Keerti Knowledge And Skills Ltd IPO (Keerti Knowledge IPO) Detail

July 24, 2017 - July 28, 2017

Keerti Knowledge IPO is a fixed price issue of Rs 4.06 crores.

Keerti Knowledge IPO bidding started from July 24, 2017 and ended on July 28, 2017. The shares got listed on NSE SME on August 7, 2017.

Keerti Knowledge IPO price is ₹52 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹104,000.

Navigant Corporate Advisors Ltd is the book running lead manager of the Keerti Knowledge IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Keerti Knowledge IPO RHP for detailed information.

Keerti Knowledge IPO Details

IPO Date	July 24, 2017 to July 28, 2017
Listing Date	August 7, 2017
Face Value	₹10 per share
Price	₹52 per share
Lot Size	2000 Shares
Total Issue Size	780,000 shares (aggregating up to ₹4.06 Cr)
Issue Type	Fixed Price Issue IPO
Listing At	NSE SME
Share holding pre issue	2,106,806
Share holding post issue	2,886,806

Keerti Knowledge IPO Reservation

Keerti Knowledge IPO offers 780,000 shares. 390,000 (50.00%) to NII, 390,000 (50.00%) to RII.

Investor Category	Shares Offered
Anchor Investor Shares Offered	-
Market Maker Shares Offered	-	-
Other Shares Offered	390,000 (50.00%)
Retail Shares Offered	390,000 (50.00%)
Total Shares Offered	780,000 (100%)

Keerti Knowledge IPO Lot Size

Investors can bid for a minimum of 2000 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	2000	₹104,000
Retail (Max)	1	2000	₹104,000
Lot Size Calculator

About Keerti Knowledge And Skills Ltd

Incorporated in 1999, Keerti Knowledge and Skills Ltd works as an information technology training company in India. They are one of the largest IT training institutes in Mumbai & Thane region that trains youth and students in multiple segments of Information Technology.

They provide tutoring of basic computer knowledge, Internet, surfing, and computer courses including Microsoft office, accounting and financial management, inventory management, statutory capabilities, and tally.net capabilities; accounting courses, such as tally; and various computer languages comprising C++,.Net, Java and Oracle, communication and soft skills, etc.

Keerti Knowledge has expanded business through its two subsidiary Companies i.e. Keerti Institute India Private Ltd and Keerti Tutorials India Private Ltd and KKSL has vide Business Transfer Agreement dated 2nd April, 2015 transferred its business of IT education sector which is on franchise basis to the Keerti Institute India Private Limited (KIIPL) for advancement and to rationalize the future growth of franchise business in IT education sector in future along with authorization of Maharashtra Knowledge Corporate Limited (MKCL)to conduct MKCL’s Courses. Thereafter, KIIPL entered into 90 afresh franchisees Agreements at various locations in Mumbai and Thane. The core activity of KKSL includes Training and Placement, State and Central Government programs and High End Technical programs.

Objects of the Issue (Keerti Knowledge IPO Objectives)

The object of the issue are:

1. To Expand Company Owned and Company Operated (COCO) Centers through their wholly owned subsidiaries i.e. Keerti Institute India Private Limited (KIIPL) and Keerti Tutorials India Private Limited (KTIPL);
2. To Develop E- Applications and E Programs;
3. Developing an end to end software/ Portal for Recruitment, Training and Placement;
4. General corporate purposes.

Keerti Knowledge IPO Review (May apply)

[Dilip Davda] Issue is fully priced; only risk savvy cash surplus investors may consider it for long term. Read detail review...

Keerti Knowledge IPO Subscription Status (Bidding Detail)

The Keerti Knowledge IPO is subscribed times on July 28, 2017 5:00:00 PM. The public issue subscribed times in the retail category, times in the QIB category, and times in the NII category. Check Day by Day Subscription Details (Live Status)

Category	Subscription (times)
Other
Retail
Total

Keerti Knowledge IPO Prospectus

› Keerti Knowledge IPO DRHP
› Keerti Knowledge IPO RHP

Keerti Knowledge IPO Rating

3.0

Rating:

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Keerti Knowledge IPO Listing Details

Listing Date	August 7, 2017
BSE Script Code
NSE Symbol	GTECJAINX
ISIN	INE586X01012
Final Issue Price	₹52 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade

NSE SME
₹52.00
₹51.00
₹49.00
₹52.40
₹51.25

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Keerti Knowledge And Skills Ltd Contact Details

Keerti Knowledge And Skills Ltd
65/2823, Ashadeep CHS Ltd,
Gandhi Nagar, Near MIG Cricket Club,
Bandra (East) Mumbai – 400051
Phone: +91-22-26550480
Email: support@keerti.org
Website: http://www.keerti.org

Keerti Knowledge IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: keerti.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html

Keerti Knowledge IPO - Buy or Not

Keerti Knowledge IPO Recommendation Summary

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

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Keerti Knowledge IPO Lead Manager(s)

Navigant Corporate Advisors Ltd (Past IPO Performance)

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Keerti Knowledge IPO FAQs

Keerti Knowledge IPO is a SME IPO of 780,000 equity shares of the face value of ₹10 aggregating up to ₹4.06 Crores. The issue is priced at ₹52 per share. The minimum order quantity is 2000 Shares.

The IPO opens on July 24, 2017, and closes on July 28, 2017.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

The Keerti Knowledge IPO opens on July 24, 2017 and closes on July 28, 2017.

Keerti Knowledge IPO lot size is 2000 Shares, and the minimum amount required is ₹104,000.

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

The Keerti Knowledge IPO listing date is on August 7, 2017.

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Keerti Knowledge IPO Message Board

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16 Comments

Stock Discussion

15. Devendra Chhajer | Link | Bookmark |August 9, 2017 5:26:34 PM

should i hold keerti knowledge and skills lts ?

14. Regan | Link | Bookmark |August 2, 2017 10:54:08 PM

Allotment is out

13. Umang ahd | Link | Bookmark |August 2, 2017 4:02:21 PM

Company has more than 70 branches, if minimum income is 10000/- p.a is considered, then also it will show profit of 70 Lacs from one subsidery,
This is very good stock which is already in ZERO DEBT, . It will stay in upper circuit for 2-3 days after listing...

12. ~~STOCKT~~ | Link | Bookmark |July 30, 2017 1:59:33 PM

FAIR VALUE NOT MORE THAN 30 RS

11. Prabhakaran Kuppusamy | Link | Bookmark |July 24, 2017 7:32:09 PM (400+ Posts, 300+ Likes)

Pros:
Zero debt (debt free from this fiscal)
Cash-flow is fairly positive

Cons:
ROE and ROCE is very poor (after debt reduction)
There was a set back in FY16 which brought down its sales (and above ROE/ROCE)
Business has contracted and the workforce has been reduced tremendously in FY16
PB of 4

As per FY16 numbers, it''s a clear AVOID.
Looking at partial FY17 numbers, it''s still NEUTRAL only.
So, I prefer to stay away from Keerti

10. Prabhakaran Kuppusamy | Link | Bookmark |July 24, 2017 7:23:19 PM (400+ Posts, 300+ Likes)

Key operating ratios

Year end      Mar 16      Mar 15      Mar 14      Mar 13      Mar 12
EPS(Rs)      1.92      6.51      5.04      4.75      5.09
Book value(Rs)      36.53      34.61      28.10      23.07      18.32
CEPS(Rs)      4.13      7.83      6.30      6.52      6.52
NPM(%)      14.06      14.08      12.11      11.96      11.06
OPM(%)      35.94      23.94      22.63      22.83      18.43
ROCE(%)      7.90      31.51      28.57      31.92      37.63
ROE(%)      5.47      20.69      19.41      22.92      28.24
Debt/equity      -      0.01      0.06      0.11      0.09
Interest cover      -      23.00      18.00      34.00      35.00

9. Prabhakaran Kuppusamy | Link | Bookmark |July 24, 2017 7:23:02 PM (400+ Posts, 300+ Likes)

Cash flow analysis (Rs.in Crs.)
Year end      Mar 16      Mar 15      Mar 14      Mar 13      Mar 12
NOPAT      0.09      0.31      0.24      0.23      0.25
Operating cash flow      0.26      0.07      0.06      0.58      0.25
Free cash flow      0.27      0.16      0.08      1.36      0.39

8. Prabhakaran Kuppusamy | Link | Bookmark |July 24, 2017 7:22:43 PM (400+ Posts, 300+ Likes)

Key financials (Rs.in Crs.)
Year end      Mar 16      Mar 15      Mar 14      Mar 13      Mar 12
Net sales      0.64      2.13      1.90      1.84      2.17
Operating profit      0.23      0.51      0.43      0.42      0.40
Net profit      0.09      0.30      0.23      0.22      0.24
Equity cap pd      0.46      0.46      0.46      0.46      0.46

7. Prabhakaran Kuppusamy | Link | Bookmark |July 24, 2017 7:22:22 PM (400+ Posts, 300+ Likes)

Variance (Half Yearly)
Year      201603      201503      Var(%)
Type      Full Year      Full Year
Sales Turnover      0.64      2.13      -69.95
Other Income      0.00      0.02      N.A.
Total Income      0.64      2.15      -70.23
Total Expenditure      0.41      1.64      -75.00
Operating Profit      0.23      0.51      -54.90
Interest      0.00      0.02      N.A.
Gross Profit      0.23      0.49      -53.06
Depreciation      0.10      0.06      66.67
Tax      0.06      0.14      -57.14
Reported PAT      0.09      0.30      -70.00
Dividend (%)      0.00      0.00      N.A.

6. Prabhakaran Kuppusamy | Link | Bookmark |July 24, 2017 7:21:51 PM (400+ Posts, 300+ Likes)

P & L Account(Rs.in Crs.)

Year      Mar 16      Mar 15      Mar 14      Mar 13      Mar 12
Sales Turnover      0.64      2.13      1.90      1.84      2.17
Other Income      0.00      0.02      0.00      0.00      0.01
Stock Adjustments      0.00      0.00      0.00      0.00      0.00
Total Income      0.64      2.15      1.90      1.84      2.18
Raw Materials      0.00      0.00      0.00      0.00      0.00
Excise Duty      0.00      0.00      0.00      0.00      0.00
Power & Fuel Cost      0.01      0.02      0.02      0.02      0.01
Other Manufacturing Expenses      0.00      0.00      0.00      0.00      0.00
Employee Cost      0.09      0.57      0.51      0.41      0.47
Selling and Administration Expenses      0.31      1.04      0.94      0.98      1.22
Miscellaneous Expenses      0.00      0.00      0.00      0.00      0.09
Less: Preoperative Expenditure Capitalised      0.00      0.00      0.00      0.00      0.00
Profit before Interest, Depreciation & Tax      0.23      0.51      0.43      0.42      0.40
Interest & Financial Charges      0.00      0.02      0.02      0.01      0.01
Profit before Depreciation & Tax      0.23      0.49      0.41      0.41      0.39
Depreciation      0.10      0.06      0.06      0.08      0.06
Profit Before Tax      0.13      0.44      0.34      0.33      0.34
Tax      0.04      0.14      0.11      0.11      0.10
Profit After Tax      0.09      0.30      0.23      0.22      0.24
Adjustment below Net Profit      0.00      0.00      0.00      0.00      -0.42
P & L Balance brought forward      1.14      0.84      0.61      0.39      0.57
Appropriations      0.00      0.00      0.00      0.00      0.00
P & L Bal. carried down      1.23      1.14      0.84      0.61      0.39
Equity Dividend      0.00      0.00      0.00      0.00      0.00
Preference Dividend      0.00      0.00      0.00      0.00      0.00
Corporate Dividend Tax      0.00      0.00      0.00      0.00      0.00
Equity Dividend (%)      0.00      0.00      0.00      0.00      0.00
Earning Per Share (Rs.)      1.92      6.51      5.04      4.75      5.09
Book Value      36.53      34.61      28.10      23.07      18.32
Extraordinary Items      0.00      0.00      0.00      0.00      0.01

5. Prabhakaran Kuppusamy | Link | Bookmark |July 24, 2017 7:21:26 PM (400+ Posts, 300+ Likes)

Balance Sheet(Rs.in Crs.)

Year      Mar 16      Mar 15      Mar 14      Mar 13      Mar 12
Share Capital      0.46      0.46      0.46      0.46      0.46
Reserves & Surplus      1.23      1.14      0.84      0.61      0.39
Total Shareholders Funds      1.69      1.60      1.30      1.07      0.85
Secured Loans      0.00      0.00      0.00      0.02      0.05
Unsecured Loans      0.00      0.00      0.02      0.11      0.03
Total Debt      0.00      0.00      0.02      0.13      0.08
Total Liabilities      1.69      1.60      1.32      1.20      0.93
Gross Block      0.83      0.91      0.87      0.91      0.21
Less: Accum. Depreciation      0.00      0.00      0.00      0.00      0.00
Net Block      0.83      0.91      0.87      0.91      0.21
Capital Work in Progress      0.00      0.00      0.00      0.00      0.00
Investments      0.00      0.00      0.00      0.00      0.00
Inventories      0.01      0.01      0.01      0.01      0.01
Sundry Debtors      0.21      0.68      0.08      0.05      0.00
Cash and Bank Balance      0.48      0.18      0.22      0.33      0.69
Loans and Advances      0.46      0.78      0.60      0.44      0.50
Current Liabilities      0.09      0.41      0.10      0.30      0.11
Provisions      0.19      0.54      0.36      0.24      0.37
Net Current Assets      0.88      0.70      0.45      0.29      0.72
Miscellaneous Expenses not w/o      0.00      0.00      0.00      0.00      0.00
Total Assets      1.71      1.61      1.32      1.20      0.93
Contingent Liabilities      0.00      0.00      0.00      0.00      0.00

4. Prabhakaran Kuppusamy | Link | Bookmark |July 24, 2017 7:21:01 PM (400+ Posts, 300+ Likes)

Capital History
Year      Equity Capital       Remarks
201703      2.106806        Rights Issue
201702      1.8568        Bonus Issue
201203      0.4642        Bonus Issue
201103      0.0422        Bonus Issue
200103      0.0211        further allotment
200003      0.0161        further allotment
199904      0.00002        Subscriber to MOA

3. SanjaySafiwala | Link | Bookmark |July 18, 2017 11:49:24 PM

education field.
most of ipo failed to give returns..
like Cd educare & S chand...
aviod aviod.

3.1. Prabhakaran Kuppusamy | Link | Bookmark |July 24, 2017 7:20:11 PM (400+ Posts, 300+ Likes)

Look at GlobalEducationLtd Sanjay.
There is nothing wrong with the sector - it''s their business model that results in failure/success.
Anyways, PB of 4 and PE of 30 makes this IPO little expensive though.

2. ~~irfuinnu~~ | Link | Bookmark |July 20, 2017 11:37:58 AM

How to apply SME IPO thru HDFC ASBA? Pls guide

1. ~~irfuinnu~~ | Link | Bookmark |July 20, 2017 11:37:15 AM

How to apply SME IPO thru HDFC ASBA? Pls guide

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