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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 ₹132.00 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). The minimum lot size investment for 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 Date | March 15, 2019 to March 19, 2019 |
| Listing Date | March 28, 2019 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹132 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 1,63,000 shares (aggregating up to ₹2.15 Cr) |
| Reserved for Market Maker | 9,000 shares Share India Securities Ltd. (aggregating up to ₹0.1188 Cr) |
| Net Offered to Public | 1,54,000 shares (aggregating up to ₹2.03 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 4,50,000 shares |
| Share Holding Post Issue | 6,13,000 shares |
Humming Bird Education ipo offers total 1,63,000 shares. Out of which 77,000 (47.24%) allocated to NII, 77,000 (47.24%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 9,000 (5.52%) |
| NII (HNI) Shares Offered | 77,000 (47.24%) |
| Retail Shares Offered | 77,000 (47.24%) |
| Total Shares Offered | 1,63,000 (100.00%) |
Humming Bird Education IPO opens on March 15, 2019, and closes on March 19, 2019.
| IPO Open Date | Fri, Mar 15, 2019 |
| IPO Close Date | Tue, Mar 19, 2019 |
| Tentative Allotment | Mon, Mar 25, 2019 |
| Initiation of Refunds | Tue, Mar 26, 2019 |
| Credit of Shares to Demat | Wed, Mar 27, 2019 |
| Tentative Listing Date | Thu, Mar 28, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Mar 19, 2019 |
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 | ₹1,32,000 |
| Retail (Max) | 1 | 1,000 | ₹1,32,000 |
| HNI (Min) | 2 | 2,000 | ₹2,64,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| Particulars | For the year/period ended (in Rs. Lakhs) | ||||
|---|---|---|---|---|---|
| 30-Nov-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | ||
| Total Assets | 102.37 | 29.32 | 36.75 | 18.05 | |
| Total Revenue | 108.65 | 117.09 | 93.70 | 51.56 | |
| Profit After Tax | 36.78 | 10.57 | 4.46 | 0.78 | |
The Company Humming Bird 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 part finance working capital requirements of the Company. | 4.86 |
| 2 | General Corporate Purpose | 0.34 |
[Dilip Davda] <p>This is a very tiny IPO from the education sector that has seen many ups and downs in the recent past. Company's financial data is minuscule and valuation based on the latest super earnings appears fully priced. However, it will take a longer time for migration to the main board considering current paid-up equity. Hence cash surplus risk savvy investors may consider it for the long term at their own risk.</p> Read detail review...
| Listing Date | March 28, 2019 |
| BSE Script Code | 542592 |
| NSE Symbol | |
| ISIN | INE02PC01019 |
| Final Issue Price | ₹132 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹132.00 |
| Open | ₹132.00 |
| Low | ₹132.00 |
| High | ₹138.55 |
| Last Trade | ₹132.00 |
Humming Bird Education Ltd.
1374-1375, 2nd Floor
Katra Lehswan,
Chandni Chowk
Delhi, New Delhi, 110006
Phone: +91-011-47096144
Email: info@hummingbirdeducation.com
Website: https://www.hummingbirdeducation.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Humming Bird Education IPO is a SME IPO of 1,63,000 equity shares of the face value of ₹10 aggregating up to ₹2.15 Crores. The issue is priced at ₹132 per share. The minimum order quantity is 1000.
The IPO opens on March 15, 2019, and closes on March 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 March 15, 2019 and closes on March 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 Wednesday, March 27, 2019. Check the Humming Bird Education IPO allotment status.
The Humming Bird Education IPO listing date is on Thursday, March 28, 2019.
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