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Shanti Educational IPO is a fixed price issue of Rs 39.60 crores.
Shanti Educational IPO bidding started from June 1, 2016 and ended on June 6, 2016. The shares got listed on BSE SME on June 14, 2016.
Shanti Educational IPO price is ₹90 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹144,000.
Oneview Corporate Advisors Pvt. Ltd. is the book running lead manager of the Shanti Educational IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Shanti Educational IPO is Guiness Securities.
Refer to Shanti Educational IPO RHP for detailed information.
IPO Date | June 1, 2016 to June 6, 2016 |
Listing Date | June 14, 2016 |
Face Value | ₹10 per share |
Price | ₹90 per share |
Lot Size | 1600 Shares |
Total Issue Size | 4,400,000 shares (aggregating up to ₹39.60 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | BSE SME |
Share holding pre issue | 15,300,000 |
Share holding post issue | 16,100,000 |
Market Maker portion | 240,000 shares Guiness Securities |
Investors can bid for a minimum of 1600 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 | 1600 | ₹144,000 |
Retail (Max) | 1 | 1600 | ₹144,000 |
Lot Size Calculator |
The promoters of the company are:
1. Mr. Vedprakash D. Chiripal
2. Mr. Brijmohan D. Chiripal
3. Mr. Vishal V. Chiripal
4. Ms. Vineeta V. Chiripal and
5. Mr. Ronak B. Agarwal
Share Holding Pre Issue | 91.45% |
Share Holding Post Issue | 64.55% |
Incorporated in 2010, Shanti Educational Initiatives Ltd (SEIL) engaged in the business of providing educational support services to preschools, K-12 and premium category preschools in India. Three business units of the company are as under:
Shanti Juniors: With 154 franchised preschools under the brand name of 'Shanti Juniors' spread over western, southern and northern region in India, they are rapidly growing popularity in preschool segment.
Shanti Asiatic School: Under the brand name of 'Shanti Asiatic School' there are 6 K-12 schools having over approximately 3600 students.
Shanti's Hopskotch: There are 5 premium category preschools to serve the niche segment which aspire for premium quality education, ambience and learning environment for children under the brand name of 'Shanti's Hopskotch'.
Company is headquartered in Ahmedabad, Gujrat. Apart from Gujarat Company's presence is also concentrated in the states of Rajasthan, Bihar, Maharashtra, Karnataka, and Tamil Nadu.
KPI | Values |
---|---|
RoNW | 2.88% |
The objects of the Issue are:
1. Construction of School Building Project at Vastral in Gujarat
2. General Corporate Expenses
3. Issue Expenses
[Dilip Davda]
As the issue is aggressively priced, only risks aver investors with cash surplus may consider investment for long term.
Read detail review...Listing Date | June 14, 2016 |
BSE Script Code | 539921 |
NSE Symbol | |
ISIN | INE440T01010 |
Final Issue Price | ₹90 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE SME |
---|
₹90.00 |
₹90.00 |
₹87.50 |
₹92.00 |
₹91.00 |
Shanti Educational Initiatives Ltd
283, New Cloth Market,
Ahmedabad- 380002
Phone: +91-79- 26734660/62/63
Email: Info@seil.edu.in
Website: http://www.sei.edu.in
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: seil.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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Shanti Educational IPO is a SME IPO of 4,400,000 equity shares of the face value of ₹10 aggregating up to ₹39.60 Crores. The issue is priced at ₹90 per share. The minimum order quantity is 1600 Shares.
The IPO opens on June 1, 2016, and closes on June 6, 2016.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Shanti Educational IPO opens on June 1, 2016 and closes on June 6, 2016.
Shanti Educational IPO lot size is 1600 Shares, and the minimum amount required is ₹144,000.
You can apply in Shanti Educational 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 Shanti Educational IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Shanti Educational IPO allotment status.
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