Updater Services Ltd Back Registered Office: #2/302-A UDS Salai Off Old,Mahabalipuram Rd Thoraipakkam , Chennai - 600097 , Tamil Nadu , India. Phone : +91 44 24963234/0333   Fax: Email :  compliance.office@uds.in   Website :  www.uds.in Initial public offering of 21,333,333^ equity shares of face value of Rs10 each ("Equity Shares") of Updater Services Limited ("The Company" or the "Issuer") for cash at a price of Rs300 per equity share (including a share premium of Rs290 per equity share) ("Offer Price") aggregating Rs640.00^ crores (the "Offer"). The offer comprises of a fresh issue of 13,333,333^ equity shares aggregating Rs400.00^ crores ("Fresh Issue") and an offer for sale of 8,000,000^ equity shares ("Offered Shares") aggregating Rs240.00^ crores ("Offer for Sale"), comprising 4,000,000^ equity shares aggregating Rs120.00^ crores by Tangi Facility Solutions Private Limited (the "Promoter Selling Shareholder"), 800,000^ equity shares aggregating Rs24.00^ crores by India Business Excellence Fund - ii and 3,200,000^ equity shares aggregating Rs96.00^ crores by India Business Excellence Fund - iia (together, the "Investor Selling Shareholders", and along with the promoter selling shareholder, the "Selling Shareholders"). The offer will constitute 31.98% of the post-offer paid-up equity share capital. The face value of the equity share is Rs10 each and the offer price is 30 times the face value of the equity shares. ^Subject to finalisation of basis of allotment. Issue Money Payable On Opens On Closes On Application Allotment 25-Sep-23 27-Sep-23 Rs300.00-0.00 Rs0.00-0.00 Minimum Application for shares in Nos :50  Further Multiples of :50   Rs Cr Lead Managers to the Issue Project Cost 377.87 IIFL Securities Ltd Project Financed through Current Offer 640.00   Post Issue Equity Share Capital 66.70   Issue Price Rs300.00

Projects

Repayment and/or prepayment of certain borrowings availed by the company	Pursuing inorganic initiatives
Funding the company working capital requirements	General corporate purposes

Promoted By Raghunandana Tangirala Shanthi Tangirala Tangi Facility Solutions Pvt L

Listing At BSE  NSE

Registrar to the Issue MUFG Intime India Pvt Ltd