue was offered at an upper price of Rs 35 and raised approximately Rs 66 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 10 | +28.57% |
| Day 2 | Rs 10 | +28.57% |
| Day 3 | Rs 10 | +28.57% |
| Day 4 | Rs 15 | +42.86% |
| Day 5 | Rs 10 | +28.57% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
How the broader market moved around the Udayshivakumar Infra IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Udayshivakumar Infra IPO listed at -14.3% versus the upper issue price of Rs 35 on 03 April 2023.
Udayshivakumar Infra IPO was subscribed 30.63x overall. QIB portion was subscribed 40.47x, HNI / NII 60.42x and Retail 14.10x.
IPO GMP started at Rs 10 on Day 1 and moved to Rs 10 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.