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Incorporated in 2010, Shanti Educational Initiatives Ltd (SEIL) engaged in the business of providing educational support services to preschools, K-12 and premium category preschools in India. Three business units of the company are as under:
Shanti Juniors: With 154 franchised preschools under the brand name of 'Shanti Juniors' spread over western, southern and northern region in India, they are rapidly growing popularity in preschool segment.
Shanti Asiatic School: Under the brand name of 'Shanti Asiatic School' there are 6 K-12 schools having over approximately 3600 students.
Shanti's Hopskotch: There are 5 premium category preschools to serve the niche segment which aspire for premium quality education, ambience and learning environment for children under the brand name of 'Shanti's Hopskotch'.
Company is headquartered in Ahmedabad, Gujrat. Apart from Gujarat Company's presence is also concentrated in the states of Rajasthan, Bihar, Maharashtra, Karnataka, and Tamil Nadu.
The promoters of the company are:
1. Mr. Vedprakash D. Chiripal
2. Mr. Brijmohan D. Chiripal
3. Mr. Vishal V. Chiripal
4. Ms. Vineeta V. Chiripal and
5. Mr. Ronak B. Agarwal
The objects of the Issue are:
1. Construction of School Building Project at Vastral in Gujarat
2. General Corporate Expenses
3. Issue Expenses
| IPO Opening Date | Jun 1, 2016 |
| IPO Closing Date | Jun 6, 2016 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹90 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | BSE SME |
| Issue Size | 4,400,000 Eq Shares of ₹10 (aggregating up to ₹39.60 Cr) |
The Shanti Educational IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹144,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹144,000 |
| Maximum | 1 | 1600 | ₹144,000 |
| Listing Date | Tuesday, June 14, 2016 |
| BSE Script Code | 539921 |
| NSE Symbol | |
| Listing In | M Group of Securities |
| ISIN | INE440T01010 |
| IPO Price | ₹90 per equity share |
| Face Value | ₹10 per equity share |
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Shanti Educational Initiatives Ltd
283, New Cloth Market,
Ahmedabad- 380002
Phone: +91-79- 26734660/62/63
Email: Info@seil.edu.in
Website: http://www.sei.edu.in
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: seil.ipo@linkintime.co.in
Website: http://www.linkintime.co.in
Shanti Educational IPO is a SME IPO of 4,400,000 equity shares of the face value of ₹10 aggregating up to ₹39.60 Crores. The issue is priced at ₹90 per equity share. The minimum order quantity is 1600 Shares.
The IPO opens on Jun 1, 2016, and closes on Jun 6, 2016.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Shanti Educational IPO opens on Jun 1, 2016 and closes on Jun 6, 2016.
Shanti Educational IPO lot size is 1600 Shares and the minimum order quantity is 1600 Shares.
You can apply in Shanti Educational 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 Shanti Educational IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Shanti Educational IPO allotment status.
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