Fixed Price IPO | ₹5 Cr | Listed at BSE SME | Wed, Feb 10, 2016 - Mon, Feb 15, 2016
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Feb 10, 2016
IPO Close
Mon, Feb 15, 2016
Issue Price
₹12 per share
Market Cap (Pre-IPO)
₹18.00 Cr
| IPO Date | 10 to 15 Feb, 2016 |
| Listed on | Tue, Feb 23, 2016 |
| Face Value | ₹10 per share |
| Issue Price | ₹12 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 40,00,000 shares (agg. up to ₹5 Cr) |
| Reserved for Market Maker | 2,00,000 shares NNM Securities Pvt.Ltd. (agg. up to ₹0.2400 Cr) |
| Fresh Issue (Ex Market Maker) | 38,00,000 shares (agg. up to ₹5 Cr) |
| Net Offered to Public | 38,00,000 shares (agg. up to ₹5 Cr) |
| Share Holding Pre Issue | 1,10,00,000 shares |
| Share Holding Post Issue | 1,50,00,000 shares |
| BSE Script Code | 539682 |
| ISIN | INE622Q01019 |
Sylph Education Solutions IPO comprises a total issue size of 40,00,000 shares. The net offer to the public is 38,00,000 shares, after excluding 2,00,000 shares allotted on a firm basis. Of the Net offer 19,00,000 (50.00%) allocated to NII 19,00,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 19,00,000 | 50.00% | 47.50% |
| Retail Shares Offered | 19,00,000 | 50.00% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,00,000 | 5.00% | |
| Total Shares Offered | 40,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 10,000 shares and in multiples thereof.
| 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.
| 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 | 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 |
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 | Payment to Merchant Banker including fees and reimbursements of Market Making Fees, selling commissions, brokerages, payment to other intermediaries such as Legal Advisors, Registrars, Bankers etc and other out of pocket expenses. | 0.25 |
| 2 | Printing and distribution of issue stationery | 0.05 |
| 3 | Advertising and marketing expenses | 0.05 |
| 4 | Regulatory fees and expenses | 0.05 |
| 5 | Other Expenses | 0.10 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹12.00 |
| Open | ₹11.70 |
| Low | ₹11.40 |
| High | ₹11.70 |
| Last Trade | ₹11.40 |
Purva Sharegistry (India) Pvt.Ltd.
Lead Manager Reports
Sylph Education Solutions IPO is a SME IPO of 40,00,000 equity shares of the face value of ₹10 aggregating up to ₹5 Crores. The issue is priced at ₹12 per share. The minimum order quantity is 10000.
The IPO opens on Wed, Feb 10, 2016, and closes on Mon, Feb 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 Wed, Feb 10, 2016 and closes on Mon, Feb 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 Tue, Feb 23, 2016.
