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Ascensive Educare IPO is a fixed price issue of Rs 2.26 crores. The issue is entirely a fresh issue of 8.68 lakh shares.
Ascensive Educare IPO bidding started from December 30, 2021 and ended on January 4, 2022. The allotment for Ascensive Educare IPO was finalized on Friday, January 7, 2022. The shares got listed on BSE SME on January 12, 2022.
Ascensive Educare IPO price is ₹26 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹104,000.
GYR Capital Advisors Private Limited is the book running lead manager of the Ascensive Educare IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Ascensive Educare IPO RHP for detailed information.
| IPO Date | December 30, 2021 to January 4, 2022 |
| Listing Date | January 12, 2022 |
| Face Value | ₹10 per share |
| Price | ₹26 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 868,000 shares (aggregating up to ₹2.26 Cr) |
| Fresh Issue | 868,000 shares (aggregating up to ₹2.26 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 44,000 shares |
Ascensive Educare IPO offers 868,000 shares. 412,000 (47.47%) to NII, 412,000 (47.47%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 44,000 (5.07%) |
| Other Shares Offered | 412,000 (47.47%) |
| Retail Shares Offered | 412,000 (47.47%) |
| Total Shares Offered | 868,000 (100%) |
Ascensive Educare IPO opens on December 30, 2021, and closes on January 4, 2022.
| IPO Open Date | Thursday, December 30, 2021 |
| IPO Close Date | Tuesday, January 4, 2022 |
| Basis of Allotment | Friday, January 7, 2022 |
| Initiation of Refunds | Monday, January 10, 2022 |
| Credit of Shares to Demat | Tuesday, January 11, 2022 |
| Listing Date | Wednesday, January 12, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 4, 2022 |
Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹104,000 |
| Retail (Max) | 1 | 4000 | ₹104,000 |
| Lot Size Calculator | |||
Mr. Abhijit Chatterjee and Mrs. Sayani Chatterjee are the company promoters.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 72.95% |
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.
| 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 | |
The market capitalization of Ascensive Educare IPO is Rs 8.34 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 18.98 |
[Dilip Davda] 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...
The Ascensive Educare IPO is subscribed 2.67 times on January 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)
| Category | Subscription (times) |
|---|---|
| Other | 1.24 |
| Retail | 4.11 |
| Total | 2.67 |
| Listing Date | January 12, 2022 |
| BSE Script Code | 543443 |
| NSE Symbol | |
| ISIN | INE0E4I01019 |
| Final Issue Price | ₹26 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹26.00 |
| ₹27.60 |
| ₹27.50 |
| ₹28.95 |
| ₹28.95 |
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/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: ascensive.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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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 share. The minimum order quantity is 4000 Shares.
The IPO opens on December 30, 2021, and closes on January 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
Visit Zerodha IPO Application Process Review for more detail.
The Ascensive Educare IPO opens on December 30, 2021 and closes on January 4, 2022.
Ascensive Educare IPO lot size is 4000 Shares, and the minimum amount required is ₹104,000.
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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Ascensive Educare IPO will be done on Friday, January 7, 2022, and the allotted shares will be credited to your demat account by Tuesday, January 11, 2022. Check the Ascensive Educare IPO allotment status.
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