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Siddharth Education Services Ltd IPO

Add to Calendar 2017-09-29 12:00 AM 2017-10-05 12:00 AM Asia/Kolkata Siddharth Education Services Ltd IPO Siddharth Education Services Ltd India

Siddharth Education Services provides tutorial coaching services for students of professional courses. Currently they have 4 centres located at Thane, Dadar, Dombivli and Vashi. It is managed by a team of 22 faculty members. They also offer test series courses which have been systematically designed to provide education to students in simple manner.

Date of establishment: Siddharth Education Services Limited was incorporated in 1997

Product & Service Offering: Company provides tutorial services for company secretary, chartered accountancy, and cost and management accountancy, as well as CFA courses. 

Promoters of Siddharth Education Services ltd: Mr. Vinay Shantaram Bhagwat is the promoter of the Siddharth Education Services Limited.

Customer segment: They target students who wants to pursue professional courses

Objects of the Issue: The objects of the Offer is to:-
-     Establishment of new Coaching Centres
-     Acquisition of human resource training centres
-     Digital marketing and online training
-     To Finance General corporate expense

Company Financials:

 

Siddharth Education Services financial performance (in INR crore)
   

FY2013

FY2014

FY2015

FY2016

FY2017

Total Assets

  

4.5

9.3

9.07

12.08

14.23

Total revenue

  

1.86

2.64

1.89

3.31

4.37

Total expenses

  

1.67

2.75

2.55

2.80

3.63

Profit after tax

  

.13

-0.0038

-0.30

0.64

.96

Issue Detail

  • Issue Open: Sep 29, 2017
  • Issue Close: Oct 05, 2017
  • Issue Type: Book Built Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 30 - Rs 35 Per Equity Share
  • Bid Lot:4000 Shares
  • Minimum Order Quantity:4000 Shares
  • Listing At: BSE SME
  • Issue Size: • Rs 10.88 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Day 0 - Sep 29, 2017IST 0 1,824,000 288,000 - - 2,112,000
Day 1 - Oct 03, 2017IST 0 2,044,000 376,000 - - 2,420,000
Day 2 - Oct 04, 2017IST 0 2,148,000 668,000 - - 2,816,000
Day 3 - Oct 05, 2017IST 0 2,744,000 1,236,000 - - 3,980,000

Listing Day Trading Information

- BSE NSE
Issue Price Rs 35.00 -
Open Rs 36.90 -
Low Rs 36.00 -
High Rs 42.00 -
Last Trade Rs 42.00 -
Volume 512,490 -

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