IPO Stock

Kuberan Global Edu Solutions Limited IPO

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 TypeFixed 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
Retail Portion:50%
Equity:558,000 Shares

Kuberan Global Edu Solutions Limited IPO Market Lot

Minimum Lot Size:Minimum 6000 Shares
Minimum Amount:₹1,20,000
Minimum Lot Size:Maximum 6000 Shares
Minimum Amount:₹1,20,000

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)175.19156.19163.93123.32
Total Revenue (in ₹ lakhs)62.6090.8598.7582.80
Profit After Tax (in ₹ lakhs)8.701.652.9217.60

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.

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