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Kuberan Global Edu IPO is a fixed price issue of ₹1.12 crores. The issue is entirely a fresh issue of 0.06 crore shares of ₹1.12 crore.
Kuberan Global Edu IPO bidding started from Apr 20, 2021 and ended on Apr 27, 2021. The allotment for Kuberan Global Edu IPO was finalized on Apr 30, 2021. The shares got listed on BSE SME on May 5, 2021.
Kuberan Global Edu IPO price is ₹20.00 per share . The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (6000 shares). The minimum lot size investment for HNI is 2 lots (12,000 shares), amounting to ₹2,40,000.
Fedex Securities 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 Rikhav Securities Ltd..
Refer to Kuberan Global Edu IPO RHP for detailed Information.
| IPO Date | April 20, 2021 to April 27, 2021 |
| Listing Date | May 5, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹20 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 5,58,000 shares (aggregating up to ₹1.12 Cr) |
| Reserved for Market Maker | 30,000 shares Rikhav Securities Ltd. (aggregating up to ₹0.0600 Cr) |
| Net Offered to Public | 5,28,000 shares (aggregating up to ₹1.06 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 15,48,536 shares |
| Share Holding Post Issue | 21,06,536 shares |
Kuberan Global Edu Solutions IPO offers total 5,58,000 shares. Out of which 2,64,000 (47.31%) allocated to NII, 2,64,000 (47.31%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 30,000 (5.38%) |
| NII (HNI) Shares Offered | 2,64,000 (47.31%) |
| Retail Shares Offered | 2,64,000 (47.31%) |
| Total Shares Offered | 5,58,000 (100.00%) |
Kuberan Global Edu IPO opens on April 20, 2021, and closes on April 27, 2021.
| IPO Open Date | Tue, Apr 20, 2021 |
| IPO Close Date | Tue, Apr 27, 2021 |
| Tentative Allotment | Fri, Apr 30, 2021 |
| Initiation of Refunds | Mon, May 3, 2021 |
| Credit of Shares to Demat | Tue, May 4, 2021 |
| Tentative Listing Date | Wed, May 5, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Apr 27, 2021 |
Investors can bid for a minimum of 6,000 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 | 6,000 | ₹1,20,000 |
| Retail (Max) | 1 | 6,000 | ₹1,20,000 |
| HNI (Min) | 2 | 12,000 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2013, Kuberan Global Edu Solutions Limited (KGES) is a Tamil Nadu based company that offers "TEST PREP" segment services including Banking courses, Accounting & Professional Courses (CA, CS, CMA), Master of Business Administration Entrance exams, Staff Selection Commission (SSC), and Other Competitive Exams.
The company follows Kuberan class (virtual learning concept) through the use of IT to offer courses via online teaching and classroom environment. Online web conferencing, video conferencing chat rooms, Voice over IP (Internet Protocol) are used to provide e-learning facilities to clients. It also provides custom courses and offers customized training to the government, corporates, and other educational institutions. The company has training units in Coimbatore, Tuticorin, Surat, Udumalaipet.
Competitive strengths
| Particulars | For the year/period ended (₹ in lakhs) | ||||
|---|---|---|---|---|---|
| 31-Oct-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 175.19 | 156.19 | 163.93 | 123.32 | |
| Total Revenue | 62.60 | 90.85 | 98.75 | 82.80 | |
| Profit After Tax | 8.70 | 1.65 | 2.92 | 17.60 | |
The Company Kuberan Global Edu 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 | Capital expenditure for Digitalizing Banking Course through online mode by using Information Technology | 0.65 |
| 2 | General Corporate Purposes | 0.25 |
[Dilip Davda] The financial data is on a minuscule level with scanty profits. Based on the last three fiscals average EPS it is priced at a P/E of 46 and on the basis of FY20 earnings, it is at a P/E of 1000. If we consider super-profits for 7M-FY21 it is at a P/E of 28. There is no harm in giving this aggressively priced IPO a miss. Read detail review...
| Listing Date | May 5, 2021 |
| BSE Script Code | 543289 |
| NSE Symbol | KGES |
| ISIN | INE04CO01018 |
| Final Issue Price | ₹20 per share |
| BSE Listing Group | TS |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹20.00 |
| Open | ₹21.00 |
| Low | ₹20.20 |
| High | ₹22.05 |
| Last Trade | ₹22.05 |
Kuberan Global Edu Solutions Ltd.
401,
GES Complex, 1st Floor, 7th Street,
Gandhipuram,
Coimbatore, Tamil Nadu, 641012
Phone: 04224348001
Email: investor@kgesltd.in
Website: http://www.kgesltd.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Kuberan Global Edu IPO is a SME IPO of 5,58,000 equity shares of the face value of ₹10 aggregating up to ₹1.12 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000.
The IPO opens on April 20, 2021, and closes on April 27, 2021.
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 Kuberan Global Edu IPO using UPI as a payment gateway. Zerodha customers can apply in Kuberan Global Edu IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Kuberan Global Edu IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Kuberan Global Edu IPO opens on April 20, 2021 and closes on April 27, 2021.
Kuberan Global Edu IPO lot size is 6000, and the minimum amount required for application is ₹1,20,000.
You can apply in Kuberan Global Edu 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 Kuberan Global Edu IPO will be done on Friday, April 30, 2021, and the allotted shares will be credited to your demat account by Tuesday, May 4, 2021. Check the Kuberan Global Edu IPO allotment status.
The Kuberan Global Edu IPO listing date is on Wednesday, May 5, 2021.
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