In an exciting development, Bulls Eye Knowledge System Ltd. has taken a significant step towards its Initial Public Offering (IPO) by refiling its Draft Red Herring Prospectus (DRHP) on June 9, 2026 with the the NSE SME Notably, this company had previously submitted its IPO documents to SEBI on December 31, 2024.
A Snapshot of the Company:
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.
IPO Details and Strategic Objectives:
As per DRHP filled on Jun 9, 2026, the company is planning to offer consists solely of fresh issue of 0.20 crore equity shares.
Allocation strategy includes Not more than 50% of the Net Issue for Qualified Institutional Buyers (QIBs), Not less than 15.00% of the Net Offer for Non-Institutional Investors and Not less than 35% of the Offer for Retail Individual Biddersrespectively.
Bulls Eye Knowledge System IPO Purpose
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 |
Financial Performance Highlights:
Bulls Eye Knowledge System Ltd.’s total income grew by 21%, reached ₹17.44 crore in Mar 31, 2025, compared to ₹14.31 crore in Mar 31, 2024.
For the same period, profit after tax jumped 34% to ₹4.48 crore, compared to ₹3.34 crore.
For the latest period ended on Dec 31, 2025, its total income stood at ₹14.74 crore and PAT stood at ₹4.02 crore.
Key IPO Management Team:
Leading the charge, the Book-Running Lead Manager (BRLM) for the IPO is Horizon Management Pvt.Ltd., with Maashitla Securities Pvt.Ltd. entrusted as the Issue Registrar.
