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Siddharth Education IPO is a book built issue of Rs 10.88 crores.
Siddharth Education IPO bidding started from September 29, 2017 and ended on October 5, 2017. The shares got listed on BSE SME on October 12, 2017.
Siddharth Education IPO price band is set at ₹30 to ₹35 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹140,000.
Gretex Corporate Services Limited is the book running lead manager of the Siddharth Education IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Siddharth Education IPO RHP for detailed information.
| IPO Date | September 29, 2017 to October 5, 2017 |
| Listing Date | October 12, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹30 to ₹35 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 3,108,000 shares (aggregating up to ₹10.88 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 8,491,500 |
| Share holding post issue | 11,599,500 |
Investors can bid for a minimum of 4000 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 | 4000 | ₹140,000 |
| Retail (Max) | 1 | 4000 | ₹140,000 |
| Lot Size Calculator | |||
Incorporated in 1997, Siddharth Education Services Limited provides tutorial coaching services for students of professional courses in India. It offers tutorial services for company secretary, chartered accountancy, and cost and management accountancy, as well as CFA courses.
Currently they have 4 (four) Company operated centres and a team of 22 faculty members. The company offers test series courses which have been systematically designed to provide effective and efficient education to students in simple and lucid manner. A partnership arm of the group is engaged in farming segment which has negligible contribution in revenues but investment made is much higher than education segment.
The object of the issue are:
1. Establishment of new Coaching Centres
2. Acquisition of human resource training centres
3. Digital marketing and online training
4. General corporate purpose
[Dilip Davda] Considering roller-coaster ride for the education sector and aggressive pricing of the issue, cash surplus risk savvy investors may consider investment for long term. Read detail review...
The Siddharth Education IPO is subscribed times on October 5, 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) |
|---|
| Listing Date | October 12, 2017 |
| BSE Script Code | 540736 |
| NSE Symbol | |
| ISIN | INE930X01012 |
| Final Issue Price | ₹35 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹35.00 |
| ₹36.90 |
| ₹36.00 |
| ₹42.00 |
| ₹42.00 |
Siddharth Education Services Ltd
101 1st Floor Chirag Arcade,
Behind Nagrik Stores E R Road,
Thane (West) - 400601
Phone: +91-22-25334903
Email: siddharth_academy@yahoo.co.in
Website: http://www.siddharthacademy.com
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
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Siddharth Education IPO is a SME IPO of 3,108,000 equity shares of the face value of ₹10 aggregating up to ₹10.88 Crores. The issue is priced at ₹30 to ₹35 per share. The minimum order quantity is 4000 Shares.
The IPO opens on September 29, 2017, and closes on October 5, 2017.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Siddharth Education IPO opens on September 29, 2017 and closes on October 5, 2017.
Siddharth Education IPO lot size is 4000 Shares, and the minimum amount required is ₹140,000.
You can apply in Siddharth 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 Siddharth Education IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Siddharth Education IPO allotment status.
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RHP
stockidea| Link | Bookmark |October 11, 2017 10:28:51 PMSiddharth Education SME IPO is LISTING ON BSE SME PLATFORM in M Group On 12.10.2017 (THURSDAY)
Will list @ 39-40 .ISSUE PRICE 35/- ....buy FOR 3 Upper Circuits ---- @ 42/- + 50.4 + 60.5
CA Ankit