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Udayshivakumar Infra IPO

Udayshivakumar Infra IPO

  • Status: Closed
  • RHP:
  • ₹ 14,124 / 428 shares

    Minimum Investment

IPO Details

  • Open Date

    20 Mar 2023

  • Close Date

    23 Mar 2023

  • IPO Price Range

    ₹ 33 to ₹ 35

  • IPO Size

    ₹ 66.00 Cr

  • Listing Exchange

    BSE, NSE

  • Listing Date

    03 Apr 2023

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Udayshivakumar Infra IPO Subscription Status

Last Updated: 06 April 2023 12:57 PM by 5Paisa

Road construction company Udayshivakumar Infra IPO opens on 20th March and closes on 23rd March. The issue entails a fresh issue of ___ equity shares which aggregates the issue size to Rs. 66cr. The company has fixed the lot size to 428 shares and a price band is set at Rs. 33 – 35 per share. The issue will list on BSE and NSE on 3rd April and shares will be allotted on 28th March. Saffron Capital Advisors Pvt. Ltd. will be the lead manager to the issue. 

Objective of the Udayshivakumar Infra IPO:

The net proceeds from the issue will be used for:

•    Funding incremental working capital requirements of our Company
•    General corporate purposes
 

Udayshivakumar Infra IPO Video

Udayshivakumar Infra is primarily engaged in the business of construction of roads including National Highways, State Highways, District Roads, Smart Roads under PM’s Smart City Mission projects, Smart Roads under Municipal Corporations, Bruhat Bengaluru Mahanagara Palike (BBMP) and Local Area Roads in various Taluka Places etc., in the State of Karnataka, Constructions of Bridges across Major and Minor Rivers, Railway Over Bridges (ROB), construction of Major and Minor Irrigation and canal projects, Industrial Areas, based in the State of Karnataka.

They bid for Roads, Bridges, Irrigation & Canals Industrial Area construction in Karnataka, this includes National Highways (MORTH)

•    State Highway Development Corporations Ltd., (SHDP), 
•    Government Departments such as Karnataka Public Works Ports & Inland Water Transport Department (KPWP & IWTD), 
•    Davanagere Harihara Urban Development Authority (DHUDA), 
•    Others

It has completed 30 projects having an aggregate contract value of ₹68,468 lakhs, which includes sixteen roads, five bridges, six irrigation and three civil construction works. As on December 31, 2022, our Company is executing 30 ongoing projects which include 10 roads, 7 smart roads, 1 bridge, 8 irrigation projects, 3 civil construction works and 1 toll plaza.

It has new new work orders allotted (but work not yet started) comprising of fourteen 14 roads, one 1 toll plaza and 1 irrigation works.

The company requires ready mix concrete, jelly, M-sand, etc., for executing the civil work awarded thus to execute the work on time and to reduce the cost of procurement for the items required for completion of a civil projects, the company has set-up RMC plants at different locations as backward integration and also stock other construction materials like M-sand, jelly, iron and steel, cement, etc., required in construction of project.

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Check out Udayshivakumar Infra IPO GMP 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY22 FY21 FY20
Revenue 185.6 210.4 193.6
EBITDA 24.9 23.6 25.1
PAT 12.1 9.3 10.5
Particulars (in Rs. Crores) FY22 FY21 FY20
Total Assets 162.6 146.8 158.3
Share Capital 36.5 36.5 36.5
Total Borrowings 26.5 30.6 34.0
Particulars (in Rs. Crores) FY22 FY21 FY20
Net cash generated from / (used in) operating activities 32.0 17.2 21.4
Net cash from / (used in) investing activities -16.7 1.5 -6.8
Net cash flow from / (used in) financing activities -5.3 -13.7 -14.9
Net increase (decrease) in cash and cash equivalents 10.0 5.0 -0.3

Peer Comparison

Name of the Company

Revenue from operations

(in Rs. crores)

Basic EPS PAT Margin NAV ROCE (%)
Udayshivakumar Infra Limited 185.63 3.33 6.54% 18.72 20.71%
KNR Constructions Limited 3,605.82 13.58 10.16% 91.00 19.37%
PNC Infratech Limited 7,208.04 22.63 8.05% 141.42 16.42%
HG Infra Engineering Limited 3,751.43 58.31 10.13% 220.34 26.26%
IRB Infrastructure Developers Limited 5,803.70 8.69 6.23% 208.07 88.00%

Strengths

•    Focused on Roads, Flyovers and Bridge construction
•    Strong Order Book of roads, bridges, flyovers and irrigation projects from Karnataka state government
•    Strong execution capabilities with industry experience
 

Risks

•    Primarily dependent on the projects undertaken or awarded in the state of Karnataka, by the Karnataka State Government
•    Company has been subjected to search and seizure in the past by the Income Tax authorities
•    Loss of significant customers as it derives significant portion of revenue from them
 

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FAQs

The price for the Udayshivakumar Infra IPO is set at Rs. 33 - 35 per share.

The Udayshivakumar Infra IPO opens on 20th March and closes on 23rd March.

The IPO comprises of fresh issue of ______ equity shares and an offer for sale of ___ equity shares which aggregates the issue size to Rs. 66 cr.

The allotment date  of Udayshivakumar Infra IPO is set for 28th March.

The Udayshivakumar Infra IPO will be listed on 3rd April.

The Udayshivakumar Infra IPO lot size is 428 shares. A retail-individual investor can apply for up to 13 lots (5564 shares or ₹194,740)

. The net proceeds from the issue will be used for: 

•    Funding incremental working capital requirements of our Company
•    General corporate purposes
 

•    Login to your 5paisa account and select the issue in the current IPO section
•    Enter the number of lots and price at which you wish to apply for
•    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
•    You will receive a mandate notification to block funds in your UPI app
 

Udayshivakumar Infra IPO is promoted by Mr. Udayshivakumar.

Saffron Capital Private Limited is the book running lead managers to the issue.