Originally formed as a sole proprietorship in August 2002 Udayshivakumar Infra Limited became a company in 2019. It engages in the business of the construction of roads, primarily in Karnataka.

They construct roads including state highways, district roads, smart roads, national highways, Bruhat Bengaluru Mahanagara Palike (BBMP), and local area roads in various Talukas, etc. As of August 31, 2022, it had executed over 30 projects in and around Karnataka and is working on 25 ongoing projects.

It has also set up Ready Mix Concrete (RMC) plants at different locations. After captive consumption, the RMC is also sold to other small contractors, commercial and residential builders.

Objects of the issue:

1. Funding incremental working capital requirements;
2. General corporate purposes.

Financial Snapshot (₹ Crores)

Period Ended	Total revenue	Total borrowing	PAT	Total Assets	Net Worth
September 30, 2022	107.14	39.46	10.02	178.90	78.34
March 31, 2022	186.39	26.48	12.15	162.61	68.32
March 31, 2021	211.11	30.60	9.32	146.82	56.18
March 31, 2020	194.41	33.95	10.49	158.26	46.87

IPO Schedule

Issue Period	20th March to 23rd March 2023
Finalization of Allotment	28th March 2023
Initiation of Refunds	29th March 2023
Credit of Shares	31st March 2023
Date of Listing	3rd April 2023
Mandate end date	8th April 2023
Anchor Investors Lock-In End Date	23rd April 2023

How do I apply to the Udayshivakumar Infra Limited IPO?

You can apply for the Global Surfaces Limited IPO using any supported UPI app by following two steps:

• Enter your bid on Kite
• Accept the UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

Where do I check the allotment status for Udayshivakumar Infra Limited IPO?

You can check the allotment status for the Global Surfaces Limited IPO on the website of the Registrar and Transfer agent. Alternatively, you can also check the allotment status on the NSE website.