Siddharth Education Services Ltd IPO

Closed

Subscription Details

  • Open Date 29 Sep
  • Close Date 05 Oct
  • Lot Size 3000
  • IPO Size ₹ 10.88 Cr
  • IPO Price Range ₹ 35
  • Min Investment ₹ 105000

Siddharth Education Services Ltd IPO Timeline

Open Date
29 Sep
Close Date
05 Oct
Basis of Allotment
-
Refunds
-
Credit to Demat Account
-
Listing Date
-

IPO Synopsis

Public issue of 31,08,000 equity shares of face value of Rs. 10 each of Siddharth Education Services Limited (the company or the issuer) for cash at a price of Rs. 35 per equity share including a share premium of Rs. 25 per equity share (the issue price) aggregating to Rs. 10.88 Crores (the issue), of which 1,56,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 35 per equity share including a share premium of 25 per equity share aggregating to Rs. 0.55 crores 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. net issue of 29,52,000 equity shares of face value of Rs. 10 each at a price of Rs. 35 per equity share aggregating to Rs. 10.33 Crores is herein after referred to as the net issue. The issue and the net issue will constitute 26.79% and 25.45% respectively of the post issue paid up equity share capital of the company. Issue Price: Rs.35 per equity share. The face value of the equity share is Rs.10 each. The offer price is 3.5 times 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 Siddharth Education Services Ltd IPO

Contact Information

Address

101 1st Floor Chirag Arcade,
Behind Nagrik Stores E R Road,
Thane (West), Maharashtra 400601

Siddharth Education Services Ltd IPO Lead Manager

Gretex Corporate Services Pvt Ltd
Open Demat Account