Udayshivakumar Infra Limited
Issue Open
Price Band
Issue Size
Issue Close
Bid Lot
Listing Exchange
Issue Type
Minimum Order Quantity
Face Value
Listing At
· IPO Details: Global Surfaces Limited
Issue Open Date | 20th March, 2023 |
Issue Close Date | 23th March, 2023 |
Price Band (Rs.) | 33–35 |
Lot Size | 428 Shares and in multiples thereof |
Issue Size (Rs.) | 66 crores |
l Object of the Issue:
The company proposes to utilize the Net Proceeds from the Issue for funding incremental working capital requirements and general corporate purposes.
l Business Overview:
The company is 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. The company also bids for Roads, Bridges, Irrigation & Canals Industrial Area construction in the State of Karnataka including Government Departments
l Key Strengths:
Focused on Roads, Flyovers and Bridge construction: Since Fiscal 2015, the Company has completed 30 projects having an aggregate contract value of ?684.68 crores, which includes sixteen roads, five bridges, six irrigation and three civil construction works. Most of the projects of the company have been executed in the State of Karnataka.
Strong Order Book of roads, bridges, flyovers and irrigation projects from Karnataka state government: As on December 31, 2022, the Company is executing thirty ongoing projects which include ten roads, seven smart roads, one bridge, eight irrigation projects, three civil construction works and one toll plaza with an aggregate order book value of ? 853.87 crores. Further, as on December 31, 2022, the company also has new work orders allotted (but work not yet started) comprising of fourteen roads, one toll plaza and one irrigation work with an aggregate order book value of ? 436.51 crores.
· Financial Snapshot –
Particulars | FY20 | FY21 | FY22 | Six-month period as on 30.09.2022 |
Revenue from Operations (Rs. in crore) | 193.61 | 210.40 | 185.63 | 106.61 |
EBITDA (Rs. in crore) | 25.07 | 23.63 | 24.89 | 17.31 |
EBITDA Margin (%) | 12.95% | 11.23% | 13.41% | 16.24% |
Profit (Rs. in crore) | 10.49 | 9.32 | 12.15 | 10.02 |
Profit Margin (%) | 5.42% | 4.43% | 6.54% | 9.40% |
ROCE (%) | 23.91% | 21.74% | 20.71% | 12.62% |
ROE (%) | 22.38% | 16.59% | 17.78% | 12.79% |
Net Debt/ EBITDA | 1.34 | 1.07 | 0.45 | 1.20 |
· IPO Review: Not Rated
Easy & quick