IPO Issue Details
Issue Price / Price Band₹35 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size4,000 Shares per Lot
Total Issue Size31,08,000 shares (aggregating up to ₹10.88 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenFri, 29 Sep 2017
Subscription CloseThu, 05 Oct 2017
Anchor AllotmentThu, 28 Sep 2017
Basis of AllotmentWed, 11 Oct 2017
Initiation of RefundsThu, 12 Oct 2017
Credit of Shares to DematThu, 12 Oct 2017
Listing DateThu, 12 Oct 2017
UPI Mandate Deadline2017-10-05
Application & Investment Details
Retail — Min (1 Lots)₹1,40,000 — 4,000 shares
Retail — Max (13 Lots)₹1,820,000 (13 Lots)
HNI — Min (2 Lots)₹2,80,000 — 8,000 shares
Net Offer to Public29,52,000 shares (aggregating up to ₹10.33 Cr)
Reserved for Market Maker1,56,000 shares (aggregating up to ₹0.5460 Cr)
Pre-IPO Promoter Holding84,91,500 shares
Post-IPO Promoter Holding1,15,99,500 shares
About Siddharth Education
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.
Objects of the Issue
Siddharth Education proposes to utilise the net proceeds from the Issue for the following objects:
1
Establishment of new coaching centres
2.20
2
Acquisition of human resource training centres
2.61
3
Digital Marketing and Online Training
1.61
4
General Corporate Purpose
3.12
Shareholding & Lock-in
Pre-IPO Promoter Holding
84,91,500 shares
Post-IPO Promoter Holding
1,15,99,500 shares