IPO

Siddharth Education Services Ltd

Public issue of 31,08,000 equity shares of face value of Rs. 10 each of Siddharth Education Services Limited (the "company" or the "issuer") for cash at a price of Rs. 35 per equity share including a share premium of Rs. 25 per equity share (the "issue price") aggregating to Rs. 10.88 Crores ("the issue"), of which 1,56,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 35 per equity share including a share premium of 25 per equity share aggregating to Rs. 0.55 crores will be reserved for subscription by market maker to the issue (the "market maker reservation portion"). The issue less the market maker reservation portion i.e. net issue of 29,52,000 equity shares of face value of Rs. 10 each at a price of Rs. 35 per equity share aggregating to Rs. 10.33 Crores is herein after referred to as the "net issue". The issue and the net issue will constitute 26.79% and 25.45% respectively of the post issue paid up equity share capital of the company. Issue Price: Rs.35 per equity share. The face value of the equity share is Rs.10 each. The offer price is 3.5 times the face value.
Issue
Opens On Closes On
29-Sep-17 05-Oct-17
Money Payable On
Application Allotment
35.00 0.00
Minimum Application for shares in Nos : 3000 Further Multiples of : 3000
Cr Lead Managers to the Issue
Project Cost (.Cr) 10.88 Gretex Corporate Services Pvt Ltd
Project Financed through Current Offer (.Cr) 10.88  
Post Issue Equity Share Capital (.Cr) 11.60
Issue Price () 35.00
Projects
Establishment of new coaching centres
Acquisition of human resource training centres
Digital marketing and online training
General corporate purpose
Promoted By
Vinay Shantaram Bhagwat
Listing At
BSE - SME
Registrar to the Issue
Karvy Computershare Pvt Ltd