Updater Services (UDS) IPO
Facility Management / IFM Services - Listed on 04 October 2023
Updater Services (UDS) IPO listing summary
Updater Services (UDS) (Facility Management / IFM Services) closed its IPO window in 2023 and listed on NSE and BSE on 04 October 2023 at an upper band issue price of Rs 300, opening at Rs 285 for a listing gain of -5.0% and closing day one at Rs 283.9 (-5.4% on closing basis). The IPO was subscribed 2.89x overall - QIB 4.48x, HNI/NII 0.85x, Retail 1.38x. The total issue size was Rs 640 Cr (Fresh Issue Rs 400 Cr, OFS Rs 240 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Updater Services (UDS) IPO GMP history
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 15 | +5.00% |
| Day 2 | Rs 15 | +5.00% |
| Day 3 | Rs 15 | +5.00% |
| Day 4 | Rs 15 | +5.00% |
| Day 5 | Rs 5 | +1.67% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the Updater Services (UDS) IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Updater Services (UDS) IPO - FAQs
What was the listing gain of Updater Services (UDS) IPO?
Updater Services (UDS) IPO listed at -5.0% versus the upper issue price of Rs 300 on 04 October 2023.
How many times was Updater Services (UDS) IPO subscribed?
Updater Services (UDS) IPO was subscribed 2.89x overall. QIB portion was subscribed 4.48x, HNI / NII 0.85x and Retail 1.38x.
What was the IPO GMP for Updater Services (UDS)?
IPO GMP started at Rs 15 on Day 1 and moved to Rs 5 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.