Aakash Educational Services Ltd - IPO

Aakash Educational Services Ltd IPO Details

Initial public offering of 18,500,000 equity shares of face value of Rs. 5 each (equity share) of Aakash Educational Services Limited (the company or the company) for cash at a price of Rs. (*) per equity share (the offer price) aggregating to Rs. (*) Crores through an offer for sale consisting of 14,427,015 equity shares by mr. J.C. Chaudhry and 1,366,773 equity shares by mr. Aakash Chaudhry (collectively the promoter selling shareholders) and 1,865,646 equity shares by ms. Kamla chaudhry, 389,530 equity shares by Dr. Aashish chaudhry, 225,518 equity shares by dr. Meinal chaudhry and 225,518 equity shares by ms. Neetu chaudhry (collectively the other selling shareholders and together with the promoter selling shareholders, the selling shareholders, and such offer, the offer or the offer for sale). The offer includes a reservation of up to (*) equity shares, aggregating to Rs. (*) Crores for purchase by eligible employees (as defined hereinafter) not exceeding 5% of the post-offer paid-up equity share capital (the employee reservation portion). The offer less the employee reservation portion is hereinafter referred to as the net offer. The offer and the net offer shall constitute (*)% and (*)%, respectively of the fully-diluted postoffer paid-up equity share capital of the company.The face value of equity shares is Rs. 5 each. The price band, the amount of discount, if any, to retail individual investors (the retail discount) and the eligible employees bidding in the employee reservation portion (the employee discount) and the minimum bid lot will be decided by the company,

Objective of issue

Listing of Shares on the Stock Exchanges.

Aakash Educational Services Ltd Contact Details

Aakash Educational Services Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060