Investing in Udayshivakumar Infra Limited IPO! Learn all Insights before investing

Udayshivakumar Infra IPO, Udayshivakumar Infra IPO Details, Udayshivakumar Infra IPO Review, Udayshivakumar Infra IPO Date, Udayshivakumar Infra IPO Insights
Udayshivakumar Infra IPO Review

Udayshivakumar Infra IPO subscription is opening up in March 2023. According to the DRHP Filed, the IPO consists of a fresh issue of  INR 60 Cr. There is no offer for sales in the IPO issue. The Equity Shares have a face value of Rs 10 each. The company started operation in the year 2002, in Belgaum, Karnataka.

Udayshivakumar Infra IPO The Company Business Description

Udayshivakumar Infra is engaged in the business of construction of all types of roads that include 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.

The company also engaged in the construction of bridges across rivers, projects like irrigation canals, and Industrial Areas, based in the State of Karnataka. Udayshivakumar Infra has an integrated business model that reduces dependency on third-party suppliers for key raw materials such as Metal Jelly, Ready Mix Concrete, construction equipment, and other products.

As of August 2022, Udayshivakumar infra has completed 30 projects having an aggregate contract value of ₹68,468 lakhs. The company also has an aggregate order book value of ₹ 72,030.00 lakhs from major construction works and ₹ 47,659.00 lakhs from roads and irrigation projects as on August 31, 2022.

Udayshivakumar Infra IPO, Udayshivakumar Infra IPO Details, Udayshivakumar Infra IPO Review, Udayshivakumar Infra IPO Date, Udayshivakumar Infra IPO Insights
Udayshivakumar Infra IPO Insights

Udayshivakumar Infra Limited Founders and Leadership team

Udayshivakumar Infra Limited is a partnership company between Udayshivakumar and Kotarki. Udayshivakumar has a 75% share in the partnership and the balance 25% is held by Kotarki Constructions Pvt. Ltd.

Udayshivakumar is the Promoter, Chairman and Managing Director of the Company.

Udayshivakumar Infra Limited Revenue and Profit

Udayshivakumar Infra (India) has recorded total revenues ₹ 18,638.81 lakhs, ₹ 21,110.82 lakhs, and ₹ 19,440.50 lakhs in Fiscals 2022, 2021 & 2020 respectively. The profit after tax was ₹ 1,214.81 lakhs, ₹ 931.92 lakhs, and ₹ 1,048.72 lakhs in Fiscal 2022, 2021 & 2020 respectively. The profit grew at a CAGR of 7.63%, between the financial years ended 2019-20 to 2021-22.

Udayshivakumar Infra IPO Review : Financial Snapshot

All amounts in INR Lakhs
(Year ended March 31)
FY 2020FY 2021FY 2022
Revenue Operation19,360.7821,039.6718,562.92
Total Income19,440.5021,110.8218,638.81
Profit for the year1,048.72931.921,214.81
Earnings Per equity Share-Diluted2.872.553.33
Net Cash from Operating Activities2,141.631,720.473,198.64
Adjusted net debt to adjusted equity ratio0.690.450.16
Net Worth4,686.515,618.046,832.14
Return on Net worth22.38%16.59%17.78%

Objective Behind the Udayshivakumar Infra IPO

  • Out of the net proceeds of this IPO, the company is planning to spend INR 45 Crores to meet the incremental working capital requirements of the company.
  • The rest of the net proceeds will be utilized to meet the General Corporate Purpose.

Udayshivakumar Infra IPO: Do you invest?

  • Udayshivakumar Infra (India) Limited total revenue is flat over the three years mentioned from FY2020 to FY2022.
  • Though the PAT has grown at a CAGR of 7.63%, between the financial years ended 2019-20 to 2021-22, the growth was stagnant over the period from FY 2020 to FY2022.
  • The good point is the net cash flow from operating activities has been increasing over the period.
  • The debt-to-equity ratio of the company is low over the period from FY2020 to FY2022.
  • However, other parameters such as ROCE, and ROI are not very impressive.
  • The company is confined to one state only with limited opportunities. It does not have any plans to expand into other states. IPO proceeds are used to meet the capital requirement only.
  • Many small construction companies are bidding for the same projects. Hence, competition level is very high and there is a limitation in improving profitability.   
  • Looking at the financials and factors mentioned above, I would prefer to avoid this IPO at the moment.

Udayshivakumar Infra IPO Details

Udayshivakumar Infra IPO DetailsUdayshivakumar Infra IPO Date,
Price and other details
Udayshivakumar Infra IPO DateMar 20, 2023 to Mar 23, 2023
IPO Price ₹33 to ₹35 per share
IPO Allotment dateMar 28, 2023
Refunds Initiation dateMar 29, 2023
Credit of Shares to Demat AccountMar 31, 2023
IPO Listing DateApr 03, 2023
Offer for SaleNil
IPO Issue Size
(Fresh Issue)
₹66.00 Cr
Minimum bid (lot size)    
For retail investor                                                 
1 lot 428 equity shares
Total Investment of ₹14,980
Maximum bid (lot size)    
For retail investor 
13 lot 5564 equity shares
Total Investment of ₹194,740
Retail Shares OfferedNot less than 60% of the Issue
S-HNI (Min)14 lots 5,992 equity shares
Total Investment of ₹209,720
S-HNI (Max)66 lots 28,248 equity shares
Total Investment of ₹988,680
B-HNI (Min)67 lots 28,676 equity shares
Total Investment of ₹1,003,660
NII (HNI) Shares OfferedNot less than 30% of the Issue
Face ValueINR 10 per share
Listing on BSE and NSE
PromotersMr. Udayshivakumar is the Promoter

Udayshivakumar Infra IPO: Lead Managers and Contact

Contact DetailsUdayshivakumar Infra IPO
Lead Managers
Udayshivakumar Infra Limited
1924A/196, Banashankari Badavane,
Near NH-4 Bypass,
Davangere – 577 005
Phone: +91 819 229 7009
605, Sixth Floor, Centre Point, J.B. Nagar,
Andheri (East), Mumbai – 400 059, India

Udayshivakumar Infra IPO Allotment Status

Udayshivakumar Infra IPO Allotment status will be available on MAS Services Limited. To know your allotment status, get ready with your PAN number and click on this link. You may also reach out to Phone: +91 112 638 7281/83, 4132 0335, Email:

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