Bookbuilding IPO | ₹10 Cr | Listed at NSE SME | Thu, Feb 16, 2017 - Tue, Feb 21, 2017
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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Feb 16, 2017
IPO Close
Tue, Feb 21, 2017
Price Band
To be declared
Market Cap (Pre-IPO)
₹37.25 Cr
| IPO Date | 16 to 21 Feb, 2017 |
| Listed on | Thu, Mar 2, 2017 |
| Face Value | ₹10 per share |
| Price Band | |
| Price Band | To be declared |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 6,83,000 shares (agg. up to ₹10 Cr) |
| Reserved for Market Maker | 35,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹[.] Cr) |
| Fresh Issue (Ex Market Maker) | 6,48,000 shares (agg. up to ₹10 Cr) |
| Net Offered to Public | 6,48,000 shares (agg. up to ₹10 Cr) |
| Share Holding Pre Issue | 18,00,000 shares |
| Share Holding Post Issue | 24,83,000 shares |
| NSE Symbol | GLOBAL |
| ISIN | INE291W01011 |
Global Education IPO comprises a total issue size of 6,83,000 shares. The net offer to the public is 6,48,000 shares, after excluding 35,000 shares allotted on a firm basis. Of the Net offer 3,24,000 (50.00%) allocated to NII 3,24,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 3,24,000 | 50.00% | 47.44% |
| Retail Shares Offered | 3,24,000 | 50.00% | 47.44% |
| Firm Reservations | |||
| Market Maker Shares Offered | 35,000 | 5.12% | |
| Total Shares Offered | 6,83,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| 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.
| 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 | To Meet working capital requirement | 7.16 |
| 2 | General corporate purpose | 2.25 |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| 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 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to Merchant Banker , Registrar Fees, Legal Fees & Misc. Expenditure Brokerage & Selling Commission, Printing and Stationery Expenses, Advertising and Marketing Expenses, Statutory Expenses etc and also to NSE, NSDL and CDSL (including Service Tax) | 0.84 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹150.00 |
| Open | ₹180.00 |
| Low | ₹180.00 |
| High | ₹180.00 |
| Last Trade | ₹180.00 |
Lead Manager Reports
Global Education IPO is a SME IPO of 6,83,000 equity shares of the face value of ₹10 aggregating up to ₹10 Crores. The issue is priced at To be declared. The minimum order quantity is 1000.
The IPO opens on Thu, Feb 16, 2017, and closes on Tue, Feb 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 Thu, Feb 16, 2017 and closes on Tue, Feb 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 Thu, Mar 2, 2017.
