Updater Services Limited IPO Review, Date, Price, GMP

Updater Services Limited Incorporated in 1990 is a prominent and fully integrated business services platform operating in India, specializing in providing integrated facilities management (IFM) services and business support services (BSS) to its clients. The company has a notable presence in the whole nation and has established itself as a major player in the Indian market.

Updater Services Limited is managed by a highly skilled and experienced management team with substantial knowledge in their operating sectors. They have proven themself with a good track record of managing and increasing operations throughout the different segments in which they operate.

Operating in the Business-to-Business (B2B) services sector, Updater Services Limited offers a wide range of business services categorized into two primary segments:

IFM & Other Services Segment:

1. Soft Services: Offering housekeeping, cleaning, sanitizing, and pest control. With a 4.2% market share, they are India’s second largest player.
2. Production Support Services (PSS): Solutions for manufacturing facilities, including material handling and inventory management. Leading with a 1.8% market share.
3. Engineering Services: Under this segment, they do Maintenance of HVAC systems, power equipment, and more. They are Among India’s top five players.
4. Washroom and Feminine Hygiene Care Solutions: Providing hygiene products and services. The second-largest player with a 20.0% market share.
5. Other services: Including warehouse management, general staffing, institutional catering, technology, and procurement services.

BSS Segment:

1. Sales Enablement Services: Dominant player through subsidiaries Denave and Athena, serving global customers in various industries.
2. Employee Background Verification Check Services: Offered through Matrix, the third-largest company in India with a 5.7% market share.
3. Audit and Assurance Services: Provided by Matrix, a leading player with a 16.2% market share, ensuring integrity in distribution and retail.
4. Airport Ground Handling Services: Includes baggage handling and passenger services.
5. Mailroom Management and Niche Logistics Solutions: Market leader through Avon with a 15.5% share, offering personalized logistics solutions.

In summary, Updater Services Limited is a prominent business services platform in India with a wide range of services, a strong market presence, and a commitment to serving clients across diverse industries. Their leadership, extensive experience, and strategic subsidiaries position them as a prominent player in the Indian business services landscape.

Updater Services Limited IPO Complete Details:

Updater Services Limited IPO Timetable:

Company Financial Details:

AS OF NOW, the GMP OF Updater Services Limited is Around 00 Rs.

Objects Of Issue:

1. Settling or making early payments on specific loans taken by our company.
2. Supporting our day-to-day operational financial needs.
3. Exploring growth opportunities through inorganic initiatives.
4. Covering general corporate expenditures.

Promoters:

Raghunandana Tangirala:

• Age:62
• Position: Promoter, Chairman of the Board, and Managing Director on the Board of the Company
• Education: Holds a bachelor’s degree in commerce from the Faculty of Commerce, University of Madras.
• Experience: Brings approximately 30 years of experience in the service sector as an entrepreneur.

Shanthi Tangirala:

• Age: 56 years
• Position: Promoter
• Education: Passed the pre-degree certificate examination from the University of Calicut.
• Previous Role: Previously worked with the Company as a director.

FAQs:

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