Fixed Price IPO | ₹40 Cr | Listed at BSE SME | Wed, Jun 1, 2016 - Mon, Jun 6, 2016
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Jun 1, 2016
IPO Close
Mon, Jun 6, 2016
Issue Price
₹90 per share
Market Cap (Pre-IPO)
₹144.90 Cr
| IPO Date | 1 to 6 Jun, 2016 |
| Listed on | Tue, Jun 14, 2016 |
| Face Value | ₹10 per share |
| Issue Price | ₹90 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 44,00,000 shares (agg. up to ₹40 Cr) |
| Reserved for Market Maker | 2,40,000 shares Guiness Securities Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 5,60,000 shares (agg. up to ₹5 Cr) |
| Offer for Sale | 36,00,000 shares of ₹10 (agg. up to ₹32 Cr) |
| Net Offered to Public | 41,60,000 shares (agg. up to ₹37 Cr) |
| Share Holding Pre Issue | 1,53,00,000 shares |
| Share Holding Post Issue | 1,61,00,000 shares |
| BSE Script Code | 539921 |
| ISIN | INE440T01010 |
Shanti Educational IPO comprises a total issue size of 44,00,000 shares. The net offer to the public is 41,60,000 shares, after excluding 2,40,000 shares allotted on a firm basis. Of the Net offer 20,80,000 (50.00%) allocated to NII 20,80,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 20,80,000 | 50.00% | 47.27% |
| Retail Shares Offered | 20,80,000 | 50.00% | 47.27% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,40,000 | 5.45% | |
| Total Shares Offered | 44,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| 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 |
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.
| 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 | Construction of School Building at Vastralin Gujarat | 6.52 |
| 2 | General Corporate Expenses | 0.53 |
| 3 | Issue Expenses | 0.15 |
| KPI | |
|---|---|
| RoNW | 2.88% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 91.45% | 64.55% |
| Market Cap | ₹144.90 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 | Issue Management fees including fees and reimbursements of market making fees, underwriting fees, selling commissions, brokerages, and payment to other intermediaries such as legal advisors, registrars and other out of pocket expenses. | 0.32 |
| 2 | Regulatory Fees | 0.03 |
| 3 | Other Expenses (printing, stationery, advertisement, auditors fees, postage etc.) | 0.07 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹90.00 |
| Open | ₹90.00 |
| Low | ₹87.50 |
| High | ₹92.00 |
| Last Trade | ₹91.00 |
Lead Manager Reports
Shanti Educational IPO is a SME IPO of 44,00,000 equity shares of the face value of ₹10 aggregating up to ₹40 Crores. The issue is priced at ₹90 per share. The minimum order quantity is 1600.
The IPO opens on Wed, Jun 1, 2016, and closes on Mon, Jun 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 Wed, Jun 1, 2016 and closes on Mon, Jun 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 Tue, Jun 14, 2016.
