Siddharth Education Services Ltd IPO

Siddharth Education Services Ltd

Issue Open

Sep 29, 2017

Price Band

₹ 30 - ₹ 35

Issue Size

₹ 10.88 Cr

Credit of Shares to Demat

-

Issue Close

Oct 05, 2017

Bid Lot

4000

Listing Exchange

BSE SME

Cut off time for UPI Mandate Confirmation

-

Issue Type

Book Built Issue IPO

Minimum Order Quantity

4000

Allotment Details

-

Face Value

Rs 10 Per Equity Share

Listing On

Oct 12, 2017

Refunds

-

About the company:

Siddharth Education Services provides tutorial coaching services for students of professional courses. Currently they have 4 centres located at Thane, Dadar, Dombivli and Vashi. It is managed by a team of 22 faculty members. They also offer test series courses which have been systematically designed to provide education to students in simple manner.

Date of establishment: Siddharth Education Services Limited was incorporated in 1997

Product & Service Offering: Company provides tutorial services for company secretary, chartered accountancy, and cost and management accountancy, as well as CFA courses. 

Promoters of Siddharth Education Services ltd: Mr. Vinay Shantaram Bhagwat is the promoter of the Siddharth Education Services Limited.

Customer segment: They target students who wants to pursue professional courses

Objects of the Issue: The objects of the Offer is to:-
-     Establishment of new Coaching Centres
-     Acquisition of human resource training centres
-     Digital marketing and online training
-     To Finance General corporate expense

Company Financials:

 

Siddharth Education Services financial performance (in INR crore)

   

FY2013

FY2014

FY2015

FY2016

FY2017

Total Assets

 

4.5

9.3

9.07

12.08

14.23

Total revenue

 

1.86

2.64

1.89

3.31

4.37

Total expenses

 

1.67

2.75

2.55

2.80

3.63

Profit after tax

 

.13

-0.0038

-0.30

0.64

.96

FAQ’s

Can I trade an IPO through a Discount Broker?

What are the benefit of buying & selling IPOs through a discount broker?

How is it possible to trade an IPO through a discount broker when SEBI has made mandatory to buy an IPO through ASBA?

How can I buy and sell IPO through a discount broker?

What documents are required to open an account with Samco?