Siddharth Education Services Ltd - IPO

Siddharth Education Services Ltd IPO Details

Public issue of 31,08,000 equity shares of face value of Rs. 10 each of Siddharth Education Services Limited (the company or the issuer) for cash at a price of Rs. 35 per equity share including a share premium of Rs. 25 per equity share (the issue price) aggregating to Rs. 10.88 Crores (the issue), of which 1,56,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 35 per equity share including a share premium of 25 per equity share aggregating to Rs. 0.55 crores will be reserved for subscription by market maker to the issue (the market maker reservation portion). The issue less the market maker reservation portion i.e. net issue of 29,52,000 equity shares of face value of Rs. 10 each at a price of Rs. 35 per equity share aggregating to Rs. 10.33 Crores is herein after referred to as the net issue. The issue and the net issue will constitute 26.79% and 25.45% respectively of the post issue paid up equity share capital of the company.Issue Price: Rs.35 per equity share. The face value of the equity share is Rs.10 each. The offer price is 3.5 times the face value.

Objective of issue

Establishment of new coaching centres. Acquisition of human resource training centres. Digital marketing and online training. General corporate purpose.

Siddharth Education Services Ltd Contact Details

Siddharth Education Services Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - siddharth_academy@yahoo.co.in