Fixed Price IPO | ₹2 Cr | Listed at BSE SME | Fri, Mar 15, 2019 - Tue, Mar 19, 2019
Humming Bird Education IPO is a fixed price issue of ₹2.15 crores. The issue is entirely a fresh issue of 0.02 crore shares of ₹2.15 crore.
Humming Bird Education IPO bidding started from Mar 15, 2019 and ended on Mar 19, 2019. The allotment for Humming Bird Education IPO was finalized on Mar 25, 2019. The shares got listed on BSE SME on Mar 28, 2019.
Humming Bird Education IPO price is ₹132 per share. The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹1,32,000 (1000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,000 shares), amounting to ₹2,64,000.
Share India Capital Services Pvt.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 Share India Securities Ltd..
Refer to Humming Bird Education IPO RHP for detailed Information.
IPO Open
Fri, Mar 15, 2019
IPO Close
Tue, Mar 19, 2019
Issue Price
₹132 per share
Market Cap (Pre-IPO)
₹8.09 Cr
| IPO Date | 15 to 19 Mar, 2019 |
| Listed on | Thu, Mar 28, 2019 |
| Face Value | ₹10 per share |
| Issue Price | ₹132 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 1,63,000 shares (agg. up to ₹2 Cr) |
| Reserved for Market Maker | 9,000 shares Share India Securities Ltd. (agg. up to ₹0.1188 Cr) |
| Fresh Issue (Ex Market Maker) | 1,54,000 shares (agg. up to ₹2 Cr) |
| Net Offered to Public | 1,54,000 shares (agg. up to ₹2 Cr) |
| Share Holding Pre Issue | 4,50,000 shares |
| Share Holding Post Issue | 6,13,000 shares |
| BSE Script Code | 542592 |
| ISIN | INE02PC01019 |
Humming Bird Education IPO comprises a total issue size of 1,63,000 shares. The net offer to the public is 1,54,000 shares, after excluding 9,000 shares allotted on a firm basis. Of the Net offer 77,000 (50.00%) allocated to NII 77,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 77,000 | 50.00% | 47.24% |
| Retail Shares Offered | 77,000 | 50.00% | 47.24% |
| Firm Reservations | |||
| Market Maker Shares Offered | 9,000 | 5.52% | |
| Total Shares Offered | 1,63,000 | 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 | ₹1,32,000 |
| Retail (Max) | 1 | 1,000 | ₹1,32,000 |
| HNI (Min) | 2 | 2,000 | ₹2,64,000 |
Incorporated in 2010, Humming Bird Education is a Delhi based company involved in the business related to education. The company organizes Olympiad, a competitive examination where students are evaluated and their academic performance is ranked relative to their peer group.
Humming Bird Education uses factual, conceptual, reasoning, logical, analytical and problem-solving skills to help students better understand their strengths and weaknesses. The company provides study material, free mobile app, performance analysis report for all participants.
The Olympiad results also give an opportunity for schools to analyze the performance of their teachers with the help of deep insight provided.
Humming Bird Education is an asset-light and centrally managed company.
Products Offered
1. Humming Bird Talent Search Examination (HBTSE) - A Mathematics & Science Olympiad for Class 1 to 12
2. Humming Bird Commerce Competency Olympiad (HCC) - A commerce Olympiad that includes Accounts, Business Studies, and Economics for Classes 11 & 12.
3. Humming Bird Cyber Olympiad (HCO) - A Computer Olympiad for Class 1 to 12.
4. Humming Bird English Olympiad (HEO) - An English Olympiad for Class 1 to 12.
5. Humming Bird G.K. Olympiad (HGO) - A General Knowledge Olympiad for Class 1 to 12.
6. Humming Bird Hindi Olympiad (HHO) - A Hindi Olympiad for Class 1 to 12.
7. Humming Bird Math + Computer + English + Combined Olympiad (MCSE) - Olympiad that includes Mathematics, Computer, Science & English for Class 1 to 12.
8. Humming Bird MULTIPLE INTELLIGENCE TEST (HMIT) - MULTIPLE INTELLIGENCE TEST for Class 1 to 12. This Test includes questions on Mathematics, G.K., Science, English and Multiple Intelligence.
9. Humming Bird Mathematics Olympiad (HMO) - A Mathematics Olympiad for Class 1 to 12. The HMO is also available in ENGLISH MEDIUM, TAMIL MEDIUM and HINDI MEDIUM.
10. Humming Bird Science Olympiad (HSO) - A Science Olympiad for Class 1 to 12. The HSO is also available in ENGLISH MEDIUM, TAMIL MEDIUM and HINDI MEDIUM.
11. Problem Solving Olympiad (PSO) - A Problem Solving Olympiad for Class 3 to 12.
12. SPELL BEE - A Spelling Competition for Class 1 to 12.
For the Fiscal years ended on March 31, 2018, March 31, 2017, and March 31, 2016, the company's gross revenue stood at Rs. 117.09 Lakhs, Rs. 93.70 Lakhs and Rs. 51.56 Lakhs respectively. Further, its PAT for the Fiscal years ended on March 31, 2018, March 31, 2017, and March 31, 2016, stood at Rs. 10.57 Lakhs, Rs. 4.46 Lakhs and Rs. 0.78 Lakhs respectively.
| 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 part finance working capital requirements of the Company. | 1.46 |
| 2 | General Corporate Purpose | 0.34 |
| Total | 1.80 |
The Humming Bird Education ipo is subscribed 1.42 times on March 19, 2019 6:50:02 PM (Day 3). The public issue subscribed 0.91 times in the retail category, [.] times in the QIB category, and 1.9 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.9 | 77,000 | 1,46,000 |
| Retail | 0.91 | 77,000 | 70,000 |
| Total | 1.42 | 1,54,000 | 2,19,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees, Underwriting Fees selling commissions, brokerages, Payment to other intermediaries such as Legal Advisors, Registrars, Market Making fee for three years etc. | 0.25 |
| 2 | Printing & Stationery, Distribution, Postage, etc. | 0.01 |
| 3 | Advertisement & Marketing Expenses | 0.01 |
| 4 | Regulatory & other expenses | 0.04 |
| 5 | Miscellaneous Expenses | 0.04 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹132.00 |
| Open | ₹132.00 |
| Low | ₹132.00 |
| High | ₹138.55 |
| Last Trade | ₹132.00 |
Lead Manager Reports
Humming Bird Education IPO is a SME IPO of 1,63,000 equity shares of the face value of ₹10 aggregating up to ₹2 Crores. The issue is priced at ₹132 per share. The minimum order quantity is 1000.
The IPO opens on Fri, Mar 15, 2019, and closes on Tue, Mar 19, 2019.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Humming Bird Education IPO using UPI as a payment gateway. Zerodha customers can apply in Humming Bird Education IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Humming Bird Education IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Humming Bird Education IPO opens on Fri, Mar 15, 2019 and closes on Tue, Mar 19, 2019.
Humming Bird Education IPO lot size is 1000, and the minimum amount required for application is ₹1,32,000.
You can apply in Humming Bird 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 Humming Bird Education IPO will be done on Monday, March 25, 2019, and the allotted shares will be credited to your demat account by Wed, Mar 27, 2019. Check the Humming Bird Education IPO allotment status.
The Humming Bird Education IPO listing date is on Thu, Mar 28, 2019.
