Fixed Price IPO | ₹1 Cr | Listed at BSE SME | Tue, Apr 20, 2021 - Tue, Apr 27, 2021
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Apr 20, 2021
IPO Close
Tue, Apr 27, 2021
Issue Price
₹20 per share
Market Cap (Pre-IPO)
₹4.21 Cr
| IPO Date | 20 to 27 Apr, 2021 |
| Listed on | Wed, May 5, 2021 |
| Face Value | ₹10 per share |
| Issue Price | ₹20 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 5,58,000 shares (agg. up to ₹1 Cr) |
| Reserved for Market Maker | 30,000 shares Rikhav Securities Ltd. (agg. up to ₹0.0600 Cr) |
| Fresh Issue (Ex Market Maker) | 5,28,000 shares (agg. up to ₹1 Cr) |
| Net Offered to Public | 5,28,000 shares (agg. up to ₹1 Cr) |
| Share Holding Pre Issue | 15,48,536 shares |
| Share Holding Post Issue | 21,06,536 shares |
| BSE Script Code | 543289 KGES |
| ISIN | INE04CO01018 |
Kuberan Global Edu IPO comprises a total issue size of 5,58,000 shares. The net offer to the public is 5,28,000 shares, after excluding 30,000 shares allotted on a firm basis. Of the Net offer 2,64,000 (50.00%) allocated to NII 2,64,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 2,64,000 | 50.00% | 47.31% |
| Retail Shares Offered | 2,64,000 | 50.00% | 47.31% |
| Firm Reservations | |||
| Market Maker Shares Offered | 30,000 | 5.38% | |
| Total Shares Offered | 5,58,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples thereof.
| 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 |
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
| 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 | Capital expenditure for Digitalizing Banking Course through online mode by using Information Technology | 0.65 |
| 2 | General Corporate Purposes | 0.25 |
The Kuberan Global Edu Solutions IPO is subscribed 3.3 times on April 27, 2021 6:49:00 AM (Day 7). The public issue subscribed 5.18 times in the retail category, [.] times in the QIB category, and 1.41 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.41 | 2,64,000 | 3,72,000 |
| Retail | 5.18 | 2,64,000 | 13,68,000 |
| Total | 3.3 | 5,28,000 | 17,40,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Brokerage, selling commission and upload fees | 0.01 |
| 2 | Registrar to the Issue | 0.01 |
| 3 | Legal Advisors | 0.01 |
| 4 | Advertising and marketing expenses | 0.02 |
| 5 | Regulators including stock exchanges | 0.05 |
| 6 | Printing and distribution of issue stationary | 0.00 |
| 7 | Others (Market Making fees) | 0.04 |
| 8 | Lead Manager Fees including Underwriting Commission | 0.08 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹20.00 |
| Open | ₹21.00 |
| Low | ₹20.20 |
| High | ₹22.05 |
| Last Trade | ₹22.05 |
Lead Manager Reports
Kuberan Global Edu IPO is a SME IPO of 5,58,000 equity shares of the face value of ₹10 aggregating up to ₹1 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000.
The IPO opens on Tue, Apr 20, 2021, and closes on Tue, Apr 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 Tue, Apr 20, 2021 and closes on Tue, Apr 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 Tue, May 4, 2021. Check the Kuberan Global Edu IPO allotment status.
The Kuberan Global Edu IPO listing date is on Wed, May 5, 2021.
