Mindspright Legal acts on Udtechs ₹144.47 crore IPO

Udtechs (Unified Data-Tech Solutions Limited) has made an Initial Public Offering of 52,92,000 equity shares of the face value of ₹10 aggregating up to ₹144.47 crore.

Mindspright Legal advised Udtechs on this IPO.

The transaction team consisted of Richa Bhansali (Partner), Mayuri Thakkar (Principal Associate), Naman Seth (Associate) and Priyanka Chuttani (Associate).

Priced at ₹273 per share through a 100% Offer for Sale by promoter Hiren Mehta, the ₹144.47 crore issue was subscribed 91.12 times overall, with strong demand from NIIs (212.43x), QIBs (83.22x), and retail investors (43.62x). The stock debuted on May 29 at ₹285, reflecting a modest 4.4% premium.

Udtechs is a technology solutions provider focused on empowering businesses through innovative and scalable IT infrastructure. They offer a comprehensive suite of services, including system integration, cloud services, and cybersecurity solutions, all tailored to meet the specific needs of their clients and drive digital transformation. Udtechs works with organizations of all sizes, developing long-term technology strategies to ensure sustained success.

If you would like your Deals, Columns, Press Releases to be published on Bar & Bench, please fill in the form available here.