Shanti Educational Initiatives Ltd IPO

Closed

Subscription Details

  • Open Date 01 Jun
  • Close Date 06 Jun
  • Lot Size 1600
  • IPO Size ₹ 39.6 Cr
  • IPO Price Range ₹ 90
  • Min Investment ₹ 144000

Shanti Educational Initiatives Ltd IPO Timeline

Open Date
01 Jun
Close Date
06 Jun
Basis of Allotment
-
Refunds
-
Credit to Demat Account
-
Listing Date
-

IPO Synopsis

Public issue of 44,00,000 equity shares of Rs. 10 each (equity shares) of Shanti Educational Initiatives Limited (SEIL or the company or the issuer) for cash at a price of Rs. 90 per share (the issue price), aggregating to Rs. 39.60 crores (the issue) consisting of an offer for sale of 36,00,000 equity shares by the selling shareholders aggregating to Rs. 32.40 crores and fresh issue of 8,00,000 equity shares aggregating to Rs. 7.20 crores, of which, 2,40,000 equity shares of Rs. 10 each 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. Issue of 41,60,000 equity shares of Rs. 10 each is hereinafter referred to as the net issue. The issue and the net issue will constitute 27.33% and 25.84%, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10 each and the issue price of Rs. 90 is 9.0 times of the face value.

How to apply for an IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Shanti Educational Initiatives Ltd IPO

Contact Information

Address

A Wing 604 Mondeal Square,
SG Highway Prahaladnagar,
Ahmedabad, Gujarat 380015

Shanti Educational Initiatives Ltd IPO Lead Manager

Guiness Corporate Advisors Pvt Ltd
Open Demat Account