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Kuberan Global Edu Solutions IPO is a fixed price issue of Rs 1.12 crores.
Kuberan Global Edu Solutions IPO bidding started from April 20, 2021 and ended on April 27, 2021. The allotment for Kuberan Global Edu Solutions IPO was finalized on Friday, April 30, 2021. The shares got listed on BSE SME on May 5, 2021.
Kuberan Global Edu Solutions IPO price is ₹20 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹120,000.
Fedex Securities Pvt Ltd is the book running lead manager of the Kuberan Global Edu Solutions IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Kuberan Global Edu Solutions IPO RHP for detailed information.
| IPO Date | April 20, 2021 to April 27, 2021 |
| Listing Date | May 5, 2021 |
| Face Value | ₹10 per share |
| Price | ₹20 per share |
| Lot Size | 6000 Shares |
| Total Issue Size | 558,000 shares (aggregating up to ₹1.12 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 1,548,536 |
| Share holding post issue | 2,106,536 |
| Market Maker portion | 30,000 shares |
Kuberan Global Edu Solutions IPO offers 558,000 shares. 264,000 (47.31%) to NII, 264,000 (47.31%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 30,000 (5.38%) |
| Other Shares Offered | 264,000 (47.31%) |
| Retail Shares Offered | 264,000 (47.31%) |
| Total Shares Offered | 558,000 (100%) |
Kuberan Global Edu Solutions IPO opens on April 20, 2021, and closes on April 27, 2021.
| IPO Open Date | Tuesday, April 20, 2021 |
| IPO Close Date | Tuesday, April 27, 2021 |
| Basis of Allotment | Friday, April 30, 2021 |
| Initiation of Refunds | Monday, May 3, 2021 |
| Credit of Shares to Demat | Tuesday, May 4, 2021 |
| Listing Date | Wednesday, May 5, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 27, 2021 |
Investors can bid for a minimum of 6000 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 | 6000 | ₹120,000 |
| Retail (Max) | 1 | 6000 | ₹120,000 |
| Lot Size Calculator | |||
Mr. Chandramouleeswaran Krishnan is the promoter of the company.
| Share Holding Pre Issue | 93.36% |
| Share Holding Post Issue | 68.63% |
Incorporated in 2013, Kuberan Global Edu Solutions Limited (KGES) is a Tamil Nadu based company that offers "TEST PREP" segment services including Banking courses, Accounting & Professional Courses (CA, CS, CMA), Master of Business Administration Entrance exams, Staff Selection Commission (SSC), and Other Competitive Exams.
The company follows Kuberan class (virtual learning concept) through the use of IT to offer courses via online teaching and classroom environment. Online web conferencing, video conferencing chat rooms, Voice over IP (Internet Protocol) are used to provide e-learning facilities to clients. It also provides custom courses and offers customized training to the government, corporates, and other educational institutions. The company has training units in Coimbatore, Tuticorin, Surat, Udumalaipet.
Competitive strengths
| Particulars | For the year/period ended (₹ in lakhs) | ||||
|---|---|---|---|---|---|
| 31-Oct-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 175.19 | 156.19 | 163.93 | 123.32 | |
| Total Revenue | 62.60 | 90.85 | 98.75 | 82.80 | |
| Profit After Tax | 8.70 | 1.65 | 2.92 | 17.60 | |
The company aims to raise money for the following purposes;
[Dilip Davda] The financial data is on a minuscule level with scanty profits. Based on the last three fiscals average EPS it is priced at a P/E of 46 and on the basis of FY20 earnings, it is at a P/E of 1000. If we consider super-profits for 7M-FY21 it is at a P/E of 28. There is no harm in giving this aggressively priced IPO a miss. Read detail review...
The Kuberan Global Edu Solutions IPO is subscribed 3.30 times on April 27, 2021 6:49:00 AM. The public issue subscribed 5.18 times in the retail category, times in the QIB category, and 1.41 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.41 |
| Retail | 5.18 |
| Total | 3.30 |
| Listing Date | May 5, 2021 |
| BSE Script Code | 543289 |
| NSE Symbol | KGES |
| ISIN | INE04CO01018 |
| Final Issue Price | ₹20 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹20.00 |
| ₹21.00 |
| ₹20.20 |
| ₹22.05 |
| ₹22.05 |
Kuberan Global Edu Solutions Limited
401, GES Complex, 1st Floor, 7th Street,
Gandhipuram, Coimbatore–641012
Phone: 04224348001
Email: investor@kgesltd.in
Website: http://www.kgesltd.in/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
SME Company Owners
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Check our SME IPO Guide 
Kuberan Global Edu Solutions IPO is a SME IPO of 558,000 equity shares of the face value of ₹10 aggregating up to ₹1.12 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000 Shares.
The IPO opens on April 20, 2021, and closes on April 27, 2021.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Kuberan Global Edu Solutions IPO using UPI as a payment gateway. Zerodha customers can apply in Kuberan Global Edu Solutions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Kuberan Global Edu Solutions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Kuberan Global Edu Solutions IPO opens on April 20, 2021 and closes on April 27, 2021.
Kuberan Global Edu Solutions IPO lot size is 6000 Shares, and the minimum amount required is ₹120,000.
You can apply in Kuberan Global Edu Solutions 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 Kuberan Global Edu Solutions IPO will be done on Friday, April 30, 2021, and the allotted shares will be credited to your demat account by Tuesday, May 4, 2021. Check the Kuberan Global Edu Solutions IPO allotment status.
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