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Global Education IPO is a book build issue of ₹10.25 crores. The issue is entirely a fresh issue of 0.07 crore shares of ₹10.25 crore.
Global Education IPO bidding started from Feb 16, 2017 and ended on Feb 21, 2017. The shares got listed on NSE SME on Mar 2, 2017.
Global Education IPO price band is set at [.] to [.] per share . The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,50,000 (1000 shares). The minimum lot size investment for HNI is 2 lots (2,000 shares), amounting to ₹3,00,000.
Hem Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Hem Finlease Pvt.Ltd..
Refer to Global Education IPO RHP for detailed Information.
| IPO Date | February 16, 2017 to February 21, 2017 |
| Listing Date | March 2, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | [.] to [.] per share |
| Issue Price Final | ₹150 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 6,83,000 shares (aggregating up to ₹10.25 Cr) |
| Reserved for Market Maker | 35,000 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹[.] Cr) |
| Net Offered to Public | 6,48,000 shares (aggregating up to ₹9.72 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 18,00,000 shares |
| Share Holding Post Issue | 24,83,000 shares |
Global Education IPO offers total 6,83,000 shares. Out of which 3,24,000 (47.44%) allocated to NII, 3,24,000 (47.44%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 35,000 (5.12%) |
| NII (HNI) Shares Offered | 3,24,000 (47.44%) |
| Retail Shares Offered | 3,24,000 (47.44%) |
| Total Shares Offered | 6,83,000 (100.00%) |
Global Education IPO opens on February 16, 2017, and closes on February 21, 2017.
| IPO Open Date | Thu, Feb 16, 2017 |
| IPO Close Date | Tue, Feb 21, 2017 |
| Tentative Listing Date | Thu, Mar 2, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Feb 21, 2017 |
Investors can bid for a minimum of 1,000 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 | 1,000 | ₹1,50,000 |
| Retail (Max) | 1 | 1,000 | ₹1,50,000 |
| HNI (Min) | 2 | 2,000 | ₹3,00,000 |
Global Education Ltd (GEL) is currently engaged in providing professional training and skill developments to corporate, teachers and students for human capital development and other various business support services to education institutions, students, corporate and banks. Its client primarily includes universities, schools and colleges wherein it provides training to teachers, principals, students and parents. The company also provides training to top and middle level managers, supervisors and executives of various corporates.
The Company Global Education IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To Meet working capital requirement | 7.16 |
| 2 | General corporate purpose | 2.25 |
[Dilip Davda] Investors having cash surplus may consider investment in this issue for medium to long term. Read detail review...
| Sr. No | Category | No of shares bid for |
|---|---|---|
| 1 | Qualified Institutional Buyers(QIBs) | 1,38,000 |
| 1(a) | Foreign Institutional Investors(FIIs) | 0 |
| 1(b) | Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) | 4,000 |
| 1(c) | Mutual funds | 0 |
| 1(d) | Others | 1,34,000 |
| 2 | Non Institutional Investors | 1,85,70,000 |
| 2(a) | Corporates | 22,74,000 |
| 2(b) | Individuals(Other than RIIs) | 1,59,81,000 |
| 2(c) | Others | 3,15,000 |
| 3 | Retail Individual Investors(RIIs) | 3,74,67,000 |
| 3(a) | Cut Off | 1,35,51,000 |
| 3(b) | Price bids | 2,39,16,000 |
| Total | 5,61,75,000 |
| Listing Date | March 2, 2017 |
| BSE Script Code | |
| NSE Symbol | GLOBAL |
| ISIN | INE291W01011 |
| Final Issue Price | ₹150 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹150.00 |
| Open | ₹180.00 |
| Low | ₹180.00 |
| High | ₹180.00 |
| Last Trade | ₹180.00 |
Global Education Ltd.
4th Floor, Usha Complex,
345, Kingsway,
Nagpur, Maharashtra, 440001
Phone: +91 22 4924 2584
Email: investorinfo@globaledu.net.in
Website: http://globaledu.net.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Global Education IPO is a SME IPO of 6,83,000 equity shares of the face value of ₹10 aggregating up to ₹10.25 Crores. The issue is priced at ₹150 per share. The minimum order quantity is 1000.
The IPO opens on February 16, 2017, and closes on February 21, 2017.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Global Education IPO using UPI as a payment gateway. Zerodha customers can apply in Global Education IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Global Education IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Global Education IPO opens on February 16, 2017 and closes on February 21, 2017.
Global Education IPO lot size is 1000, and the minimum amount required for application is ₹1,50,000.
You can apply in Global Education 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 Global Education IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Global Education IPO allotment status.
The Global Education IPO listing date is on Thursday, March 2, 2017.
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