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Birla Shloka Edutech Limited FPO (Birla Shloka FPO) Detail

Jan 11, 2010 - Jan 13, 2010

Incorporated in 1992, Birla Shloka Edutech Ltd is a Yash Birla Group Company in educational arena. Birla Shloka Edutech provides educational services through reliable, budget friendly and ethical approaches.

Birla Shloka Edutech Ltd. Presently provides end to end solutions in sales and services of various educational products to various educational institutes and government organisations.

The services provided by the company includes ICT and Multimedia in Private Schools, ICT solutions in government schools, Hardware, equipments and Software Product Sale.

The Equity Shares of the Company are presently listed on BSE, CSE and ASE and the shares issued through this FPO are proposed to be listed on all of these exchanges.

BSE Code: 511607
BSE Script ID: BIRSHLEDU

Current Price: 56.85 (07 Jan 09)
52 Weeks High: 90.30 (10 Sep 09)
52 Weeks Low: 19.05 (2 Feb 09)

Objects of the Issue:

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:

1. Capital expenditure for Turnkey Projects executed by the company under the BOOT model
2. Capital expenditure on upgradation of infrastructure and content development for XL@School
3. Funding the proposed M&A activities
4. To meet the Working Capital requirements
5. Meeting the Public Issue Expenses

Birla Shloka FPO Details

Issue OpenJan 11, 2010 - Jan 13, 2010
Issue TypeBook Built Issue FPO
Issue Size6,955,000 Eq Shares of ₹10
(aggregating up to ₹24.78 Cr)
Face Value₹10 Per Equity Share
Issue Price₹45 - ₹50 Per Equity Share
Market Lot120 Shares
Min Order Quantity120 Shares
Listing AtBSE

Birla Shloka FPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum1120₹6,000
Maximum333960₹198,000

Birla Shloka FPO Subscription Status (Bidding Detail)

Birla Shloka FPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Total

Shares Offered

3,308,335

992,500

2,315,835

6,616,670

Jan 13, 2010 17:00

0.00x

5.45x

1.76x

1.43x

Birla Shloka FPO Prospectus

Birla Shloka FPO Rating

74
3.3
Rating:Rated 3.3 stars

Vote Here ...

Birla Shloka FPO Listing Date

Listing DateFriday, January 29, 2010
BSE Script Code511607
NSE Symbol
Listing InB
ISININE814E01018
Issue Price₹50 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
BSE
₹50.00
₹49.00
₹46.15
₹51.40
₹50.00
983,748

Birla Shloka FPO Reviews / Ratings

Swastika Investmart - Apply for long term view.
S P Tulsian - Avoid.

Company Contact Information

Birla Shloka Edutech Limited
Industry House, 5th Floor,
159, Churchgate Reclamation,
Mumbai – 400 020

Phone: +91-22-2202 6340
Email: fpo@birlashloka.com
Website: http://www.birlashloka.com

Birla Shloka FPO Registrar

Bigshare Services Pvt Ltd
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

Phone: +91-22-6263 8200
Email: bigshare@bom7.vsnl.net.in
Website: http://www.bigshareonline.com

Birla Shloka FPO FAQs

  1. 1. What is Birla Shloka FPO?

    Birla Shloka FPO is an main-board initial public offering of 6,955,000 equity shares of the face value of ₹10 aggregating up to ₹24.78 Crores.

    The issue price of the IPO is ₹45 - ₹50 Per Equity Share. The minimum order quantity is 120 Shares per application and the offer type is Book Built Issue.

    The IPO opens on Jan 11, 2010 and closes on Jan 13, 2010.

    Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE.

  2. 2. When Birla Shloka FPO will open?

    The Birla Shloka FPO opens on Jan 11, 2010 and closes on Jan 13, 2010.

  3. 3. How to apply for Birla Shloka FPO?

    Birla Shloka FPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Birla Shloka FPO allotment?

    The finalization of Basis of Allotment for Birla Shloka FPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Birla Shloka FPO allotment status.

  5. 5. When is Birla Shloka FPO listing date?

    The Birla Shloka FPO listing date is on Friday, January 29, 2010, at BSE.

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Birla Shloka FPO Review / Comments

gem ipo finder
39. gem ipo finder  Mar 13, 2010 22:27 I Like It. | Report Abuse
mr narshimhan

u r trying to say that u did very good by applying in this co u dont know anything about value & secure investing my frend if u can apply in this co be rest asure that u are one of the gatiya ipo investor of our era
u must know that this YASH BIRLA co projects itself as EDUCOMP but in real trades at second hand computesr parts.
one day tumhara bada ............ marayega
N.NARASIMHAN
38. N.NARASIMHAN  Mar 13, 2010 22:11 I Like It. | Report Abuse
13th March 2010.

BIRLA SHLOKA - ANOTHER CASE OF “EXPERTS” BEING WRONG!

Tulsyan and some other “experts” on IPO and matters concerning listed stocks unequivocally advised investors against subscribing to the recent Birla Shloka IPO. Tulsyan even imputed the ulterior motive of the promoters wanting to rake in investors’ money using the mirage of computer education!

I chose to ignore such comments or advice and chose to apply for 1080 shares @ Rs.50/-. Thanks to thus depressed sentiments on this stock when the IPO drew to a close, retail portion was undersubscribed which resulted in my getting the full quantity I had applied for!

The stock has been witnessing value appreciation in the past few days and closed @ Rs.62/- on this week’s last trading day (12th March 2010), an appreciation of 24%!

Investors, especially retail investors, must realize that investing in the stock market, including investing in IPOs, involves risk and is not for the weak hearted. I have found many times, that ignoring “expert” advice and coming to investment decisions based on my own analysis, is more often the correct thing to do. Since I am investing my own money, (and not that of any “expert”) it is an obligation I impose on myself to be clear in my mind why I am either buying into a stock, or increasing my holding in a stock, or am getting out of a stock You cannot be a winner all the time nor can you be a loser all the time, but if you average out to be positive in a given time frame, you are on the right track.

This applies not merely to you and me, but even to God Himself, if He were to invest in stocks, anywhere in the world!

Investment experts and astrologers are two sides of the same coin. If things turn out as they have forecast, they will cry from house tops how right their analysis or prediction has been, and if things go wrong (more often that is the case), they go into hiding or hope you have forgotten what they said.

.
Jagdish Prasad Sharma
37. Jagdish Prasad Sharma  Feb 7, 2010 11:08 I Like It. | Report Abuse
It will give 10% profit within one week.
Srini
36. Srini  Feb 3, 2010 20:06 I Like It. | Report Abuse
Today it hit upper circuit of 10%, now what people will say who told not to apply.
ipo king
35. ipo king  Feb 3, 2010 10:51 I Like It. | Report Abuse
26-blog me hum ne kaha tha dekh lo must be subscribe,
aur aaj dekho 53.45----10% up hai,
invester make lots of money.....
Julious
34. Julious  Jan 29, 2010 17:39 I Like It. | Report Abuse
Cleared. at 1% gain from which the brokerage will go. No time to waste.
rama
33. rama  Jan 28, 2010 08:41 I Like It. | Report Abuse
Spending time on tracking this stock is simply waste of time!!!
IPO
32. IPO  Jan 27, 2010 15:57 I Like It. | Report Abuse
Hi, Allotment status in now online. Check on bigshare Site. Allotmenht status of Infinite is also avaiiable on Bigshare.
Julious
31. Julious  Jan 27, 2010 12:40 I Like It. | Report Abuse
Looks like 100% alloted. The complete money blocked through bank is taken.
Rama
30. Rama  Jan 24, 2010 07:47 I Like It. | Report Abuse
Those of you who have applied for birla shloka, book your profit on listing.

Discl: I have not applied for this FPO.
Akshat Shah
29. Akshat Shah  Jan 23, 2010 14:14 I Like It. | Report Abuse
Boss ye issue Discount me to kab ka chala gaya he.
IPO KING
28. IPO KING  Jan 20, 2010 16:18 I Like It. | Report Abuse
27. rama Jan 16, 2010 1:31:10 PM IST Report Spam!
This looks like a very good FPO.
This will be remembred as FPO of this year 2010!!!


It will be remembered but negatively.
rama
27. rama  Jan 16, 2010 12:31 I Like It. | Report Abuse
This looks like a very good FPO.
This will be remembred as FPO of this year 2010!!!
ipo king
26. ipo king  Jan 13, 2010 16:45 I Like It. | Report Abuse
must be subscribe in this ipo,
B'coz you make lots of money in this ipo.........
manoj
25. manoj  Jan 13, 2010 12:15 I Like It. | Report Abuse
Anyone know how to apply Birla FPO through ICICI direct ?Could not see its option however Infinite option is availble.
Julious
24. Julious  Jan 12, 2010 21:15 I Like It. | Report Abuse
Does any Credit card company allows you to apply for IPO using the card
Ravi, Bangalore
23. Ravi, Bangalore  Jan 12, 2010 14:09 I Like It. | Report Abuse
BACK TO SCHOOL

This is further to Post No. 12.

Fair value seen less than Rs.35. Valuation look expensive given its small operation.

The size of the company is much small. The large dilution in equity will mean that EPS will take time to reach meaningful levels. The upside from the IPO given the above factors is limited and the risk reward ratio is not favourable, unless the shares are issued at the lower band of Rs.45 and the market price does not dip below that level by that time.

TECHNICAL OUTLOOK

The stock closed at Rs.57.25 (52 week high Rs. 90.30 low Rs. 19.05).

If closes above 59, target 62-64 zone, 66-69 zone or even 72+. Support 56-57 range. Stop-loss 53.

FPO investors make profit only if stays above issue price of 50 at the time of listing (during arrival of fresh supply of new shares).
IMRAN
22. IMRAN  Jan 11, 2010 21:43 I Like It. | Report Abuse
I am Avoid This FPO Yesh birla group not much better then outhers we can get more chance in more IPO's so wait for good IOP we can subscrib inifinite Ipo for Good listing gain i hope its better then Birla ....
Akshat Shah
21. Akshat Shah  Jan 11, 2010 21:37 I Like It. | Report Abuse
2day's Closing Price is 58.
Nandkishore jethani
20. Nandkishore jethani  Jan 11, 2010 13:43 I Like It. | Report Abuse
i want to invest in birla shloka education FPO. I want to know the form availibility of this FPO



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