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Birla Shloka Edutech Limited FPO (Birla Shloka FPO) Detail

January 11, 2010 - January 13, 2010

Birla Shloka FPO is a book built issue of Rs 24.78 crores.

Birla Shloka FPO bidding started from January 11, 2010 and ended on January 13, 2010. The shares got listed on BSE on January 29, 2010.

Birla Shloka FPO price band is set at ₹45 to ₹50 per share. The minimum lot size for an application is 120 Shares. The minimum amount of investment required by retail investors is ₹6,000.

Ashika Capital Ltd is the book running lead manager of the Birla Shloka FPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Birla Shloka FPO RHP for detailed information.

Birla Shloka FPO Details

IPO Date January 11, 2010 to January 13, 2010
Listing Date January 29, 2010
Face Value ₹10 per share
Price Band ₹45 to ₹50 per share
Lot Size 120 Shares
Total Issue Size6,955,000 shares
(aggregating up to ₹24.78 Cr)
Issue Type Book Built Issue FPO
Listing At BSE
Share holding pre issue5,998,600
Share holding post issue12,953,600

Birla Shloka FPO Reservation

Birla Shloka FPO offers 6,616,670 shares. 3,308,335 (50.00%) to QIB, 992,500 (15.00%) to NII, 2,315,835 (35.00%) to RII. 19,298 RIIs will receive minimum 120 shares and (sNII) and (bNII) will receive minimum 4,080 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered3,308,335 (50.00%)NA
NII (HNI) Shares Offered992,500 (15.00%)
Retail Shares Offered2,315,835 (35.00%)19,298
Total Shares Offered6,616,670 (100%)

Birla Shloka FPO Lot Size

Investors can bid for a minimum of 120 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) 1 120 ₹6,000
Retail (Max) 33 3960 ₹198,000
Lot Size Calculator

Birla Shloka FPO Promoter Holding

Share Holding Pre Issue 56.67%
Share Holding Post Issue 33.96%

About Birla Shloka Edutech Limited

Incorporated in 1992, Birla Shloka Edutech Ltd is a Yash Birla Group Company in educational arena. Birla Shloka Edutech provides educational services through reliable, budget friendly and ethical approaches.

Birla Shloka Edutech Ltd. Presently provides end to end solutions in sales and services of various educational products to various educational institutes and government organisations.

The services provided by the company includes ICT and Multimedia in Private Schools, ICT solutions in government schools, Hardware, equipments and Software Product Sale.

The Equity Shares of the Company are presently listed on BSE, CSE and ASE and the shares issued through this FPO are proposed to be listed on all of these exchanges.

BSE Code: 511607
BSE Script ID: BIRSHLEDU

Current Price: 56.85 (07 Jan 09)
52 Weeks High: 90.30 (10 Sep 09)
52 Weeks Low: 19.05 (2 Feb 09)

Key Performance Indicator

Objects of the Issue (Birla Shloka FPO Objectives)

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:

1. Capital expenditure for Turnkey Projects executed by the company under the BOOT model
2. Capital expenditure on upgradation of infrastructure and content development for XL@School
3. Funding the proposed M&A activities
4. To meet the Working Capital requirements
5. Meeting the Public Issue Expenses


Birla Shloka FPO Subscription Status (Bidding Detail)

The Birla Shloka FPO is subscribed 1.43 times on January 13, 2010 5:00:00 PM. The public issue subscribed 1.76 times in the retail category, 0.00 times in the QIB category, and 5.45 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB0.00
NII5.45
Retail1.76
Total1.43

Birla Shloka FPO Prospectus

Birla Shloka FPO Rating

74
3.3
Rating:Rated 3.3 stars
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Birla Shloka FPO Listing Details

Listing Date January 29, 2010
BSE Script Code 511607
NSE Symbol
ISIN INE814E01018
Final Issue Price ₹50 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹50.00
₹49.00
₹46.15
₹51.40
₹50.00

Check IPO Performance…

Birla Shloka Edutech Limited Contact Details

Birla Shloka Edutech Limited
Industry House, 5th Floor,
159, Churchgate Reclamation,
Mumbai 400 020
Phone: +91-22-2202 6340
Email: fpo@birlashloka.com
Website: http://www.birlashloka.com

Birla Shloka FPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: bigshare@bom7.vsnl.net.in
Website: https://ipo.bigshareonline.com/ipo_status.html

Birla Shloka FPO - Buy or Not

Birla Shloka FPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 1
Members 0 0 0

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Birla Shloka FPO FAQs

Birla Shloka FPO is a main-board FPO of 6,955,000 equity shares of the face value of ₹10 aggregating up to ₹24.78 Crores. The issue is priced at ₹45 to ₹50 per share. The minimum order quantity is 120 Shares.

The FPO opens on January 11, 2010, and closes on January 13, 2010.

Bigshare Services Pvt Ltd is the registrar for the FPO. The shares are proposed to be listed on BSE.

The Birla Shloka FPO opens on January 11, 2010 and closes on January 13, 2010.

Birla Shloka FPO lot size is 120 Shares, and the minimum amount required is ₹6,000.

You can apply in Birla Shloka FPO 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 Birla Shloka FPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Birla Shloka FPO allotment status.

The Birla Shloka FPO listing date is on January 29, 2010.
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Birla Shloka FPO Message Board

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39 Comments

39. gem ipo finder |   Link |  Bookmark |March 13, 2010 11:27:51 PM
mr narshimhan

u r trying to say that u did very good by applying in this co u dont know anything about value & secure investing my frend if u can apply in this co be rest asure that u are one of the gatiya ipo investor of our era
u must know that this YASH BIRLA co projects itself as EDUCOMP but in real trades at second hand computesr parts.
one day tumhara bada ............ marayega
38. N.NARASIMHAN |   Link |  Bookmark |March 13, 2010 11:11:02 PM
13th March 2010.

BIRLA SHLOKA - ANOTHER CASE OF “EXPERTS” BEING WRONG!

Tulsyan and some other “experts” on IPO and matters concerning listed stocks unequivocally advised investors against subscribing to the recent Birla Shloka IPO. Tulsyan even imputed the ulterior motive of the promoters wanting to rake in investors’ money using the mirage of computer education!

I chose to ignore such comments or advice and chose to apply for 1080 shares @ Rs.50/-. Thanks to thus depressed sentiments on this stock when the IPO drew to a close, retail portion was undersubscribed which resulted in my getting the full quantity I had applied for!

The stock has been witnessing value appreciation in the past few days and closed @ Rs.62/- on this week’s last trading day (12th March 2010), an appreciation of 24%!

Investors, especially retail investors, must realize that investing in the stock market, including investing in IPOs, involves risk and is not for the weak hearted. I have found many times, that ignoring “expert” advice and coming to investment decisions based on my own analysis, is more often the correct thing to do. Since I am investing my own money, (and not that of any “expert”) it is an obligation I impose on myself to be clear in my mind why I am either buying into a stock, or increasing my holding in a stock, or am getting out of a stock You cannot be a winner all the time nor can you be a loser all the time, but if you average out to be positive in a given time frame, you are on the right track.

This applies not merely to you and me, but even to God Himself, if He were to invest in stocks, anywhere in the world!

Investment experts and astrologers are two sides of the same coin. If things turn out as they have forecast, they will cry from house tops how right their analysis or prediction has been, and if things go wrong (more often that is the case), they go into hiding or hope you have forgotten what they said.

.
37. Jagdish Prasad Sharma |   Link |  Bookmark |February 7, 2010 12:08:56 PM
It will give 10% profit within one week.
36. Srini |   Link |  Bookmark |February 3, 2010 9:06:59 PM
Today it hit upper circuit of 10%, now what people will say who told not to apply.
35. ipo king |   Link |  Bookmark |February 3, 2010 11:51:24 AM
26-blog me hum ne kaha tha dekh lo must be subscribe,
aur aaj dekho 53.45----10% up hai,
invester make lots of money.....
34. Julious |   Link |  Bookmark |January 29, 2010 6:39:38 PM
Cleared. at 1% gain from which the brokerage will go. No time to waste.
33. rama |   Link |  Bookmark |January 28, 2010 9:41:11 AM
Spending time on tracking this stock is simply waste of time!!!
32. IPO |   Link |  Bookmark |January 27, 2010 4:57:51 PM
Hi, Allotment status in now online. Check on bigshare Site. Allotmenht status of Infinite is also avaiiable on Bigshare.
31. Julious |   Link |  Bookmark |January 27, 2010 1:40:01 PM
Looks like 100% alloted. The complete money blocked through bank is taken.
30. Rama |   Link |  Bookmark |January 24, 2010 8:47:16 AM
Those of you who have applied for birla shloka, book your profit on listing.

Discl: I have not applied for this FPO.
29. Akshat Shah |   Link |  Bookmark |January 23, 2010 3:14:56 PM
Boss ye issue Discount me to kab ka chala gaya he.
28. IPO KING |   Link |  Bookmark |January 20, 2010 5:18:42 PM
27. rama Jan 16, 2010 1:31:10 PM IST Report Spam!
This looks like a very good FPO.
This will be remembred as FPO of this year 2010!!!


It will be remembered but negatively.
27. rama |   Link |  Bookmark |January 16, 2010 1:31:10 PM
This looks like a very good FPO.
This will be remembred as FPO of this year 2010!!!
26. ipo king |   Link |  Bookmark |January 13, 2010 5:45:12 PM
must be subscribe in this ipo,
B'coz you make lots of money in this ipo.........
25. manoj |   Link |  Bookmark |January 13, 2010 1:15:13 PM
Anyone know how to apply Birla FPO through ICICI direct ?Could not see its option however Infinite option is availble.
24. Julious |   Link |  Bookmark |January 12, 2010 10:15:49 PM
Does any Credit card company allows you to apply for IPO using the card
23. Ravi, Bangalore |   Link |  Bookmark |January 12, 2010 3:09:22 PM
BACK TO SCHOOL

This is further to Post No. 12.

Fair value seen less than Rs.35. Valuation look expensive given its small operation.

The size of the company is much small. The large dilution in equity will mean that EPS will take time to reach meaningful levels. The upside from the IPO given the above factors is limited and the risk reward ratio is not favourable, unless the shares are issued at the lower band of Rs.45 and the market price does not dip below that level by that time.

TECHNICAL OUTLOOK

The stock closed at Rs.57.25 (52 week high Rs. 90.30 low Rs. 19.05).

If closes above 59, target 62-64 zone, 66-69 zone or even 72+. Support 56-57 range. Stop-loss 53.

FPO investors make profit only if stays above issue price of 50 at the time of listing (during arrival of fresh supply of new shares).
22. IMRAN |   Link |  Bookmark |January 11, 2010 10:43:20 PM
I am Avoid This FPO Yesh birla group not much better then outhers we can get more chance in more IPO's so wait for good IOP we can subscrib inifinite Ipo for Good listing gain i hope its better then Birla ....
21. Akshat Shah |   Link |  Bookmark |January 11, 2010 10:37:33 PM
2day's Closing Price is 58.
20. Nandkishore jethani |   Link |  Bookmark |January 11, 2010 2:43:33 PM
i want to invest in birla shloka education FPO. I want to know the form availibility of this FPO