IPO Issue Details
Issue Price / Price Band₹26 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size4,000 Shares per Lot
Total Issue Size8,68,000 shares (aggregating up to ₹2.26 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenThu, 30 Dec 2021
Subscription CloseTue, 04 Jan 2022
Anchor AllotmentWed, 29 Dec 2021
Basis of AllotmentFri, 07 Jan 2022
Initiation of RefundsMon, 10 Jan 2022
Credit of Shares to DematTue, 11 Jan 2022
Listing DateWed, 12 Jan 2022
UPI Mandate Deadline2022-01-04
Application & Investment Details
Retail — Min (1 Lots)₹1,04,000 — 4,000 shares
Retail — Max (13 Lots)₹1,352,000 (13 Lots)
HNI — Min (2 Lots)₹2,08,000 — 8,000 shares
P/E Ratio (Pre-IPO)18.98x
Net Offer to Public8,24,000 shares (aggregating up to ₹2.14 Cr)
Reserved for Market Maker44,000 shares (aggregating up to ₹0.1144 Cr)
Pre-IPO Promoter Holding23,41,116 shares
Post-IPO Promoter Holding32,09,116 shares
About Ascensive Educare Ltd.
Ascensive Educare is a skill development company offering vocational training, and educational consulting in collaboration with Central Government, State Governments, and various Industries and Industry Associations. The company provides the platform for the skill developments at the grass-roots level to skill and re-skill the workforce of India.The company is NSDC accredited with NSFQ compliant course curriculum. The training courses are provided by experienced trainers certified by the Sector Skills Council. The company has trained more than 50,000+ trainees under various hardware, networking and management programs in Kolkata. Apart from providing national vocational qualifications, the company also delivers short courses, skill sets, and workshops to professionals and businesses.
Objects of the Issue
Ascensive Educare Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Funding the working capital requirements of the company
1.40
2
2 General Corporate Purposes
0.46
Shareholding & Lock-in
Pre-IPO Promoter Holding
23,41,116 shares
Post-IPO Promoter Holding
32,09,116 shares