Udayshivakumar Infra Limited plans to raise Rs 66 crore through initial public offering (IPO). The IPO subscription opens on March 20 and closes on March 23, 2023. The price band is fixed at Rs 33 – 35 apiece.
The IPO comprises of only fresh issue of shares worth Rs 66 crore and a single lot size consists of 428 shares. The face value is Rs 10 per equity share.
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.
- Focused approach over the years on construction of roads, bridges, irrigation projects.
- Robust technical expertise in high-risk construction activity.
- Well established in-house design and engineering team.
- Strong order book of roads, flyovers and bridge construction projects from various government agencies, local bodies and private developers.
- Strong execution capabilities with industry experience.
- Experienced management team along with well qualified employees.
Total Assets (Rs in crore)
Total Revenue (Rs in crore)
EBITDA (Rs in crore)
Profit After Tax (Rs in crore)
Net Debt / EBITDA ratio
Basic EPS ratio
Purpose of the IPO
The company plans to utilize the net proceeds from the fresh ssue of shares towards funding working capital requirements of the company aggregating to Rs 66 crore and general corporate purposes.
Udayshivakumar is the promoter of the company.
IPO Opening Date
March 20, 2023
IPO Closing Date
March 23, 2023
Rs 10 per share
Rs 33 – 35 per share
Rs 66 crore
Rs 66 crore
Book Built Issue IPO
IPO Lot Size
Small HNI (Minimum)
Large HNI (Minimum)