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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 ₹26.00 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). The minimum lot size investment for 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 Date | December 30, 2021 to January 4, 2022 |
| Listing Date | January 12, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹26 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 8,68,000 shares (aggregating up to ₹2.26 Cr) |
| Reserved for Market Maker | 44,000 shares Beeline Broking Ltd. (aggregating up to ₹0.1144 Cr) |
| Net Offered to Public | 8,24,000 shares (aggregating up to ₹2.14 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 23,41,116 shares |
| Share Holding Post Issue | 32,09,116 shares |
Ascensive Educare IPO offers total 8,68,000 shares. Out of which 4,12,000 (47.47%) allocated to NII, 4,12,000 (47.47%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 44,000 (5.07%) |
| NII (HNI) Shares Offered | 4,12,000 (47.47%) |
| Retail Shares Offered | 4,12,000 (47.47%) |
| Total Shares Offered | 8,68,000 (100.00%) |
Ascensive Educare IPO opens on December 30, 2021, and closes on January 4, 2022.
| IPO Open Date | Thu, Dec 30, 2021 |
| IPO Close Date | Tue, Jan 4, 2022 |
| Tentative Allotment | Fri, Jan 7, 2022 |
| Initiation of Refunds | Mon, Jan 10, 2022 |
| Credit of Shares to Demat | Tue, Jan 11, 2022 |
| Tentative Listing Date | Wed, Jan 12, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Jan 4, 2022 |
Investors can bid for a minimum of 4,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| Particulars | For the year/period ended (₹ in Millions) | ||||
|---|---|---|---|---|---|
| 30-Jun-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | ||
| Total Assets | 139.73 | 123.45 | 106.46 | 82.24 | |
| Total Revenue | 32.13 | 102.73 | 96.13 | 91.83 | |
| Profit After Tax | 1.09 | 4.40 | 4.34 | 2.80 | |
The market capitalization of Ascensive Educare IPO is ₹8.34 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 18.98 |
[Dilip Davda] AEL is operating in a highly competitive and fragmented segment. There are many established players in this sector. Company’s financial performance is not in line with the asking price. Longer gestation for migration to the mainboard is a major hitch. There is no harm in ignoring this aggressively priced IPO. Read detail review...
| Listing Date | January 12, 2022 |
| BSE Script Code | 543443 |
| NSE Symbol | |
| ISIN | INE0E4I01019 |
| Final Issue Price | ₹26 per share |
| BSE Listing Group | TS |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹26.00 |
| Open | ₹27.60 |
| Low | ₹27.50 |
| High | ₹28.95 |
| Last Trade | ₹28.95 |
Ascensive Educare Ltd.
1110 Rasbihari Avenue,
Fatokgora, Chandannagar,
Hooghly,
Chandannagar, West Bengal, 712136
Phone: (033)-4071 -661
Email: info@aimetr.com
Website: https://www.ascensiveeducare.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: ascensive.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Ascensive Educare IPO is a SME IPO of 8,68,000 equity shares of the face value of ₹10 aggregating up to ₹2.26 Crores. The issue is priced at ₹26 per share. The minimum order quantity is 4000.
The IPO opens on December 30, 2021, and closes on January 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 December 30, 2021 and closes on January 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 Tuesday, January 11, 2022. Check the Ascensive Educare IPO allotment status.
The Ascensive Educare IPO listing date is on Wednesday, January 12, 2022.
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