Fixed Price IPO | ₹4 Cr | Listed at NSE SME | Mon, Jul 24, 2017 - Fri, Jul 28, 2017
Keerti Knowledge IPO is a fixed price issue of ₹4.06 crores. The issue is entirely a fresh issue of 0.08 crore shares of ₹4.06 crore.
Keerti Knowledge IPO bidding started from Jul 24, 2017 and ended on Jul 28, 2017. The shares got listed on NSE SME on Aug 7, 2017.
Keerti Knowledge IPO price is ₹52 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,04,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,08,000.
Navigant Corporate Advisors Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Alacrity Securities Ltd..
Refer to Keerti Knowledge IPO RHP for detailed Information.
IPO Open
Mon, Jul 24, 2017
IPO Close
Fri, Jul 28, 2017
Issue Price
₹52 per share
Market Cap (Pre-IPO)
₹15.01 Cr
| IPO Date | 24 to 28 Jul, 2017 |
| Listed on | Mon, Aug 7, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹52 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 7,80,000 shares (agg. up to ₹4 Cr) |
| Reserved for Market Maker | 40,000 shares Alacrity Securities Ltd. (agg. up to ₹0.2080 Cr) |
| Fresh Issue (Ex Market Maker) | 7,40,000 shares (agg. up to ₹4 Cr) |
| Net Offered to Public | 7,40,000 shares (agg. up to ₹4 Cr) |
| Share Holding Pre Issue | 21,06,806 shares |
| Share Holding Post Issue | 28,86,806 shares |
| NSE Symbol | GTECJAINX |
| ISIN | INE586X01012 |
Keerti Knowledge IPO comprises a total issue size of 7,80,000 shares. The net offer to the public is 7,40,000 shares, after excluding 40,000 shares allotted on a firm basis. Of the Net offer 3,70,000 (50.00%) allocated to NII 3,70,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 3,70,000 | 50.00% | 47.44% |
| Retail Shares Offered | 3,70,000 | 50.00% | 47.44% |
| Firm Reservations | |||
| Market Maker Shares Offered | 40,000 | 5.13% | |
| Total Shares Offered | 7,80,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,04,000 |
| Retail (Max) | 1 | 2,000 | ₹1,04,000 |
| HNI (Min) | 2 | 4,000 | ₹2,08,000 |
Incorporated in 1999, Keerti Knowledge and Skills Ltd works as an information technology training company in India. They are one of the largest IT training institutes in Mumbai & Thane region that trains youth and students in multiple segments of Information Technology.
They provide tutoring of basic computer knowledge, Internet, surfing, and computer courses including Microsoft office, accounting and financial management, inventory management, statutory capabilities, and tally.net capabilities; accounting courses, such as tally; and various computer languages comprising C++,.Net, Java and Oracle, communication and soft skills, etc.
Keerti Knowledge has expanded business through its two subsidiary Companies i.e. Keerti Institute India Private Ltd and Keerti Tutorials India Private Ltd and KKSL has vide Business Transfer Agreement dated 2nd April, 2015 transferred its business of IT education sector which is on franchise basis to the Keerti Institute India Private Limited (KIIPL) for advancement and to rationalize the future growth of franchise business in IT education sector in future along with authorization of Maharashtra Knowledge Corporate Limited (MKCL)to conduct MKCL’s Courses. Thereafter, KIIPL entered into 90 afresh franchisees Agreements at various locations in Mumbai and Thane. The core activity of KKSL includes Training and Placement, State and Central Government programs and High End Technical programs.
| 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 Company Owned and Company Operated (COCO) Centers through our wholly owned subsidiaries i.e. Keerti Institute India Private Limited (KIIPL) and Keerti Tutorials India Private Limited (KTIPL) | 1.20 |
| 2 | To Develop E- Applications and E Programs. | 1.00 |
| 3 | Developing an end to end software/ Portal for Recruitment, Training and Placement | 0.40 |
| 4 | General corporate purposes | 1.01 |
The Keerti Knowledge IPO is subscribed [.] times on July 28, 2017 5:00:00 PM (Day 5). The public issue subscribed [.] times in the retail category, [.] times in the QIB category, and [.] times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | [.] | 3,90,000 | 5,94,000 |
| Retail | [.] | 3,90,000 | 8,18,000 |
| Total | [.] | 7,80,000 | 14,12,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees, Underwriting Fees selling commissions, brokerages, Payment to other intermediaries such as Legal Advisors, Registrars etc | 0.25 |
| 2 | Market Making Fees for three years | 0.10 |
| 3 | Printing & Stationery, Distribution, Postage, etc | 0.02 |
| 4 | Advertisement & Marketing Expenses | 0.02 |
| 5 | Regulatory & other expenses | 0.03 |
| 6 | Miscellaneous Expenses | 0.03 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹52.00 |
| Open | ₹51.00 |
| Low | ₹49.00 |
| High | ₹52.40 |
| Last Trade | ₹51.25 |
Lead Manager Reports
Keerti Knowledge IPO is a SME IPO of 7,80,000 equity shares of the face value of ₹10 aggregating up to ₹4 Crores. The issue is priced at ₹52 per share. The minimum order quantity is 2000.
The IPO opens on Mon, Jul 24, 2017, and closes on Fri, Jul 28, 2017.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Keerti Knowledge IPO using UPI as a payment gateway. Zerodha customers can apply in Keerti Knowledge IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Keerti Knowledge IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Keerti Knowledge IPO opens on Mon, Jul 24, 2017 and closes on Fri, Jul 28, 2017.
Keerti Knowledge IPO lot size is 2000, and the minimum amount required for application is ₹1,04,000.
You can apply in Keerti Knowledge 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 Keerti Knowledge IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Keerti Knowledge IPO allotment status.
The Keerti Knowledge IPO listing date is on Mon, Aug 7, 2017.
