IPO Issue Details
Issue Price / Price Band₹150 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,000 Shares per Lot
Total Issue Size6,83,000 shares (aggregating up to ₹10.25 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenThu, 16 Feb 2017
Subscription CloseFri, 21 Feb 2020
Anchor AllotmentWed, 15 Feb 2017
Basis of AllotmentThu, 27 Feb 2020
Initiation of RefundsFri, 28 Feb 2020
Credit of Shares to DematFri, 28 Feb 2020
Listing DateThu, 02 Mar 2017
UPI Mandate Deadline2017-02-21
Application & Investment Details
Retail — Min (1 Lots)₹1,50,000 — 1,000 shares
Retail — Max (13 Lots)₹1,950,000 (13 Lots)
HNI — Min (2 Lots)₹3,00,000 — 2,000 shares
Net Offer to Public6,48,000 shares (aggregating up to ₹9.72 Cr)
Reserved for Market Maker35,000 shares (aggregating up to ₹[.] Cr)
Pre-IPO Promoter Holding18,00,000 shares
Post-IPO Promoter Holding24,83,000 shares
About Global Education Ltd.
Global Education Ltd (GEL) is currently engaged in providing professional training and skill developments to corporate, teachers and students for human capital development and other various business support services to education institutions, students, corporate and banks. Its client primarily includes universities, schools and colleges wherein it provides training to teachers, principals, students and parents. The company also provides training to top and middle level managers, supervisors and executives of various corporates.
Objects of the Issue
Global Education Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
To Meet working capital requirement
7.16
2
General corporate purpose
2.25
Shareholding & Lock-in
Pre-IPO Promoter Holding
18,00,000 shares
Post-IPO Promoter Holding
24,83,000 shares