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Updater Services IPO opens for subscription. Should you bid?
Updater Services, an integrated facilities management company, has opened its initial public offer for subscription. Prior to the launch, the company raised approximately Rs 288 crore from anchor investors including BNP Paribas, Societe Generale, Citigroup Global Markets, and Nomura Singapore. The IPO aims to raise around Rs 640 crore and will close on September 27. Analysts have mixed views on the company's prospects, with some recommending a long-term subscription while others advise avoiding the issue due to aggressive pricing.
