Ascensive Educare Limited IPO Detail
Ascensive Educare is a skill development company offering vocational training, and educational consulting in collaboration with Central Government, State Governments, and various Industries and Industry Associations. The company provides the platform for the skill developments at the grass-roots level to skill and re-skill the workforce of India.
The company is NSDC accredited with NSFQ compliant course curriculum. The training courses are provided by experienced trainers certified by the Sector Skills Council. The company has trained more than 50,000+ trainees under various hardware, networking and management programs in Kolkata. Apart from providing national vocational qualifications, the company also delivers short courses, skill sets, and workshops to professionals and businesses.
Company Promoters
Mr. Abhijit Chatterjee and Mrs. Sayani ChatterjeeIPO Details
| IPO Opening Date | Dec 30, 2021 |
| IPO Closing Date | Jan 04, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹26 per equity share |
| Market Lot | 4000 Shares |
| Min Order Quantity | 4000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹2.26 Cr |
| Fresh Issue | ₹2.26 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.71x | 0.52x | 0.62x | |
| Day 2 | - | - | 0.71x | 0.96x | 0.84x | |
| Day 3 | - | - | 1.12x | 2.31x | 1.71x | |
| Day 4 | - | - | 1.24x | 4.11x | 2.67x |
IPO Tentative Timetable
The Ascensive Educare Limited IPO open date is Dec 30, 2021, and the close date is Jan 04, 2022. The issue may list on Jan 12, 2022.
| IPO Open Date | Dec 30, 2021 |
| IPO Close Date | Jan 04, 2022 |
| Basis of Allotment Date | Jan 07, 2022 |
| Initiation of Refunds | Jan 10, 2022 |
| Credit of Shares to Demat Account | Jan 11, 2022 |
| IPO Listing Date | Jan 12, 2022 |
IPO Lot Size
The Ascensive Educare Limited IPO market lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹104000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 4000 | ₹104000 |
| Maximum | 1 | 4000 | ₹104000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 72.95% |
Company Financials:
For the year/period ended (₹ in Millions)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 30-Jun-21 | 139.73 | 32.13 | 1.09 |
| 31-Mar-21 | 123.45 | 102.73 | 4.40 |
| 31-Mar-20 | 106.46 | 96.13 | 4.34 |
| 31-Mar-19 | 82.24 | 91.83 | 2.80 |
Objects of the Issue:
- Funding the working capital requirements of the company; and
- General corporate purposes
Ascensive Educare Limited IPO Registrar:
Link Intime India Private Ltd
Ascensive Educare Limited IPO Lead Manager(s):
GYR Capital Advisors Limited
