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Keerti Knowledge And Skills Ltd IPO (Keerti Knowledge IPO) Detail

Jul 24, 2017 - Jul 28, 2017

Incorporated in 1999, Keerti Knowledge and Skills Ltd works as an information technology training company in India. They are one of the largest IT training institutes in Mumbai & Thane region that trains youth and students in multiple segments of Information Technology.

They provide tutoring of basic computer knowledge, Internet, surfing, and computer courses including Microsoft office, accounting and financial management, inventory management, statutory capabilities, and tally.net capabilities; accounting courses, such as tally; and various computer languages comprising C++,.Net, Java and Oracle, communication and soft skills, etc.

Keerti Knowledge has expanded business through its two subsidiary Companies i.e. Keerti Institute India Private Ltd and Keerti Tutorials India Private Ltd and KKSL has vide Business Transfer Agreement dated 2nd April, 2015 transferred its business of IT education sector which is on franchise basis to the Keerti Institute India Private Limited (KIIPL) for advancement and to rationalize the future growth of franchise business in IT education sector in future along with authorization of Maharashtra Knowledge Corporate Limited (MKCL)to conduct MKCL’s Courses. Thereafter, KIIPL entered into 90 afresh franchisees Agreements at various locations in Mumbai and Thane. The core activity of KKSL includes Training and Placement, State and Central Government programs and High End Technical programs.

Company Promoters:

The promoters of the company are:

1. Mr. Sudhakar Pandurang Sonawane

Objects of the Issue:

The object of the issue are:

1. To Expand Company Owned and Company Operated (COCO) Centers through their wholly owned subsidiaries i.e. Keerti Institute India Private Limited (KIIPL) and Keerti Tutorials India Private Limited (KTIPL);
2. To Develop E- Applications and E Programs;
3. Developing an end to end software/ Portal for Recruitment, Training and Placement;
4. General corporate purposes.

Issue Detail:

  »»  Issue Open: Jul 24, 2017 - Jul 28, 2017
  »»  Issue Type: Fixed Price Issue IPO
  »»  Issue Size: 780,000 Equity Shares of Rs 10 aggregating up to Rs 4.06 Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 52 Per Equity Share
  »»  Market Lot: 2000 Shares
  »»  Minimum Order Quantity: 2000 Shares
  »»  Listing At: NSE SME

Keerti Knowledge IPO Reviews:

  1. Keerti Knowledge And Skills Ltd IPO review by Dilip Davda

Issue Subscription Detail / Current Bidding Status

Number of Bids Received
As on Date & TimeQIBNIIRIITotal
Shares Offered / Reserved0390,000390,000780,000
Day 1 - Jul 24, 2017 17:00 IST044800030000478000
Day 2 - Jul 25, 2017 17:00 IST0498000122000620000
Day 3 - Jul 26, 2017 17:00 IST0516000232000748000
Day 4 - Jul 27, 2017 17:00 IST0530000384000914000
Day 5 - Jul 28, 2017 17:00 IST05940008180001412000

Keerti Knowledge IPO Prospectus

Keerti Knowledge IPO Rating

41
3.0
Rating:Rated 3.0 stars

Vote Here ...

Keerti Knowledge IPO Listing Date

  •   ›  Listing Date: Monday, August 7, 2017
  •   ›  BSE Script Code:
  •   ›  NSE Symbol: KEERTI
  •   ›  Listing In:
  •   ›  ISIN: INE586X01012
  •   ›  Issue Price: Rs 52 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Keerti Knowledge IPO News Alerts

  1. Monday, August 7, 2017 12:00:00 AM
    Keerti Knowledge And Skills Ltd IPO - Listing

Company Contact Information

Keerti Knowledge And Skills Ltd
65/2823, Ashadeep CHS Ltd,
Gandhi Nagar, Near MIG Cricket Club,
Bandra (East) Mumbai – 400051
Phone: +91-22-26550480
Fax: NA
Email: support@keerti.org
Website: http://www.keerti.org

Keerti Knowledge IPO Registrar

Link Intime India Private Ltd   »  Report
   Link Intime India Private Ltd,
   C-13 Pannalal Silk Mills Compound,
   LBS Marg, Bhandup West, Mumbai 400078

Phone: +91-22-25963838
Fax: +91-22-25946969
Email: keerti.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Keerti Knowledge IPO Lead Manager(s)

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Keerti Knowledge IPO Review / Comments

avatar
15. Devendra Chhajer  Aug 9, 2017 4:26:34 PM IST I Like It. | Report Abuse
should i hold keerti knowledge and skills lts ?
avatar
14. Regan  Aug 2, 2017 9:54:08 PM IST I Like It. | Report Abuse
Allotment is out
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13. Umang ahd  Aug 2, 2017 3:02:21 PM IST I Like It. | Report Abuse
Company has more than 70 branches, if minimum income is 10000/- p.a is considered, then also it will show profit of 70 Lacs from one subsidery,
This is very good stock which is already in ZERO DEBT, . It will stay in upper circuit for 2-3 days after listing...
avatar
12. STOCKT  Jul 30, 2017 12:59:33 PM IST I Like It. | Report Abuse
FAIR VALUE NOT MORE THAN 30 RS
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11. Prabhakaran Kuppusamy  Jul 24, 2017 6:32:09 PM IST I Like It. 2 | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Pros:
Zero debt (debt free from this fiscal)
Cash-flow is fairly positive

Cons:
ROE and ROCE is very poor (after debt reduction)
There was a set back in FY16 which brought down its sales (and above ROE/ROCE)
Business has contracted and the workforce has been reduced tremendously in FY16
PB of 4

As per FY16 numbers, it''s a clear AVOID.
Looking at partial FY17 numbers, it''s still NEUTRAL only.
So, I prefer to stay away from Keerti
avatar
10. Prabhakaran Kuppusamy  Jul 24, 2017 6:23:19 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Key operating ratios

Year end      Mar 16      Mar 15      Mar 14      Mar 13      Mar 12
EPS(Rs)      1.92      6.51      5.04      4.75      5.09
Book value(Rs)      36.53      34.61      28.10      23.07      18.32
CEPS(Rs)      4.13      7.83      6.30      6.52      6.52
NPM(%)      14.06      14.08      12.11      11.96      11.06
OPM(%)      35.94      23.94      22.63      22.83      18.43
ROCE(%)      7.90      31.51      28.57      31.92      37.63
ROE(%)      5.47      20.69      19.41      22.92      28.24
Debt/equity      -      0.01      0.06      0.11      0.09
Interest cover      -      23.00      18.00      34.00      35.00
avatar
9. Prabhakaran Kuppusamy  Jul 24, 2017 6:23:02 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Cash flow analysis (Rs.in Crs.)
Year end      Mar 16      Mar 15      Mar 14      Mar 13      Mar 12
NOPAT      0.09      0.31      0.24      0.23      0.25
Operating cash flow      0.26      0.07      0.06      0.58      0.25
Free cash flow      0.27      0.16      0.08      1.36      0.39
avatar
8. Prabhakaran Kuppusamy  Jul 24, 2017 6:22:43 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Key financials (Rs.in Crs.)
Year end      Mar 16      Mar 15      Mar 14      Mar 13      Mar 12
Net sales      0.64      2.13      1.90      1.84      2.17
Operating profit      0.23      0.51      0.43      0.42      0.40
Net profit      0.09      0.30      0.23      0.22      0.24
Equity cap pd      0.46      0.46      0.46      0.46      0.46
avatar
7. Prabhakaran Kuppusamy  Jul 24, 2017 6:22:22 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Variance (Half Yearly)
Year      201603      201503      Var(%)
Type      Full Year      Full Year
Sales Turnover      0.64      2.13      -69.95
Other Income      0.00      0.02      N.A.
Total Income      0.64      2.15      -70.23
Total Expenditure      0.41      1.64      -75.00
Operating Profit      0.23      0.51      -54.90
Interest      0.00      0.02      N.A.
Gross Profit      0.23      0.49      -53.06
Depreciation      0.10      0.06      66.67
Tax      0.06      0.14      -57.14
Reported PAT      0.09      0.30      -70.00
Dividend (%)      0.00      0.00      N.A.
avatar
6. Prabhakaran Kuppusamy  Jul 24, 2017 6:21:51 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
P & L Account(Rs.in Crs.)

Year      Mar 16      Mar 15      Mar 14      Mar 13      Mar 12
Sales Turnover      0.64      2.13      1.90      1.84      2.17
Other Income      0.00      0.02      0.00      0.00      0.01
Stock Adjustments      0.00      0.00      0.00      0.00      0.00
Total Income      0.64      2.15      1.90      1.84      2.18
Raw Materials      0.00      0.00      0.00      0.00      0.00
Excise Duty      0.00      0.00      0.00      0.00      0.00
Power & Fuel Cost      0.01      0.02      0.02      0.02      0.01
Other Manufacturing Expenses      0.00      0.00      0.00      0.00      0.00
Employee Cost      0.09      0.57      0.51      0.41      0.47
Selling and Administration Expenses      0.31      1.04      0.94      0.98      1.22
Miscellaneous Expenses      0.00      0.00      0.00      0.00      0.09
Less: Preoperative Expenditure Capitalised      0.00      0.00      0.00      0.00      0.00
Profit before Interest, Depreciation & Tax      0.23      0.51      0.43      0.42      0.40
Interest & Financial Charges      0.00      0.02      0.02      0.01      0.01
Profit before Depreciation & Tax      0.23      0.49      0.41      0.41      0.39
Depreciation      0.10      0.06      0.06      0.08      0.06
Profit Before Tax      0.13      0.44      0.34      0.33      0.34
Tax      0.04      0.14      0.11      0.11      0.10
Profit After Tax      0.09      0.30      0.23      0.22      0.24
Adjustment below Net Profit      0.00      0.00      0.00      0.00      -0.42
P & L Balance brought forward      1.14      0.84      0.61      0.39      0.57
Appropriations      0.00      0.00      0.00      0.00      0.00
P & L Bal. carried down      1.23      1.14      0.84      0.61      0.39
Equity Dividend      0.00      0.00      0.00      0.00      0.00
Preference Dividend      0.00      0.00      0.00      0.00      0.00
Corporate Dividend Tax      0.00      0.00      0.00      0.00      0.00
Equity Dividend (%)      0.00      0.00      0.00      0.00      0.00
Earning Per Share (Rs.)      1.92      6.51      5.04      4.75      5.09
Book Value      36.53      34.61      28.10      23.07      18.32
Extraordinary Items      0.00      0.00      0.00      0.00      0.01
avatar
5. Prabhakaran Kuppusamy  Jul 24, 2017 6:21:26 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Balance Sheet(Rs.in Crs.)

Year      Mar 16      Mar 15      Mar 14      Mar 13      Mar 12
Share Capital      0.46      0.46      0.46      0.46      0.46
Reserves & Surplus      1.23      1.14      0.84      0.61      0.39
Total Shareholders Funds      1.69      1.60      1.30      1.07      0.85
Secured Loans      0.00      0.00      0.00      0.02      0.05
Unsecured Loans      0.00      0.00      0.02      0.11      0.03
Total Debt      0.00      0.00      0.02      0.13      0.08
Total Liabilities      1.69      1.60      1.32      1.20      0.93
Gross Block      0.83      0.91      0.87      0.91      0.21
Less: Accum. Depreciation      0.00      0.00      0.00      0.00      0.00
Net Block      0.83      0.91      0.87      0.91      0.21
Capital Work in Progress      0.00      0.00      0.00      0.00      0.00
Investments      0.00      0.00      0.00      0.00      0.00
Inventories      0.01      0.01      0.01      0.01      0.01
Sundry Debtors      0.21      0.68      0.08      0.05      0.00
Cash and Bank Balance      0.48      0.18      0.22      0.33      0.69
Loans and Advances      0.46      0.78      0.60      0.44      0.50
Current Liabilities      0.09      0.41      0.10      0.30      0.11
Provisions      0.19      0.54      0.36      0.24      0.37
Net Current Assets      0.88      0.70      0.45      0.29      0.72
Miscellaneous Expenses not w/o      0.00      0.00      0.00      0.00      0.00
Total Assets      1.71      1.61      1.32      1.20      0.93
Contingent Liabilities      0.00      0.00      0.00      0.00      0.00
avatar
4. Prabhakaran Kuppusamy  Jul 24, 2017 6:21:01 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Capital History
Year      Equity Capital       Remarks
201703      2.106806        Rights Issue
201702      1.8568        Bonus Issue
201203      0.4642        Bonus Issue
201103      0.0422        Bonus Issue
200103      0.0211        further allotment
200003      0.0161        further allotment
199904      0.00002        Subscriber to MOA
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3. SanjaySafiwala  Jul 18, 2017 10:49:24 PM IST I Like It. | Report Abuse
education field.
most of ipo failed to give returns..
like Cd educare & S chand...
aviod aviod.
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3.1. Prabhakaran Kuppusamy  Jul 24, 2017 6:20:11 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Look at GlobalEducationLtd Sanjay.
There is nothing wrong with the sector - it''s their business model that results in failure/success.
Anyways, PB of 4 and PE of 30 makes this IPO little expensive though.
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2. irfuinnu  Jul 20, 2017 10:37:58 AM IST I Like It. | Report Abuse
How to apply SME IPO thru HDFC ASBA? Pls guide
avatar
1. irfuinnu  Jul 20, 2017 10:37:15 AM IST I Like It. | Report Abuse
How to apply SME IPO thru HDFC ASBA? Pls guide
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