Udayshivakumar Infra IPO: Infra sector company’s coming IPO, chance to bet from March 20

New Delhi. Investors are going to get another opportunity to earn in the stock market. Actually, the initial public offering (IPO) of the construction firm Udayashivkumar Infra Ltd. is about to be launched. This IPO will open on March 20 and the last day to bet on it is March 23.

The company has fixed the price band of IPO from Rs 33 to Rs 35 per share. The company will raise Rs 66 crore through IPO. There is a possibility of listing in the stock market on 3 April 2023. According to market experts, the company’s shares are available at a premium of Rs 10 in the gray market today.

read this also- Whether there is a rise or fall in the stock market, always follow these 4 mantras of success, investors will be successful

Allotment of shares likely to take place on March 28, 2023
The bidder will be able to apply in lots and one lot of the IPO consists of 428 shares of the company. The allotment of shares of the company is likely to take place on March 28, 2023. MAS Services Limited has been appointed as the official registrar to the issue.

Where will the fund be used?
The proceeds from the IPO will be used for working capital requirements and for general corporate purposes.

read this also- Nova Agritech IPO: Investors will get a chance to make money! Agri company will bring IPO, submitted documents with SEBI

what does the company do
The proceeds from the IPO will be used for working capital requirements and for general corporate purposes. Udayashivkumar is associated with the work of infra road construction. The company bids for roads, bridges, canals and industrial area construction projects in Karnataka, including government departments.

First read breaking news in Hindi News18 Hindi| Read today’s latest news, live news updates, most reliable Hindi news website News18 Hindi.

Tags: business news, business news in hindi, IPO, share market