Fixed Price IPO | ₹2 Cr | Listed at BSE SME | Thu, Dec 30, 2021 - Tue, Jan 4, 2022
Ascensive Educare IPO is a fixed price issue of ₹2.26 crores. The issue is entirely a fresh issue of 0.09 crore shares of ₹2.26 crore.
Ascensive Educare IPO bidding started from Dec 30, 2021 and ended on Jan 4, 2022. The allotment for Ascensive Educare IPO was finalized on Jan 7, 2022. The shares got listed on BSE SME on Jan 12, 2022.
Ascensive Educare IPO price is ₹26 per share. The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,04,000 (4000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (8,000 shares), amounting to ₹2,08,000.
GYR Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Beeline Broking Ltd..
Refer to Ascensive Educare IPO RHP for detailed Information.
IPO Open
Thu, Dec 30, 2021
IPO Close
Tue, Jan 4, 2022
Issue Price
₹26 per share
Market Cap (Pre-IPO)
₹8.34 Cr
| IPO Date | 30 Dec, 2021 to 4 Jan, 2022 |
| Listed on | Wed, Jan 12, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹26 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 8,68,000 shares (agg. up to ₹2 Cr) |
| Reserved for Market Maker | 44,000 shares Beeline Broking Ltd. (agg. up to ₹0.1144 Cr) |
| Fresh Issue (Ex Market Maker) | 8,24,000 shares (agg. up to ₹2 Cr) |
| Net Offered to Public | 8,24,000 shares (agg. up to ₹2 Cr) |
| Share Holding Pre Issue | 23,41,116 shares |
| Share Holding Post Issue | 32,09,116 shares |
| BSE Script Code | 543443 |
| ISIN | INE0E4I01019 |
Ascensive Educare IPO comprises a total issue size of 8,68,000 shares. The net offer to the public is 8,24,000 shares, after excluding 44,000 shares allotted on a firm basis. Of the Net offer 4,12,000 (50.00%) allocated to NII 4,12,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 4,12,000 | 50.00% | 47.47% |
| Retail Shares Offered | 4,12,000 | 50.00% | 47.47% |
| Firm Reservations | |||
| Market Maker Shares Offered | 44,000 | 5.07% | |
| Total Shares Offered | 8,68,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,04,000 |
| Retail (Max) | 1 | 4,000 | ₹1,04,000 |
| HNI (Min) | 2 | 8,000 | ₹2,08,000 |
Ascensive Educare is a skill development company offering vocational training, and educational consulting in collaboration with Central Government, State Governments, and various Industries and Industry Associations. The company provides the platform for the skill developments at the grass-roots level to skill and re-skill the workforce of India.
The company is NSDC accredited with NSFQ compliant course curriculum. The training courses are provided by experienced trainers certified by the Sector Skills Council. The company has trained more than 50,000+ trainees under various hardware, networking and management programs in Kolkata. Apart from providing national vocational qualifications, the company also delivers short courses, skill sets, and workshops to professionals and businesses.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the working capital requirements of the company | 1.40 |
| 2 | General Corporate Purposes | 0.46 |
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 18.98 | |
| Promoter Holding | 100.00% | 72.95% |
| Market Cap | ₹8.34 Cr. |
The Ascensive Educare IPO is subscribed 2.67 times on January 4, 2022 7:50:00 PM (Day 4). The public issue subscribed 4.11 times in the retail category, [.] times in the QIB category, and 1.24 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.24 | 4,12,000 | 5,12,000 |
| Retail | 4.11 | 4,12,000 | 16,92,000 |
| Total | 2.67 | 8,24,000 | 22,04,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including Merchant Banking fees and Market Making fees, Underwriting fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | 0.32 |
| 2 | Advertising and Marketing Expenses | 0.01 |
| 3 | Fees payable to the to the Regulators including stock exchange(s) | 0.04 |
| 4 | Printing & Stationery, Distribution, Postage, etc. | 0.01 |
| 5 | Brokerage and selling commission | 0.00 |
| 6 | Other Expenses (Banker’s to the Issue, Auditor’s fees etc.) | 0.02 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹26.00 |
| Open | ₹27.60 |
| Low | ₹27.50 |
| High | ₹28.95 |
| Last Trade | ₹28.95 |
Lead Manager Reports
Ascensive Educare IPO is a SME IPO of 8,68,000 equity shares of the face value of ₹10 aggregating up to ₹2 Crores. The issue is priced at ₹26 per share. The minimum order quantity is 4000.
The IPO opens on Thu, Dec 30, 2021, and closes on Tue, Jan 4, 2022.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Ascensive Educare IPO using UPI as a payment gateway. Zerodha customers can apply in Ascensive Educare IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ascensive Educare IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ascensive Educare IPO opens on Thu, Dec 30, 2021 and closes on Tue, Jan 4, 2022.
Ascensive Educare IPO lot size is 4000, and the minimum amount required for application is ₹1,04,000.
You can apply in Ascensive Educare IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Ascensive Educare IPO will be done on Friday, January 7, 2022, and the allotted shares will be credited to your demat account by Tue, Jan 11, 2022. Check the Ascensive Educare IPO allotment status.
The Ascensive Educare IPO listing date is on Wed, Jan 12, 2022.
