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Shanti Educational IPO is a fixed price issue of ₹39.60 crores. The issue is a combination of fresh issue of 0.08 crore shares aggregating to ₹7.20 crores and offer for sale of 0.36 crore shares aggregating to ₹32.40 crores.
Shanti Educational IPO bidding started from Jun 1, 2016 and ended on Jun 6, 2016. The shares got listed on BSE SME on Jun 14, 2016.
Shanti Educational IPO price is ₹90.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹1,44,000 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,88,000.
Oneview Corporate Advisors Pvt.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 Guiness Securities Ltd..
Refer to Shanti Educational IPO RHP for detailed Information.
| IPO Date | June 1, 2016 to June 6, 2016 |
| Listing Date | June 14, 2016 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹90 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 44,00,000 shares (aggregating up to ₹39.60 Cr) |
| Reserved for Market Maker | 2,40,000 shares Guiness Securities Ltd. (aggregating up to ₹2.16 Cr) |
| Fresh Issue (Ex Market Maker) | 5,60,000 shares (aggregating up to ₹5.04 Cr) |
| Offer for Sale | 36,00,000 shares of ₹10 (aggregating up to ₹32.40 Cr) |
| Net Offered to Public | 41,60,000 shares (aggregating up to ₹37.44 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,53,00,000 shares |
| Share Holding Post Issue | 1,61,00,000 shares |
Shanti Educational IPO offers total 44,00,000 shares. Out of which 20,80,000 (47.27%) allocated to NII, 20,80,000 (47.27%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,40,000 (5.45%) |
| NII (HNI) Shares Offered | 20,80,000 (47.27%) |
| Retail Shares Offered | 20,80,000 (47.27%) |
| Total Shares Offered | 44,00,000 (100.00%) |
Shanti Educational IPO opens on June 1, 2016, and closes on June 6, 2016.
| IPO Open Date | Wed, Jun 1, 2016 |
| IPO Close Date | Mon, Jun 6, 2016 |
| Tentative Listing Date | Tue, Jun 14, 2016 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Jun 6, 2016 |
Investors can bid for a minimum of 1,600 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 | 1,600 | ₹1,44,000 |
| Retail (Max) | 1 | 1,600 | ₹1,44,000 |
| HNI (Min) | 2 | 3,200 | ₹2,88,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2010, Shanti Educational Initiatives Ltd (SEIL) engaged in the business of providing educational support services to preschools, K-12 and premium category preschools in India. Three business units of the company are as under:
Shanti Juniors: With 154 franchised preschools under the brand name of 'Shanti Juniors' spread over western, southern and northern region in India, they are rapidly growing popularity in preschool segment.
Shanti Asiatic School: Under the brand name of 'Shanti Asiatic School' there are 6 K-12 schools having over approximately 3600 students.
Shanti's Hopskotch: There are 5 premium category preschools to serve the niche segment which aspire for premium quality education, ambience and learning environment for children under the brand name of 'Shanti's Hopskotch'.
Company is headquartered in Ahmedabad, Gujrat. Apart from Gujarat Company's presence is also concentrated in the states of Rajasthan, Bihar, Maharashtra, Karnataka, and Tamil Nadu.
| KPI | Values |
|---|---|
| RoNW | 2.88% |
The Company Shanti Educational 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 | Construction of School Building at Vastralin Gujarat | 6.52 |
| 2 | General Corporate Expenses | 0.53 |
| 3 | Issue Expenses | 0.15 |
[Dilip Davda] <p><strong>As the issue is aggressively priced, only risks aver investors with cash surplus may consider investment for long term.</strong></p> Read detail review...
| Listing Date | June 14, 2016 |
| BSE Script Code | 539921 |
| NSE Symbol | |
| ISIN | INE440T01010 |
| Final Issue Price | ₹90 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹90.00 |
| Open | ₹90.00 |
| Low | ₹87.50 |
| High | ₹92.00 |
| Last Trade | ₹91.00 |
Shanti Educational Initiatives Ltd.
283, New Cloth Market,
Ahmedabad- 380002
Ahmedabad, Gujarat
Phone: +91-79- 26734660/62/63
Email: Info@seil.edu.in
Website: http://www.sei.edu.in
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: seil.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Shanti Educational IPO is a SME IPO of 44,00,000 equity shares of the face value of ₹10 aggregating up to ₹39.60 Crores. The issue is priced at ₹90 per share. The minimum order quantity is 1600.
The IPO opens on June 1, 2016, and closes on June 6, 2016.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Shanti Educational IPO using UPI as a payment gateway. Zerodha customers can apply in Shanti Educational IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shanti Educational IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shanti Educational IPO opens on June 1, 2016 and closes on June 6, 2016.
Shanti Educational IPO lot size is 1600, and the minimum amount required for application is ₹1,44,000.
You can apply in Shanti Educational 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 Shanti Educational IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Shanti Educational IPO allotment status.
The Shanti Educational IPO listing date is on Tuesday, June 14, 2016.
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