Ascensive Educare was incorporated on December 26, 2012. The company is engaged in the business of training and skill development offering vocational training, and educational consulting in collaboration with Central Government, State Governments and various Industries and Industry Associations.
| Bidding Dates |
|---|
| 30 Dec 2021 - 04 Jan 2022 |
| Subscription |
|---|
| 2.67x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,04,000 | 1 | 1 | 4000 | 868.0 K | ₹26 | 72.95 % | ₹22.6 M | RHP DOC |
Ascensive Educare IPO SUBSCRIPTION STATUS
04 Jan '22Ascensive Educare IPO overall subscription rate was 2.67 times the total available shares
Ascensive Educare IPO retail subscription rate was 4.11 times in the retail segment
Ascensive Educare IPO non-institutional investor subscription rate was 1.24 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
03 Jan 2022 (Day 3) | 2.31x | 1.12x | - |
04 Jan 2022 (Day 4) | 4.11x | 1.24x | - |
30 Dec 2021 (Day 1) | 0.52x | 0.71x | - |
31 Dec 2021 (Day 2) | 1.11x | 0.71x | - |
Ascensive Educare FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) | Margins |
| 3MFY22 | 1.1 | 31.5 | 1.8 | -18.2 | 11.7% |
| FY21 | 4.4 | 100.4 | 15.9 | 15.0 | 15.9% |
| FY20 | 4.3 | 95.4 | -0.1 | -3.2 | 16.2% |
| FY19 | 2.8 | 90.8 | -17.5 | -26.2 | 10.5% |
Ascensive Educare IPO SUBSCRIPTION STATUS DETAILS
Ascensive Educare had 868.0 K shares on offer
Ascensive Educare IPO offer price was ₹26
Ascensive Educare IPO minimum Investment was ₹104000
Ascensive Educare IPO issue size was ₹ 22.6 M
Ascensive Educare had a minimum lot size of 4000 Shares per application
Ascensive Educare NUMBER OF SHARES ON OFFER
Ascensive Educare IPO IMPORTANT DATES
| Issue Open Date | 30 Dec 2021 |
| Issue close Date | 04 Jan 2022 |
| Allotment Date | 07 Jan 2022 |
| Refund Date | 10 Jan 2022 |
| Demat Account Credit Date | 11 Jan 2022 |
| Listing Date | 12 Jan 2022 |
| Listing on Exchange(s) | BSE |
| Ascensive Educare Allotment Status | Exchange |
Ascensive Educare IPO subscription opened on 30 Dec 2021, and closed on 04 Jan 2022
IPO allotment for Ascensive Educare was finalized on Friday, 07 Jan 2022
IPO listing for Ascensive Educare was on BSE on Wednesday, 12 Jan 2022
Ascensive Educare IPO LISTING GAINS
| Issue Price (adjusted) | 2.6 |
| Listing Open Price | 31.6 |
| Listing Close Price | 28.9 |
| Listing Gain% | 21.4% |
| Current Gain% | 611.5% |
Ascensive Educare Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ascensive Educare Ltd. | 18.5 | 5.9 | 22.1 | -0.2 | 0.1 | 18 | 9.6 | 59.1 | 64.6 | 3.4 | 30.8 | 0.8 | -89.7 |
| Physicswallah Ltd. | 126.3 | 36646.9 | -1629.4 | -18.2 | 9.4 | -0.5 | -0.3 | 4131 | 35.9 | -22.5 | 89.6 | -0.1 | 89.6 |
| NIIT Learning Systems Ltd. | 247 | 3409.2 | 13.3 | 0.7 | 1.7 | 16 | 8.1 | 1987.9 | 17.1 | 247.7 | 8.9 | 18.5 | 18 |
| Shanti Educational Initiatives Ltd. | 201.6 | 3247.7 | 551.2 | -33.3 | 58.4 | 7.7 | 5.8 | 59.4 | -5.9 | 5.9 | -16.6 | 0.4 | -16.6 |
| Crizac Ltd. | 185 | 3237.2 | 14.7 | 0.4 | 3.1 | 37.5 | 25 | 1071.1 | 21.1 | 219.1 | 43.3 | 12.6 | 40.2 |
| Mobavenue AI Tech Ltd. | 309.8 | 2323.5 | 94.1 | 0 | 13.1 | 32.4 | 14.3 | 220.2 | 4576 | 29.3 | 3706.7 | 3.3 | 2384.1 |
Ascensive Educare INFORMATION ON IPO ISSUE
About Ascensive Educare
Ascensive Educare was incorporated on December 26, 2012. The company is engaged in the business of training and skill development offering vocational training, and educational consulting in collaboration with Central Government, State Governments and various Industries and Industry Associations.
Object of the Issue
1.Funding the working capital requirements of the company
2.General corporate purposes
Ascensive Educare - PROMOTERS
| Name |
|---|
| Abhijit Chatterjee |
| Sayani Chatterjee |
Ascensive Educare Lead Manager
Gyr Capital Advisors Private Limited
info@gyrcapitaladvisors.com
Ascensive Educare Registrar to the Offer
Link Intime India Private Limited
ascensive.ipo@linkintime.co.in
Ascensive Educare Strengths
Skill development
Providing industry oriented training towards development of skilled workforce.
New age product
The ability to serve to Growing Domestic Economy and Technological advances with our new age products
Experienced team
Experienced and Qualified Management and skilled and dedicated manpower
Ascensive Educare Risks
Outstanding litigation
Outstanding litigations involving the company, promoters, directors, group companies and subsidiaries
Dependent on the key personnel
Success depends largely on senior management and ability to attract and retain key personnel
Competitive market
Operates in a significantly fragmented and competitive market
IPO FAQs
Ascensive Educare Ltd. IPO listing opened at Rs 31.55 while the issue price was Rs 26.00 giving 21.35% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 2.60 giving 611.54% gains since its IPO listing.
The promoters of the company are Abhijit Chatterjee and Sayani Chatterjee.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 26.0 - 26.0.
The IPO application opens on Dec 30, 2021 and closes on Jan 04, 2022.
The minimum lot size for the IPO is 4000. The maximum lot size for the IPO is 4000.
For all category investors, the minimum application amount for this IPO is Rs. 104,000.0, the maximum value for this IPO is Rs 104,000.0.
This IPO will be allotted on Jan 07, 2022.
The refund will be credited to your account on Jan 10, 2022.
The allotted shares will be credited to your demat on Jan 11, 2022.
Ascensive Educare Ltd.’s shares listed on the stock exchanges on Jan 12, 2022.