Udayshivakumar Infra Limited IPO

Udayshivakumar Infra Limited

Issue Open

Mar 20, 2023

Price Band

33-35

Issue Size

66 Cr

Credit of Shares to Demat

-

Issue Close

Mar 23, 2023

Bid Lot

13

Listing Exchange

BSE, NSE

Cut off time for UPI Mandate Confirmation

-

Issue Type

Book Built Issue IPO

Minimum Order Quantity

428

Allotment Details

-

Face Value

10 per share

Listing On

Apr 03, 2023

Refunds

-

About the company:

· IPO Details: Udayshivakumar Infra Limited IPO

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

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