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Sylph Education Solutions IPO is a fixed price issue of ₹4.80 crores. The issue is entirely a fresh issue of 0.40 crore shares of ₹4.80 crore.
Sylph Education Solutions IPO bidding started from Feb 10, 2016 and ended on Feb 15, 2016. The shares got listed on BSE SME on Feb 23, 2016.
Sylph Education Solutions IPO price is ₹12.00 per share . The lot size for an application is 10,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (10000 shares). The minimum lot size investment for HNI is 2 lots (20,000 shares), amounting to ₹2,40,000.
Corporate Strategic Allianz Ltd. is the book running lead manager and Purva Sharegistry (India) Pvt.Ltd. is the registrar of the issue. The market maker of the company is NNM Securities Pvt.Ltd..
Refer to Sylph Education Solutions IPO RHP for detailed Information.
| IPO Date | February 10, 2016 to February 15, 2016 |
| Listing Date | February 23, 2016 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹12 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 40,00,000 shares (aggregating up to ₹4.80 Cr) |
| Reserved for Market Maker | 2,00,000 shares NNM Securities Pvt.Ltd. (aggregating up to ₹0.2400 Cr) |
| Net Offered to Public | 38,00,000 shares (aggregating up to ₹4.56 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,10,00,000 shares |
| Share Holding Post Issue | 1,50,00,000 shares |
Sylph Education IPO offers total 40,00,000 shares. Out of which 19,00,000 (47.50%) allocated to NII, 19,00,000 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,00,000 (5.00%) |
| NII (HNI) Shares Offered | 19,00,000 (47.50%) |
| Retail Shares Offered | 19,00,000 (47.50%) |
| Total Shares Offered | 40,00,000 (100.00%) |
Sylph Education Solutions IPO opens on February 10, 2016, and closes on February 15, 2016.
| IPO Open Date | Wed, Feb 10, 2016 |
| IPO Close Date | Mon, Feb 15, 2016 |
| Tentative Listing Date | Tue, Feb 23, 2016 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Feb 15, 2016 |
Investors can bid for a minimum of 10,000 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 | 10,000 | ₹1,20,000 |
| Retail (Max) | 1 | 10,000 | ₹1,20,000 |
| HNI (Min) | 2 | 20,000 | ₹2,40,000 |
Incorporated in 2010, Sylph Education Solutions (SES) is engaged in providing educational services in the field of information technology (I.T) which is comprises of providing basic IT training at two centers namely "Little Wonder", a primary school and "IT Gurus".
The company is tutoring basic computer knowledge, internet, surfing, computer courses like Microsoft office, accounting and financial management, inventory management, statutory capabilities, tally.net capabilities, accounting courses like tally, various computer languages i.e C++,.Net, Java and Oracle, communication and soft skills etc. Its revenue comprises of sale of software, skill development fees, services provided to school and interest income. However, at present company is not providing services to the school.
The Company Sylph Education Solutions 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 | To set up two new centers for establishment of Projects for Skill Development | 3.30 |
| 2 | General corporate purpose | 1.00 |
| 3 | Meet the issue expenses | 0.50 |
[Dilip Davda] <p><strong>Considering track record of performance and aggressive pricing, there is no harm giving this expensive offer a miss.</strong></p> Read detail review...
| Listing Date | February 23, 2016 |
| BSE Script Code | 539682 |
| NSE Symbol | |
| ISIN | INE622Q01019 |
| Final Issue Price | ₹12 per share |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹12.00 |
| Open | ₹11.70 |
| Low | ₹11.40 |
| High | ₹11.70 |
| Last Trade | ₹11.40 |
Sylph Education Solutions Ltd.
ST 4,
22 Press Complex,
A. B. Road,
Indore, Madhya Pradesh, 452008
Phone: +91-731-2571451-52
Email: info@sylphedu.com
Website: http://www.sylphedu.com
Purva Sharegistry (India) Pvt.Ltd.
Phone: +91-022-23018261/ 23016761
Email: busicomp@vsnl.com
Website: https://www.purvashare.com/investor-service/ipo-query
Sylph Education Solutions IPO is a SME IPO of 40,00,000 equity shares of the face value of ₹10 aggregating up to ₹4.80 Crores. The issue is priced at ₹12 per share. The minimum order quantity is 10000.
The IPO opens on February 10, 2016, and closes on February 15, 2016.
Purva Sharegistry (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 Sylph Education Solutions IPO using UPI as a payment gateway. Zerodha customers can apply in Sylph Education Solutions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sylph Education Solutions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sylph Education Solutions IPO opens on February 10, 2016 and closes on February 15, 2016.
Sylph Education Solutions IPO lot size is 10000, and the minimum amount required for application is ₹1,20,000.
You can apply in Sylph Education Solutions 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 Sylph Education Solutions IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Sylph Education Solutions IPO allotment status.
The Sylph Education Solutions IPO listing date is on Tuesday, February 23, 2016.
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