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Jointeca Education IPO is a fixed price issue of ₹5.38 crores. The issue is entirely a fresh issue of 0.36 crore shares of ₹5.38 crore.
Jointeca Education IPO bidding started from Aug 16, 2012 and ended on Aug 21, 2012. The shares got listed on BSE SME on Sep 4, 2012.
Jointeca Education IPO price is ₹15.00 per share . The lot size for an application is 8,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (8000 shares). The minimum lot size investment for HNI is 2 lots (16,000 shares), amounting to ₹2,40,000.
Ajcon Global Services Ltd. is the book running lead manager and Beetal Financial & Computer Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Ajcon Global Services Ltd..
Refer to Jointeca Education IPO RHP for detailed Information.
| IPO Date | August 16, 2012 to August 21, 2012 |
| Listing Date | September 4, 2012 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹15 per share |
| Lot Size | 8,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 35,84,000 shares (aggregating up to ₹5.38 Cr) |
| Reserved for Market Maker | 5,04,000 shares Ajcon Global Services Ltd. (aggregating up to ₹0.7560 Cr) |
| Net Offered to Public | 30,80,000 shares (aggregating up to ₹4.62 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 64,31,300 shares |
| Share Holding Post Issue | 1,00,00,000 shares |
Jointeca Education IPO offers total 35,68,700 shares. Out of which 15,32,350 (42.94%) allocated to NII, 15,32,350 (42.94%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 5,04,000 (14.12%) |
| NII (HNI) Shares Offered | 15,32,350 (42.94%) |
| Retail Shares Offered | 15,32,350 (42.94%) |
| Total Shares Offered | 35,68,700 (100.00%) |
Jointeca Education IPO opens on August 16, 2012, and closes on August 21, 2012.
| IPO Open Date | Thu, Aug 16, 2012 |
| IPO Close Date | Tue, Aug 21, 2012 |
| Tentative Listing Date | Tue, Sep 4, 2012 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Aug 21, 2012 |
Investors can bid for a minimum of 8,000 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 | 8,000 | ₹1,20,000 |
| Retail (Max) | 1 | 8,000 | ₹1,20,000 |
| HNI (Min) | 2 | 16,000 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2001, Jointeca Education Solutions Ltd is an ISO 9001:2008 certified company and provides a range of IT solutions for business in areas of Enterprise Application Solutions and Integrated IT Solutions. Jointeca Education Solutions Ltd's products as GuruSeva in education, Restro in restaurant and Prosav in investment field are designed according to the global market. Jointeca offers educational ERP solutions through its product GuruSeva and its business is concentrated mainly in the Northern Region of India.
JOINTECA Education Solutions Ltd has delivered successful Enterprises Application Solutions to high profile organizations in India and overseas. It includes CRM solutions and e-Commerce portals.
A comprehensive set of ERP Solutions in the field of publications, manufacturing and school management is the flagship product of the company to cater enterprises with large and medium business volumes. Jointeca Education Solutions Ltd seamlessly integrates all functions and processes of an enterprise to provide end-to-end integration and operate effectively.
| KPI | Values |
|---|---|
| RoNW | 0.61% |
The Company Jointeca 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 expand our product Guruseva (Educational ERP Solution) under BOOT Model through Cloud Computing solutions, to establish and expand infrastructure for B2B Educational Portal www.shiklo.in, to meet the promotion and branding expenses for setting up robust sales network for our products | 6.16 |
| 2 | Public Issue Expenses | 0.70 |
[Dilip Davda] <p>Only risks aver HNIs can dare to park their funds in this high cost offer for listing gains if any. Based on track record, the gain is negligible despite market making arrangements.</p> Read detail review...
| Listing Date | September 4, 2012 |
| BSE Script Code | 534659 |
| NSE Symbol | |
| ISIN | INE131N01018 |
| Final Issue Price | ₹15 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹15.00 |
| Open | ₹15.20 |
| Low | ₹15.00 |
| High | ₹15.25 |
| Last Trade | ₹15.00 |
Jointeca Education Solutions Ltd.
1014, Bagh Bahadhur Chowki Colony,
Near SBI Crossing,
Mathura, Uttar Pradesh - 281001
Mathura, Uttar Pradesh
Phone: 0565 6000801
Email: jes@beetalfinancial.com
Website: http://www.jointeca.com
Beetal Financial & Computer Services Pvt.Ltd.
Phone: +91 11 29961281
Email: jes@beetalfinancial.com
Website: http://www.beetalmail.com/smeipo
Jointeca Education IPO is a SME IPO of 35,84,000 equity shares of the face value of ₹10 aggregating up to ₹5.38 Crores. The issue is priced at ₹15 per share. The minimum order quantity is 8000.
The IPO opens on August 16, 2012, and closes on August 21, 2012.
Beetal Financial & Computer 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 Jointeca Education IPO using UPI as a payment gateway. Zerodha customers can apply in Jointeca Education IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Jointeca Education IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Jointeca Education IPO opens on August 16, 2012 and closes on August 21, 2012.
Jointeca Education IPO lot size is 8000, and the minimum amount required for application is ₹1,20,000.
You can apply in Jointeca 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 Jointeca Education IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Jointeca Education IPO allotment status.
The Jointeca Education IPO listing date is on Tuesday, September 4, 2012.
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