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Siddharth Education IPO is a book build issue of ₹10.88 crores. The issue is entirely a fresh issue of 0.31 crore shares of ₹10.88 crore.
Siddharth Education IPO bidding started from Sep 29, 2017 and ended on Oct 5, 2017. The shares got listed on BSE SME on Oct 12, 2017.
Siddharth Education IPO price band is set at ₹35.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an retail is ₹1,20,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,80,000.
Gretex Corporate Services Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company areBeeline Broking Ltd., Gretex Share Broking Pvt.Ltd., NNM Securities Pvt.Ltd..
Refer to Siddharth Education IPO RHP for detailed Information.
| IPO Date | September 29, 2017 to October 5, 2017 |
| Listing Date | October 12, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹30 to ₹35 per share |
| Issue Price Final | ₹35 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 31,08,000 shares (aggregating up to ₹10.88 Cr) |
| Reserved for Market Maker | 1,56,000 shares Gretex Share Broking Pvt.Ltd. (aggregating up to ₹0.5460 Cr) Beeline Broking Ltd. NNM Securities Pvt.Ltd. |
| Net Offered to Public | 29,52,000 shares (aggregating up to ₹10.33 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 84,91,500 shares |
| Share Holding Post Issue | 1,15,99,500 shares |
Siddharth Education IPO offers total 31,08,000 shares. Out of which 14,76,000 (47.49%) allocated to NII, 14,76,000 (47.49%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,56,000 (5.02%) |
| NII (HNI) Shares Offered | 14,76,000 (47.49%) |
| Retail Shares Offered | 14,76,000 (47.49%) |
| Total Shares Offered | 31,08,000 (100.00%) |
Siddharth Education IPO opens on September 29, 2017, and closes on October 5, 2017.
| IPO Open Date | Fri, Sep 29, 2017 |
| IPO Close Date | Thu, Oct 5, 2017 |
| Tentative Listing Date | Thu, Oct 12, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Oct 5, 2017 |
Investors can bid for a minimum of 4,000 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 | 4,000 | ₹1,40,000 |
| Retail (Max) | 1 | 4,000 | ₹1,40,000 |
| HNI (Min) | 2 | 8,000 | ₹2,80,000 |
Incorporated in 1997, Siddharth Education Services Limited provides tutorial coaching services for students of professional courses in India. It offers tutorial services for company secretary, chartered accountancy, and cost and management accountancy, as well as CFA courses.
Currently they have 4 (four) Company operated centres and a team of 22 faculty members. The company offers test series courses which have been systematically designed to provide effective and efficient education to students in simple and lucid manner. A partnership arm of the group is engaged in farming segment which has negligible contribution in revenues but investment made is much higher than education segment.
The Company Siddharth Education 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 | Establishment of new coaching centres | 2.20 |
| 2 | Acquisition of human resource training centres | 2.61 |
| 3 | Digital Marketing and Online Training | 1.61 |
| 4 | General Corporate Purpose | 3.12 |
[Dilip Davda] Considering roller-coaster ride for the education sector and aggressive pricing of the issue, cash surplus risk savvy investors may consider investment for long term. Read detail review...
| Listing Date | October 12, 2017 |
| BSE Script Code | 540736 |
| NSE Symbol | |
| ISIN | INE930X01012 |
| Final Issue Price | ₹35 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹35.00 |
| Open | ₹36.90 |
| Low | ₹36.00 |
| High | ₹42.00 |
| Last Trade | ₹42.00 |
Siddharth Education Services Ltd.
101 1st Floor Chirag Arcade,
Behind Nagrik Stores E R Road,
Thane (West),
Mumbai, Maharashtra, 400601
Phone: +91-22-25334903
Email: siddharth_academy@yahoo.co.in
Website: http://www.siddharthacademy.com
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://ipostatus.kfintech.com/
Siddharth Education IPO is a SME IPO of 31,08,000 equity shares of the face value of ₹10 aggregating up to ₹10.88 Crores. The issue is priced at ₹35 per share. The minimum order quantity is 4000.
The IPO opens on September 29, 2017, and closes on October 5, 2017.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Siddharth Education IPO using UPI as a payment gateway. Zerodha customers can apply in Siddharth Education IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Siddharth Education IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Siddharth Education IPO opens on September 29, 2017 and closes on October 5, 2017.
Siddharth Education IPO lot size is 4000, and the minimum amount required for application is ₹1,40,000.
You can apply in Siddharth Education 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 Siddharth Education IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Siddharth Education IPO allotment status.
The Siddharth Education IPO listing date is on Thursday, October 12, 2017.
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