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Ascensive Educare Limited IPO (Ascensive Educare IPO) Detail

Dec 30, 2021 - Jan 4, 2022

Ascensive Educare is a skill development company offering vocational training, and educational consulting in collaboration with Central Government, State Governments, and various Industries and Industry Associations. The company provides the platform for the skill developments at the grass-roots level to skill and re-skill the workforce of India.

The company is NSDC accredited with NSFQ compliant course curriculum. The training courses are provided by experienced trainers certified by the Sector Skills Council. The company has trained more than 50,000+ trainees under various hardware, networking and management programs in Kolkata. Apart from providing national vocational qualifications, the company also delivers short courses, skill sets, and workshops to professionals and businesses.

Company Promoters:

Mr. Abhijit Chatterjee and Mrs. Sayani Chatterjee are the company promoters.

Company Financials:

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Millions)
30-Jun-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 139.73 123.45 106.46 82.24
Total Revenue 32.13 102.73 96.13 91.83
Profit After Tax 1.09 4.40 4.34 2.80

Objects of the Issue:

  • Funding the working capital requirements of the company; and
  • General corporate purposes

Ascensive Educare IPO Details

IPO Opening Date Dec 30, 2021
IPO Closing Date Jan 4, 2022
Issue Type Fixed Price Issue IPO
Face Value ₹10 per equity share
IPO Price ₹26 per equity share
Market Lot 4000 Shares
Min Order Quantity 4000 Shares
Listing At BSE SME
Issue Size868,000 Eq Shares of ₹10
(aggregating up to ₹2.26 Cr)
Fresh Issue868,000 Eq Shares of ₹10
(aggregating up to ₹2.26 Cr)

Ascensive Educare IPO Tentative Timetable

The Ascensive Educare IPO open date is Dec 30, 2021, and the close date is Jan 4, 2022. The issue may list on Jan 12, 2022.

IPO Open Date Dec 30, 2021
IPO Close Date Jan 4, 2022
Basis of Allotment Date Jan 7, 2022
Initiation of Refunds Jan 10, 2022
Credit of Shares to Demat Account Jan 11, 2022
IPO Listing Date Jan 12, 2022

Ascensive Educare IPO Lot Size

The Ascensive Educare IPO market lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹104,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 4000 ₹104,000
Maximum 1 4000 ₹104,000

Ascensive Educare IPO Promoter Holding

Pre Issue Share Holding 100.00%
Post Issue Share Holding 72.95%

Ascensive Educare IPO Review

AEL is operating in a highly competitive and fragmented segment. There are many established players in this sector. Company’s financial performance is not in line with the asking price. Longer gestation for migration to the mainboard is a major hitch. There is no harm in ignoring this aggressively priced IPO. Read detail review...

Ascensive Educare IPO Subscription Status (Bidding Detail)

The Ascensive Educare IPO is subscribed 2.67 times on Jan 4, 2022 7:50:00 PM. The public issue subscribed 4.11 times in the retail category, times in the QIB category, and 1.24 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII1.24
Retail4.11
Total2.67

Ascensive Educare IPO Prospectus

Ascensive Educare IPO Rating

59
3.9
Rating:Rated 3.9 stars
Vote Here ...

Ascensive Educare IPO Listing Date

Listing Date Wednesday, January 12, 2022
BSE Script Code 543443
NSE Symbol
Listing In TS Group of Securities
ISIN INE0E4I01019
IPO Price ₹26 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹26.00
₹27.60
₹27.50
₹28.95
₹28.95

Company Contact Information

Ascensive Educare Limited
1110 Rasbihari Avenue,
Fatokgora, Chandannagar,
Hooghly, West Bengal – 712 136
Phone: (033)-4071 -661
Email: info@aimetr.com
Website: https://www.ascensiveeducare.com/

Ascensive Educare IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: ascensive.ipo@linkintime.co.in
Website: https://linkintime.co.in/

Ascensive Educare IPO Reviews / Ratings

Ascensive Educare IPO FAQs

Ascensive Educare IPO is a SME IPO of 868,000 equity shares of the face value of ₹10 aggregating up to ₹2.26 Crores. The issue is priced at ₹26 per equity share. The minimum order quantity is 4000 Shares.

The IPO opens on Dec 30, 2021, and closes on Jan 4, 2022.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Ascensive Educare IPO using UPI as a payment gateway. Zerodha customers can apply in Ascensive Educare IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Ascensive Educare IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Ascensive Educare IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Ascensive Educare IPO opens on Dec 30, 2021 and closes on Jan 4, 2022.

Ascensive Educare IPO lot size is 4000 Shares and the minimum order quantity is 4000 Shares.

You can apply in Ascensive Educare IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Ascensive Educare IPO will be done on Jan 7, 2022, and the allotted shares will be credited to your demat account by Jan 11, 2022. Check the Ascensive Educare IPO allotment status.

The Ascensive Educare IPO listing date is on Wednesday, January 12, 2022.

Ascensive Educare IPO Message Board

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