Bookbuilding IPO | ₹[.] Cr | Listing at NSE SME |
Bulls Eye Knowledge System Ltd. has refiled a Draft Red Herring Prospectus (DRHP) with the exchange on June 9, 2026 to raise funds through Initial Public Offer (IPO).
The initial submission on December 31, 2024 was withdrawn by the company on May 8, 2025 prompting the company to refile the documents.
Bulls Eye Knowledge System Ltd. IPO is a Book Build Issue consisting solely of fresh issue of upto 0.20 crore equity shares.
The equity shares are proposed to be listed on the NSE SME. Horizon Management Pvt.Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Bulls Eye Knowledge System IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 20,00,000 shares (agg. up to ₹[.] Cr) |
| Fresh Issue | 20,00,000 shares (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 51,40,881 shares |
| Share Holding Post Issue | 71,40,881 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Tue, Dec 31, 2024 |
| Offer document withdrawn | Thu, May 8, 2025 |
| Filed with SEBI/Exchange | Tue, Jun 9, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII Shares Offered | Not less than 15.00% of the Net Offer |
Incorporated in 2012, the company is a technology-led education solutions provider focused on delivering AI-enabled academic content, training, assessment, and digital learning solutions for colleges, schools, and competitive exam aspirants.
The company operates across three key business verticals: B2B education solutions for colleges and schools, B2C test preparation and competitive exam books, and B2B college branding and marketing services. It has developed a proprietary Education 4.0 compliant technology platform featuring AI-powered analytics, online testing, learning management systems, coding practice tools, mobile applications, and paperless education solutions.
Over the last 13 years, the company has evolved into a multi-solutions digital education firm with strong capabilities in academic content creation and technology development. It maintains a vast content repository of 4.4 lakh+ questions, 22,600+ videos, 7,700+ e-books, and 80+ published book titles.
As of March 31, 2026, the company had 80 employees and engaged up to 79 trainers for college projects during FY2026. Its growth strategy focuses on expanding AI-powered education solutions, placement readiness platforms, technical training services, and school-focused offerings across India.
Strengths
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 17.31 | 14.20 | 6.61 | 5.24 |
| Total Income | 14.74 | 17.44 | 14.31 | 10.13 |
| Profit After Tax | 4.02 | 4.48 | 3.34 | 0.87 |
| EBITDA | 5.57 | 6.21 | 4.59 | 1.30 |
| NET Worth | 12.84 | 8.82 | 0.28 | -3.07 |
| Reserves and Surplus | 7.70 | 3.68 | -0.02 | -3.37 |
| Total Borrowing | 1.81 | 3.41 | 5.00 | 6.02 |
| Amount in ₹ Crore | ||||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| PhysicsWallah Ltd. | Mainboard | ₹3,480.00 Cr | ₹109 | -116.86 | ₹155.24 | +42.42% | ₹136.05 (+0.55%) |
| Jaro Institute of Technology Management & Research Ltd. | Mainboard | ₹450.00 Cr | ₹890 | 34.88 | ₹744.25 | -16.38% | ₹492.65 (-1.04%) |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment on development of AI powered Attendance & Academic Operations Management Solution | 3.48 |
| 2 | Investment on development of AI powered Proctoring Solution for Academic Integrity | 2.04 |
| 3 | nvestment on Academic Content for AI powered Educational Content Delivery Engine for Schools | 4.60 |
| 4 | Working Capital | 11.00 |
| 5 | General corporate purposes | |
| Total | 21.12 |
| KPI | Dec 31, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 37.09% | 98.45% |
| ROCE | 36.66% | 49.28% |
| Debt/Equity | 0.14 | 0.39 |
| RoNW | 31.29% | 50.77% |
| PAT Margin | 27.59% | 25.75% |
| EBITDA Margin | 38.25% | 35.69% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 8.71 | 7.50 |
| Promoter Holding | 94.24% |
Lead Manager Reports
Bulls Eye Knowledge System IPO is a SME IPO of 20,00,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Bulls Eye Knowledge System IPO open and close dates are not available as of now.
Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Bulls Eye Knowledge System IPO using UPI as a payment gateway. Zerodha customers can apply in Bulls Eye Knowledge System IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Bulls Eye Knowledge System IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Bulls Eye Knowledge System IPO dates are not announced. Please check back again after some time.
Bulls Eye Knowledge System IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Bulls Eye Knowledge System IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Bulls Eye Knowledge System IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Bulls Eye Knowledge System IPO allotment status.
The Bulls Eye Knowledge System IPO listing date is not yet announced. The tentative date of listing is .
