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Updater Services IPO Day 2: GMP, review, other key details. Should you subscribe?
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₹280 to ₹300 per equity share of face value of ₹10. Updater Services IPO lot size is 50 equity shares and in multiples of 50 equity shares thereafter.
Updater IPO has reserved not less than 75% of the shares in the public issue for Qualified Institutional Buyers (QIB), not more than 15% for Non Institutional Investors (NII), and not more than 10% of the offer is reserved for Retail Investors. Ahead of the IPO opening, Updater Services raised ₹288 crore through an anchor book process on Friday, September 22.
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