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Incorporated in 1997, Siddharth Education Services Limited provides tutorial coaching services for students of professional courses in India. It offers tutorial services for company secretary, chartered accountancy, and cost and management accountancy, as well as CFA courses.
Currently they have 4 (four) Company operated centres and a team of 22 faculty members. The company offers test series courses which have been systematically designed to provide effective and efficient education to students in simple and lucid manner. A partnership arm of the group is engaged in farming segment which has negligible contribution in revenues but investment made is much higher than education segment.
The object of the issue are:
1. Establishment of new Coaching Centres
2. Acquisition of human resource training centres
3. Digital marketing and online training
4. General corporate purpose
| Siddharth Education IPO Date | Sep 29, 2017 to Oct 5, 2017 |
| Siddharth Education IPO Face Value | ₹10 per share |
| Siddharth Education IPO Price | ₹30 to ₹35 per share |
| Siddharth Education IPO Lot Size | 4000 Shares |
| Issue Size | 3,108,000 shares of ₹10 (aggregating up to ₹10.88 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Company Promoters | Mr. Vinay Shantaram Bhagwat is the promoter of the company. |
The Siddharth Education IPO lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹140,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 4000 | ₹140,000 |
| Maximum | 1 | 4000 | ₹140,000 |
Considering roller-coaster ride for the education sector and aggressive pricing of the issue, cash surplus risk savvy investors may consider investment for long term. Read detail review...
The Siddharth Education IPO is subscribed times on Oct 5, 2017 5:00:00 PM. The public issue subscribed times in the retail category, times in the QIB category, and times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| Listing Date | Thursday, October 12, 2017 |
| BSE Script Code | 540736 |
| NSE Symbol | |
| Listing In | M Group of Securities |
| ISIN | INE930X01012 |
| IPO Price | ₹35 per share |
| Face Value | ₹10 per share |
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Siddharth Education Services Ltd
101 1st Floor Chirag Arcade,
Behind Nagrik Stores E R Road,
Thane (West) - 400601
Phone: +91-22-25334903
Email: siddharth_academy@yahoo.co.in
Website: http://www.siddharthacademy.com
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/
Siddharth Education IPO is a SME IPO of 3,108,000 equity shares of the face value of ₹10 aggregating up to ₹10.88 Crores. The issue is priced at ₹30 to ₹35 per share. The minimum order quantity is 4000 Shares.
The IPO opens on Sep 29, 2017, and closes on Oct 5, 2017.
KFin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Siddharth Education IPO opens on Sep 29, 2017 and closes on Oct 5, 2017.
Siddharth Education IPO lot size is 4000 Shares and the minimum order quantity is .
You can apply in Siddharth Education 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 Siddharth Education IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Siddharth Education IPO allotment status.
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Siddharth Education SME IPO is LISTING ON BSE SME PLATFORM in M Group On 12.10.2017 (THURSDAY)
Will list @ 39-40 .ISSUE PRICE 35/- ....buy FOR 3 Upper Circuits ---- @ 42/- + 50.4 + 60.5
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