IPO

Siddharth Education Services Ltd IPO

NSE SME

Offer Date: Sep 29, 2017 - Oct 5, 2017

₹ 240000 /8000 Shares
*Min Investment

29 Sep, 2017

Open Date

05 Oct, 2017

Close Date

10 Oct, 2017

Allotment Date

13 Oct, 2017

Listing Date
IPO Issue Details
  • Issue Price Rs 30 - Rs 35 Per Equity Share 
  • Face Value Rs 10 Per Equity Share 
  • Issue Price 31,08,000 Equity Shares of Rs 10 aggregating up to Rs 10.88 Cr
  • Listing at NSE SME
  • Lead Manager Gretex Corporate Services Pvt Ltd
  • Registrar Karvy Computershare Private Limited
IPO Details
  • Retail Portion N/A
IPO Details


Siddharth Education Services Ltd IPO is an SME IPO, priced at Rs 30 - Rs 35 Per Equity Share . The equity shares have a face value of Rs 10 Per Equity Share  each and will be listed on the NSE SME platform.

The IPO bidding window is open from Sep 29, 2017 to Oct 5, 2017. The allotment is expected to be finalized on Oct 10, 2017, and the tentative listing date is Oct 13, 2017.


The registrar of the IPO is Karvy Computershare Private Limited, and

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IPO Subscription Analysis And Details
Retail
0.84x
Total
1.35x
As on QIB / NII Retail Total
Shares Offered / Reserved 14,76,000 14,76,000 29,52,000
Day 1 29-09-17
1.24 x 0.20 x 0.72 x
Day 2 03-10-17
1.38 x 0.25 x 0.82 x
Day 3 04-10-17
1.46 x 0.45 x 0.96 x
Day 4 05-10-17
1.86 x 0.84 x 1.35 x
Valuations
Earnings Per Share (EPS) Rs 0.90
P/E Ratio 39
RoNW 17.85%
Net Asset Value (NAV) Rs 16.92
IPO - Issue Objectives
1

Establishment of new Coaching Centers

2

Acquisition of human resource training centers

3

Digital marketing and online training

4

General corporate purpose