IPO Issue Details
Issue Price / Price Band₹12 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size10,000 Shares per Lot
Total Issue Size40,00,000 shares (aggregating up to ₹4.80 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenWed, 10 Feb 2016
Subscription CloseMon, 15 Feb 2016
Anchor AllotmentTue, 09 Feb 2016
Basis of AllotmentSun, 21 Feb 2016
Initiation of RefundsMon, 22 Feb 2016
Credit of Shares to DematMon, 22 Feb 2016
Listing DateTue, 23 Feb 2016
UPI Mandate Deadline2016-02-15
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 10,000 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 20,000 shares
Net Offer to Public38,00,000 shares (aggregating up to ₹4.56 Cr)
Reserved for Market Maker2,00,000 shares (aggregating up to ₹0.2400 Cr)
Pre-IPO Promoter Holding1,10,00,000 shares
Post-IPO Promoter Holding1,50,00,000 shares
About Sylph Education Solutions Ltd.
Incorporated in 2010, Sylph Education Solutions (SES) is engaged in providing educational services in the field of information technology (I.T) which is comprises of providing basic IT training at two centers namely "Little Wonder", a primary school and "IT Gurus".The company is tutoring basic computer knowledge, internet, surfing, computer courses like Microsoft office, accounting and financial management, inventory management, statutory capabilities, tally.net capabilities, accounting courses like tally, various computer languages i.e C++,.Net, Java and Oracle, communication and soft skills etc. Its revenue comprises of sale of software, skill development fees, services provided to school and interest income. However, at present company is not providing services to the school.
Objects of the Issue
Sylph Education Solutions Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 To set up two new centers for establishment of Projects for Skill Development
3.30
2
2 General corporate purpose
1.00
3
3 Meet the issue expenses
0.50
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,10,00,000 shares
Post-IPO Promoter Holding
1,50,00,000 shares