Udayshivakumar Infra Limited IPO

Udayshivakumar Infra Limited is an infrastructure company involved in the business of construction of roads, bridges, canals, etc. The company has primarily taken up projects in Karnataka. They have construct roads including State Highways, District Roads, Smart Roads under Municipal Corporations, Smart Roads under PM’s Smart City Mission projects, National Highways, Bruhat Bengaluru Mahanagara Palike (BBMP), and Local Area Roads in various Taluka Places, etc.

Since fiscal 2015, the company have completed 30 projects having an aggregate contract value of Rs 68,468 lakh, which includes 16 roads, 5 bridges, 6 irrigation and 3 civil construction works. As on December 31, 2022, the 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 with an aggregate order book value of Rs 85,387.75 lakh.

In addition to independently undertaking projects, the company plans to enter into joint ventures with other infrastructure companies in the industry to jointly bid and execute larger projects.

The company has acquired a fleet of modern construction machinery and equipment to support the construction of projects. As on December 31, 2022, their equipment base comprises of 111 construction equipment, 46 dumpers, 51 other construction vehicles, 7 ready mix-concrete (RMC) plants.

In addition, they have one stone quarry owned by M/s. Udayshivakumar Stone Crusher. The company’s in-house integrated model reduces dependence on third party suppliers for key raw materials such as metal, jelly, ready-mix concrete, construction equipment, etc. for completion of projects within scheduled timelines. Udayshivakumar Infra have also set up a central procurement team that procures major materials and engineering items required for the construction projects.