Kuberan Global Edu Solutions Limited IPO Detail
Incorporated in 2013, Kuberan Global Edu Solutions Limited (KGES) is a Tamil Nadu based company that offers "TEST PREP" segment services including Banking courses, Accounting & Professional Courses (CA, CS, CMA), Master of Business Administration Entrance exams, Staff Selection Commission (SSC), and Other Competitive Exams.
The company follows Kuberan class (virtual learning concept) through the use of IT to offer courses via online teaching and classroom environment. Online web conferencing, video conferencing chat rooms, Voice over IP (Internet Protocol) are used to provide e-learning facilities to clients. It also provides custom courses and offers customized training to the government, corporates, and other educational institutions. The company has training units in Coimbatore, Tuticorin, Surat, Udumalaipet.
Competitive strengths
- Strong product portfolio with multiple courses.
- Professional qualified and experienced management team.
- Technical excellence and dedicated workforce.
- Offers courses through both online and offline routes.
Company Promoters
Mr. Chandramouleeswaran Krishnan is the promoter of the company.IPO Details
| IPO Opening Date | Apr 20, 2021 |
| IPO Closing Date | Apr 27, 2021 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹20 per equity share |
| Market Lot | 6000 Shares |
| Min Order Quantity | 1 Shares |
| Listing At | BSE SME |
| Issue Size | ₹1.12 Cr |
| Fresh Issue | - |
| Offer for Sale | - |
| Retail Portion | - |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.20x | 0.30x | 0.25x | |
| Day 2 | - | - | 0.20x | 0.30x | 0.25x | |
| Day 3 | - | - | 0.68x | 1.39x | 1.03x | |
| Day 4 | - | - | 0.80x | 1.93x | 1.36x | |
| Day 5 | - | - | 1.14x | 3.14x | 2.14x | |
| Day 6 | - | - | 1.41x | 5.18x | 3.30x |
IPO Tentative Timetable
The Kuberan Global Edu Solutions Limited IPO open date is Apr 20, 2021, and the close date is Apr 27, 2021. The issue may list on May 05, 2021.
| IPO Open Date | Apr 20, 2021 |
| IPO Close Date | Apr 27, 2021 |
| Basis of Allotment Date | Apr 30, 2021 |
| Initiation of Refunds | May 03, 2021 |
| Credit of Shares to Demat Account | May 04, 2021 |
| IPO Listing Date | May 05, 2021 |
IPO Lot Size
The Kuberan Global Edu Solutions Limited IPO market lot size is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹120000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 6000 | ₹120000 |
| Maximum | 1 | 6000 | ₹120000 |
IPO Promoter Holding
| Pre Issue Share Holding | 93.36% |
| Post Issue Share Holding | 68.63% |
Company Financials:
For the year/period ended (₹ in Crs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Oct-20 | 175.19 | 62.60 | 8.70 |
| 31-Mar-20 | 156.19 | 90.85 | 1.65 |
| 31-Mar-19 | 163.93 | 98.75 | 2.92 |
| 31-Mar-18 | 123.32 | 82.80 | 17.60 |
Objects of the Issue:
The company aims to raise money for the following purposes;
- Capital expenditure for Digitalizing Banking Course through online mode by using IT (Information Technology).
- To meet general corporate purposes.
