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Chennai-based Updater Services IPO opens on September 25, price band awaited

Chennai-based Updater Services IPO opens on September 25, with a price band yet to be announced. The IPO includes a fresh issue of shares worth up to ₹400 crore and an offer for sale by the promoter and private equity funds.

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Updater Services IPO to kick off on Sep 25

Updater Services IPO to kick off on Sep 25
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Updater Services issue to open for public subscription on September 25

Updater Services issue to open for public subscription on September 25
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Updater Services gets Sebi nod to float IPO

Updater Services Ltd, which filed its draft papers with the markets regulator in March, obtained its observations letter on September 4, an update with the Securities and Exchange Board of India (Sebi) showed on Tuesday.

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IPO Update: Updater Services Files Papers With Sebi; Plans To Raise Rs 400 Cr Through Fresh Issue of Shares

Proceeds will be used for payment of debt, funding working capital requirements, pursuing inorganic initiatives and general corporate purposes.

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