Fixed Price IPO | ₹5 Cr | Listed at BSE SME | Thu, Aug 16, 2012 - Tue, Aug 21, 2012
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Aug 16, 2012
IPO Close
Tue, Aug 21, 2012
Issue Price
₹15 per share
Market Cap (Pre-IPO)
₹15.00 Cr
| IPO Date | 16 to 21 Aug, 2012 |
| Listed on | Tue, Sep 4, 2012 |
| Face Value | ₹10 per share |
| Issue Price | ₹15 per share |
| Lot Size | 8,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 35,84,000 shares (agg. up to ₹5 Cr) |
| Reserved for Market Maker | 5,04,000 shares Ajcon Global Services Ltd. (agg. up to ₹0.7560 Cr) |
| Fresh Issue (Ex Market Maker) | 30,80,000 shares (agg. up to ₹5 Cr) |
| Net Offered to Public | 30,80,000 shares (agg. up to ₹5 Cr) |
| Share Holding Pre Issue | 64,31,300 shares |
| Share Holding Post Issue | 1,00,00,000 shares |
| BSE Script Code | 534659 |
| ISIN | INE131N01018 |
Jointeca Education IPO comprises a total issue size of 35,68,700 shares. The net offer to the public is 30,64,700 shares, after excluding 5,04,000 shares allotted on a firm basis. Of the Net offer 15,32,350 (50.00%) allocated to NII 15,32,350 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 15,32,350 | 50.00% | 42.94% |
| Retail Shares Offered | 15,32,350 | 50.00% | 42.94% |
| Firm Reservations | |||
| Market Maker Shares Offered | 5,04,000 | 14.12% | |
| Total Shares Offered | 35,68,700 | 100.00% | 100.00% |
Investors can bid for a minimum of 8,000 shares and in multiples thereof.
| 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 |
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.
| 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 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 |
| Total | 6.16 |
| KPI | |
|---|---|
| RoNW | 0.61% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 64.31% |
| Market Cap | ₹15.00 Cr. |
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.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including fees and reimbursements of Market Making Fees, selling commissions, brokerages, payment to other intermediaries such Bankers etc and other out of pocket expenses, if any | 0.45 |
| 2 | Legal Fees | 0.05 |
| 3 | Printing & Stationery and Postage Expenses | 0.06 |
| 4 | Marketing and Advertisement Expenses | 0.06 |
| 5 | Regulatory fees and RTA expenses | 0.05 |
| 6 | Other expenses | 0.03 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹15.00 |
| Open | ₹15.20 |
| Low | ₹15.00 |
| High | ₹15.25 |
| Last Trade | ₹15.00 |
Beetal Financial & Computer Services Pvt.Ltd.
Lead Manager Reports
Jointeca Education IPO is a SME IPO of 35,84,000 equity shares of the face value of ₹10 aggregating up to ₹5 Crores. The issue is priced at ₹15 per share. The minimum order quantity is 8000.
The IPO opens on Thu, Aug 16, 2012, and closes on Tue, Aug 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 Thu, Aug 16, 2012 and closes on Tue, Aug 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 Tue, Sep 4, 2012.
