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Global Education IPO is a fixed price issue of Rs 10.25 crores.
Global Education IPO bidding started from February 16, 2017 and ended on February 21, 2017. The shares got listed on NSE SME on March 2, 2017.
Global Education IPO price is ₹150 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹150,000.
Hem Securities Limited is the book running lead manager of the Global Education IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Global Education IPO RHP for detailed information.
| IPO Date | February 16, 2017 to February 21, 2017 |
| Listing Date | March 2, 2017 |
| Face Value | ₹10 per share |
| Price | ₹150 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 683,000 shares (aggregating up to ₹10.25 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹150,000 |
| Retail (Max) | 1 | 1000 | ₹150,000 |
| Lot Size Calculator | |||
Global Education Ltd (GEL) is currently engaged in providing professional training and skill developments to corporate, teachers and students for human capital development and other various business support services to education institutions, students, corporate and banks. Its client primarily includes universities, schools and colleges wherein it provides training to teachers, principals, students and parents. The company also provides training to top and middle level managers, supervisors and executives of various corporates.
The Objects of the Issue are:
1. To Meet working capital requirement;
2. To meet the Issue Expenses; and
3. To meet General corporate purpose
[Dilip Davda] Investors having cash surplus may consider investment in this issue for medium to long term. Read detail review...
| Sr. No | Category | No of shares bid for |
|---|---|---|
| 1 | Qualified Institutional Buyers(QIBs) | 1,38,000 |
| 1(a) | Foreign Institutional Investors(FIIs) | 0 |
| 1(b) | Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) | 4,000 |
| 1(c) | Mutual funds | 0 |
| 1(d) | Others | 1,34,000 |
| 2 | Non Institutional Investors | 1,85,70,000 |
| 2(a) | Corporates | 22,74,000 |
| 2(b) | Individuals(Other than RIIs) | 1,59,81,000 |
| 2(c) | Others | 3,15,000 |
| 3 | Retail Individual Investors(RIIs) | 3,74,67,000 |
| 3(a) | Cut Off | 1,35,51,000 |
| 3(b) | Price bids | 2,39,16,000 |
| Total | 5,61,75,000 |
| Listing Date | March 2, 2017 |
| BSE Script Code | |
| NSE Symbol | GLOBAL |
| ISIN | INE291W01011 |
| Final Issue Price | ₹150 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹150.00 |
| ₹180.00 |
| ₹180.00 |
| ₹180.00 |
| ₹180.00 |
Global Education Ltd
4th Floor, Usha Complex,
345, Kingsway,
Nagpur - 440 001
Phone: +91 22 4924 2584
Email: investorinfo@globaledu.net.in
Website: http://globaledu.net.in/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Global Education IPO is a SME IPO of 683,000 equity shares of the face value of ₹10 aggregating up to ₹10.25 Crores. The issue is priced at ₹150 per share. The minimum order quantity is 1000 Shares.
The IPO opens on February 16, 2017, and closes on February 21, 2017.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Global Education IPO opens on February 16, 2017 and closes on February 21, 2017.
Global Education IPO lot size is 1000 Shares, and the minimum amount required is ₹150,000.
You can apply in Global Education IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Global Education IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Global Education IPO allotment status.
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