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Humming Bird Education ipo is a fixed price issue of Rs 2.15 crores.
Humming Bird Education ipo bidding started from March 15, 2019 and ended on March 19, 2019. The allotment for Humming Bird Education ipo was finalized on Monday, March 25, 2019. The shares got listed on BSE SME on March 28, 2019.
Humming Bird Education ipo price is ₹132 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹132,000.
Share India Capital Services Private Limited is the book running lead manager of the Humming Bird Education ipo, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Humming Bird Education ipo RHP for detailed information.
| IPO Date | March 15, 2019 to March 19, 2019 |
| Listing Date | March 28, 2019 |
| Face Value | ₹10 per share |
| Price | ₹132 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 163,000 shares (aggregating up to ₹2.15 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 450,000 |
| Share holding post issue | 613,000 |
| Market Maker portion | 9,000 shares |
Humming Bird Education ipo offers 163,000 shares. 77,000 (47.24%) to NII, 77,000 (47.24%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 9,000 (5.52%) |
| Other Shares Offered | 77,000 (47.24%) |
| Retail Shares Offered | 77,000 (47.24%) |
| Total Shares Offered | 163,000 (100%) |
Humming Bird Education ipo opens on March 15, 2019, and closes on March 19, 2019.
| IPO Open Date | Friday, March 15, 2019 |
| IPO Close Date | Tuesday, March 19, 2019 |
| Basis of Allotment | Monday, March 25, 2019 |
| Initiation of Refunds | Tuesday, March 26, 2019 |
| Credit of Shares to Demat | Wednesday, March 27, 2019 |
| Listing Date | Thursday, March 28, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 19, 2019 |
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 | ₹132,000 |
| Retail (Max) | 1 | 1000 | ₹132,000 |
| Lot Size Calculator | |||
The Individual Promoters of the Company are:
1. Mr Nitesh Jain
2. Mr Narender Kumar Jain
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 75% |
Incorporated in 2010, Humming Bird Education is a Delhi based company involved in the business related to education. The company organizes Olympiad, a competitive examination where students are evaluated and their academic performance is ranked relative to their peer group.
Humming Bird Education uses factual, conceptual, reasoning, logical, analytical and problem-solving skills to help students better understand their strengths and weaknesses. The company provides study material, free mobile app, performance analysis report for all participants.
The Olympiad results also give an opportunity for schools to analyze the performance of their teachers with the help of deep insight provided.
Humming Bird Education is an asset-light and centrally managed company.
Products Offered
1. Humming Bird Talent Search Examination (HBTSE) - A Mathematics & Science Olympiad for Class 1 to 12
2. Humming Bird Commerce Competency Olympiad (HCC) - A commerce Olympiad that includes Accounts, Business Studies, and Economics for Classes 11 & 12.
3. Humming Bird Cyber Olympiad (HCO) - A Computer Olympiad for Class 1 to 12.
4. Humming Bird English Olympiad (HEO) - An English Olympiad for Class 1 to 12.
5. Humming Bird G.K. Olympiad (HGO) - A General Knowledge Olympiad for Class 1 to 12.
6. Humming Bird Hindi Olympiad (HHO) - A Hindi Olympiad for Class 1 to 12.
7. Humming Bird Math + Computer + English + Combined Olympiad (MCSE) - Olympiad that includes Mathematics, Computer, Science & English for Class 1 to 12.
8. Humming Bird MULTIPLE INTELLIGENCE TEST (HMIT) - MULTIPLE INTELLIGENCE TEST for Class 1 to 12. This Test includes questions on Mathematics, G.K., Science, English and Multiple Intelligence.
9. Humming Bird Mathematics Olympiad (HMO) - A Mathematics Olympiad for Class 1 to 12. The HMO is also available in ENGLISH MEDIUM, TAMIL MEDIUM and HINDI MEDIUM.
10. Humming Bird Science Olympiad (HSO) - A Science Olympiad for Class 1 to 12. The HSO is also available in ENGLISH MEDIUM, TAMIL MEDIUM and HINDI MEDIUM.
11. Problem Solving Olympiad (PSO) - A Problem Solving Olympiad for Class 3 to 12.
12. SPELL BEE - A Spelling Competition for Class 1 to 12.
For the Fiscal years ended on March 31, 2018, March 31, 2017, and March 31, 2016, the company's gross revenue stood at Rs. 117.09 Lakhs, Rs. 93.70 Lakhs and Rs. 51.56 Lakhs respectively. Further, its PAT for the Fiscal years ended on March 31, 2018, March 31, 2017, and March 31, 2016, stood at Rs. 10.57 Lakhs, Rs. 4.46 Lakhs and Rs. 0.78 Lakhs respectively.
| Particulars | For the year/period ended (in Rs. Lakhs) | ||||
|---|---|---|---|---|---|
| 30-Nov-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | ||
| Total Assets | 102.37 | 29.32 | 36.75 | 18.05 | |
| Total Revenue | 108.65 | 117.09 | 93.70 | 51.56 | |
| Profit After Tax | 36.78 | 10.57 | 4.46 | 0.78 | |
Objects of the Fresh Issue are:
1. To part finance working capital requirements of the Company;
2. To meet General corporate purposes;
3. To meet the expenses of the Issue.
[Dilip Davda]
This is a very tiny IPO from the education sector that has seen many ups and downs in the recent past. Company's financial data is minuscule and valuation based on the latest super earnings appears fully priced. However, it will take a longer time for migration to the main board considering current paid-up equity. Hence cash surplus risk savvy investors may consider it for the long term at their own risk.
Read detail review...The Humming Bird Education ipo is subscribed 1.42 times on March 19, 2019 6:50:02 PM. The public issue subscribed 0.91 times in the retail category, times in the QIB category, and 1.90 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.90 |
| Retail | 0.91 |
| Total | 1.42 |
| Listing Date | March 28, 2019 |
| BSE Script Code | 542592 |
| NSE Symbol | |
| ISIN | INE02PC01019 |
| Final Issue Price | ₹132 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹132.00 |
| ₹132.00 |
| ₹132.00 |
| ₹138.55 |
| ₹132.00 |
Humming Bird Education Limited
1374-1375, 2nd Floor
Katra Lehswan, Chandni Chowk
Delhi-110006
Phone: +91-011-47096144
Email: info@hummingbirdeducation.com
Website: https://www.hummingbirdeducation.com
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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Humming Bird Education ipo is a SME IPO of 163,000 equity shares of the face value of ₹10 aggregating up to ₹2.15 Crores. The issue is priced at ₹132 per share. The minimum order quantity is 1000 Shares.
The IPO opens on March 15, 2019, and closes on March 19, 2019.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Humming Bird Education ipo opens on March 15, 2019 and closes on March 19, 2019.
Humming Bird Education ipo lot size is 1000 Shares, and the minimum amount required is ₹132,000.
You can apply in Humming Bird 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 Humming Bird Education ipo will be done on Monday, March 25, 2019, and the allotted shares will be credited to your demat account by Wednesday, March 27, 2019. Check the Humming Bird Education ipo allotment status.
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