Nifty 18065.85 (-0.80%)
Sensex 60726.99 (-0.68%)
Nifty Bank 40377.9 (-1.21%)
Nifty IT 35423.95 (-0.23%)
Nifty Financial Services 19257.8 (-1.27%)
Adani Ports 698.05 (-6.41%)
Asian Paints 3107.10 (0.40%)
Axis Bank 777.80 (-1.23%)
B P C L 425.30 (-0.56%)
Bajaj Auto 3804.90 (0.75%)
Bajaj Finance 7406.30 (-1.01%)
Bajaj Finserv 17888.80 (-0.68%)
Bharti Airtel 701.30 (-0.15%)
Britannia Inds. 3698.00 (0.00%)
Cipla 914.80 (-0.83%)
Coal India 168.70 (-2.82%)
Divis Lab. 5185.85 (0.71%)
Dr Reddys Labs 4633.45 (-0.63%)
Eicher Motors 2541.90 (-1.63%)
Grasim Inds 1717.90 (-0.61%)
H D F C 2877.25 (-1.30%)
HCL Technologies 1170.15 (-0.59%)
HDFC Bank 1627.10 (-0.96%)
HDFC Life Insur. 685.50 (-1.20%)
Hero Motocorp 2694.00 (0.14%)
Hind. Unilever 2390.20 (-0.27%)
Hindalco Inds. 467.05 (-2.67%)
I O C L 129.35 (-1.11%)
ICICI Bank 815.70 (-2.31%)
IndusInd Bank 1209.35 (5.85%)
Infosys 1719.90 (-0.52%)
ITC 230.95 (-3.15%)
JSW Steel 674.30 (-1.55%)
Kotak Mah. Bank 2150.00 (-1.75%)
Larsen & Toubro 1837.50 (2.97%)
M & M 889.00 (0.25%)
Maruti Suzuki 7476.60 (1.64%)
Nestle India 19015.05 (0.05%)
NTPC 139.55 (-1.24%)
O N G C 152.15 (-3.64%)
Power Grid Corpn 189.10 (-0.60%)
Reliance Industr 2624.70 (-0.10%)
SBI Life Insuran 1186.95 (0.08%)
Shree Cement 28294.85 (0.67%)
St Bk of India 509.50 (-1.86%)
Sun Pharma.Inds. 818.55 (-0.79%)
Tata Consumer 815.10 (-0.45%)
Tata Motors 489.05 (-1.78%)
Tata Steel 1297.55 (-2.16%)
TCS 3478.50 (-0.32%)
Tech Mahindra 1566.75 (-0.07%)
Titan Company 2413.05 (-1.91%)
UltraTech Cem. 7468.00 (1.55%)
UPL 739.00 (-0.34%)
Wipro 666.05 (-0.75%)

Shanti Educational Initiatives Ltd IPO

Closed

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

    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 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

    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

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

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

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

Don’t have a Demat account? Open one with 5paisa today!

Keep your documents and get your account activated to start applying for Shanti Educational Initiatives Ltd IPOs in just few hours.

Frequently Asked Questions

An Initial Public Offering OR IPO is the process of issuing stock for sale for the first time by a private corporation to the public. A company can issue its stock for sale for the first time to raise money by issuing either debt or equity. In case, the company chooses the equity route, the first such offering of equity shares to the public via listing of the shares in the stock markets is called an IPO.

 

This is one of the processes that has to do with the pricing of the IPO. An IPO can be made either through book building method, the fixed price method or a combination of both.

While in book building the price at which securities will be offered/allotted is not known in advance to the investor (investor is aware of an indicative price range only), in the fixed price process price at which the securities are offered/allotted is known in advance to the investor.

When it comes to an IPO, there are 4 types of investors who can bid, as per SEBI guidelines. They are –

  1. Qualified institutional investors (QIIs)
  2. Anchor investors
  3. Retail investors and
  4. High net-worth individuals (HNIs)/Non-institutional investors (NII).

 

IPO subscription period is the period of time during which investors can promise to purchase shares of a security to be issued as initial public offering (IPO).

Check: IPO Application Process

For details about the new IPO application process, click here.

To apply in an IPO with 5paisa:

  • Login to the 5paisa website or mobile trading app
  • Go to the Current IPOs section
  • Select the IPO you wish to apply for
  • Enter IPO details like price, quantity (lots) and your UPI ID
  • Check details and Confirm
  • Approve the UPI notification received on your phone (in BHIM App or your net banking app)

A Red Herring Prospectus, or offer document, is filed by a company to SEBI. This document is very useful to as it provides detailed information about the company’s business operations, financials, promoters and the company’s objective for raising funds.

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

Have more question about Shanti Educational Initiatives Ltd IPO?

Join 5paisa community and ask your questions