According to Ventura Securities, the company has a substantial workforce deployed at various locations, including customer premises, which makes it a key risk
Updater Services IPO | The public issue of the facility management services provider comprises a fresh issuance of shares worth Rs 400 crore, and an offer-for-sale of shares worth Rs 240 crore
The company offers integrated facilities management (IFM) services and business support services to its customers, with a pan-India presence. Its portfolio of services evolved over the years to cater to diverse customer segments across sectors including FMCG, manufacturing and engineering, BFSI, healthcare, IT / IteS, automobiles, logistics and warehousing, airports, ports, infrastructure, and retail, among others.