The upcoming IPO of Tamil Nadu-based Kuberan Global Edu Solutions Limited will open for subscription on Tuesday and close on Tuesday 27th March 2021, raising Rs 1.12 crores from the primary sector. The company has set the Initial Public Offering (IPO) date as well as the price range at which the shares will be offered for sale. Let’s take a peek at the particulars of the Kuberan Global Edu Solutions Limited IPO.
Kuberan Global Edu Solutions Limited IPO Date & Price Band
|IPO Open:||20 April 2021|
|IPO Close:||27 April 2021|
|Issue Type||Fixed Price Issue IPO|
|IPO Size:||Approx ₹1.12 Crore|
|Face Value:||10 Per Equity Share|
|Price Band:||₹20 Per Equity Share|
|Listing on:||BSE SME|
Kuberan Global Edu Solutions Limited IPO Market Lot
|Minimum Lot Size:||Minimum 6000 Shares|
|Minimum Lot Size:||Maximum 6000 Shares|
Kuberan Global Edu Solutions Limited IPO Allotment & Listing
|Basis of Allotment:||30 April 2021|
|Refunds:||03 May 2021|
|Credit to Demat Account:||04 May 2021|
|Listing Date:||05 May 2021|
Financials of Kuberan Global Edu Solutions Limited
|Total Assets (in ₹ lakhs)||175.19||156.19||163.93||123.32|
|Total Revenue (in ₹ lakhs)||62.60||90.85||98.75||82.80|
|Profit After Tax (in ₹ lakhs)||8.70||1.65||2.92||17.60|
About Kuberan Global Edu Solutions Limited
Kuberan Global Edu Solutions Limited (KGES), established in 2013, is a Tamil Nadu-based company that provides “TEST PREP” services such as Banking courses, Master of Business Administration Entrance exams, Accounting & Professional Courses (CA, CS, CMA), Staff Selection Commission (SSC), Other Competitive Exams and is expanding to include a variety of other TEST PREP courses.
Through the use of technology, the company offers courses through online teaching and classroom environments, following the Kuberan class (virtual learning concept). Clients can access e-learning through online web conferencing, video conferencing chat rooms, and Voice over IP (Internet Protocol).
Customized courses and training are also available to the government, corporations, and other educational institutions. Coimbatore, Tuticorin, Surat, and Udumalaipet are among the company’s training centres.
Objective of the Issue:
The company plans to use the funds from the IPO for the following purposes:
- Capital expenditure for using IT(Information Technology) to digitalize banking courses in an online mode.
- To fulfil general corporate objectives.