Updater Services IPO: Updater Services opens for public subscription today and will close on Wednesday, September 27, 2023. The bidding for anchor investors concluded on Friday, wherein the company collected Rs 288 crore. The price band for its public issue at Rs 280-300 per equity share of face value Rs 10 each. At the upper end of the price band, the company’s promoters and shareholders seek to raise Rs 640 crore from the IPO. 

The IPO comprises a fresh issue of 13,333,333 shares aggregating up to Rs 400 crore and an offer-for-sale (OFS), with promoters offloading 8,000,000 shares of Rs 10 aggregating up to Rs 240 crore. The lot size of the Updater Services IPO is 50 shares.

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