Bookbuilding IPO | ₹11 Cr | Listed at BSE SME | Fri, Sep 29, 2017 - Thu, Oct 5, 2017
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 per share. The lot size for an application is 4,000. The minimum amount of investment required by an retail is ₹1,40,000 (4000 shares) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Sep 29, 2017
IPO Close
Thu, Oct 5, 2017
Issue Price
₹35 per share
Market Cap (Pre-IPO)
₹40.60 Cr
| IPO Date | 29 Sep to 5 Oct, 2017 |
| Listed on | Thu, Oct 12, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹30 to ₹35 |
| Issue Price | ₹35 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 31,08,000 shares (agg. up to ₹11 Cr) |
| Reserved for Market Maker | 1,56,000 shares Gretex Share Broking Pvt.Ltd. (agg. up to ₹0.5460 Cr) Beeline Broking Ltd. NNM Securities Pvt.Ltd. |
| Fresh Issue (Ex Market Maker) | 29,52,000 shares (agg. up to ₹10 Cr) |
| Net Offered to Public | 29,52,000 shares (agg. up to ₹10 Cr) |
| Share Holding Pre Issue | 84,91,500 shares |
| Share Holding Post Issue | 1,15,99,500 shares |
| BSE Script Code | 540736 |
| ISIN | INE930X01012 |
Siddharth Education IPO comprises a total issue size of 31,08,000 shares. The net offer to the public is 29,52,000 shares, after excluding 1,56,000 shares allotted on a firm basis. Of the Net offer 14,76,000 (50.00%) allocated to NII 14,76,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 14,76,000 | 50.00% | 47.49% |
| Retail Shares Offered | 14,76,000 | 50.00% | 47.49% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,56,000 | 5.02% | |
| Total Shares Offered | 31,08,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| 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.
| 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 | 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 |
The Siddharth Education IPO is subscribed [.] times on October 5, 2017 5:00:00 PM (Day 4). The public issue subscribed [.] times in the retail category, [.] times in the QIB category, and [.] times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to Merchant Banker , Registrar Fees, Legal Fees & Misc. Expenditure | 0.30 |
| 2 | Brokerage & Selling Commission | 0.50 |
| 3 | Printing and Stationery Expenses | 0.03 |
| 4 | Advertising and Marketing Expenses | 0.37 |
| 5 | Statutory Expenses | 0.15 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹35.00 |
| Open | ₹36.90 |
| Low | ₹36.00 |
| High | ₹42.00 |
| Last Trade | ₹42.00 |
Lead Manager Reports
Siddharth Education IPO is a SME IPO of 31,08,000 equity shares of the face value of ₹10 aggregating up to ₹11 Crores. The issue is priced at ₹35 per share. The minimum order quantity is 4000.
The IPO opens on Fri, Sep 29, 2017, and closes on Thu, Oct 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 Fri, Sep 29, 2017 and closes on Thu, Oct 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 Thu, Oct 12, 2017.
