About the Company:
Ascensive Educare Ltd is engaged in the business of training and skill development offering vocational training, and educational consulting in collaboration with Central Government, State Governments and various Industries and Industry Associations.
Company has been core to delivering high-quality training interventions that range from conducting training workshops to placement.
Company is an accredited NSDC training partner provider and offers nationally recognized qualifications and skill-sets that comply with industry standards.
Company has trained more than 50000+ trainees under various Hardware and Networking and Management Programs in Kolkata and placed the majority of them in the relevant sectors for which they were skilled.
Apart from providing national vocational qualifications, company also deliver short courses, skill-sets, and workshops to professionals and businesses.
The main mode of business of Company is as follows:
- Providing employment opportunities to the youth of our nation through market oriented skill development
- training.
- Entrepreneurship Development for the eligible & interested candidates.
- Providing Higher Education in the field of Management studies in collaboration with a University.
- Online e-learning support along with Interview Preparation
- Online guide for preparation of Competitive Exams with online classes and Mock Tests.
- Online Psychometric test and Career Analysis with online career counselling.
- Providing Basic Training to the candidates under Apprenticeship Scheme.
Company’s business operations consists of following:
- Central & State Government Funded Model.
- Self Paid Funded Model.
- CSR Funded Model.
- Online/ e-learning Model.
- Apprenticeship Model.
Management Team:
- Mrs. Sayani Chatterjee (Designation: Chairperson & Managing Director)
- Mr. Abhijit Chatterjee (Designation: Whole Time Director & CEO)
Objectives of the Issue:
Fresh Issue: (Rs.2.25 cr )
- Funding the working capital requirements of the company.
- General Corporate Purposes.
Peer Group Comparison:
- We believe that there is no listed company which is specifically comparable to Ascensive Educare Ltd w.r.t. to company’s business model, size and financials.
Financials of the Company:
| (in Crores) | FY 19 | FY 20 | FY 21 | 30th June 21 |
|---|---|---|---|---|
| Revenue | 9.18 | 9.61 | 10.27 | 3.21 |
| Net Profit | 0.28 | 0.43 | 0.44 | 0.10 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 30th December 2021 |
| Issue Closes on:. | 4th January 2022 |
| Issue Price | Rs.26 |
| Face Value | Rs.10 |
| Minimum Lot | 4000 |
| Minimum Investment | Rs.1,04,000 |
| Issue Constitutes | 27.05% |
| Issue Size | Rs.2.25 cr |
| Market Cap | Rs.8.34 cr |
| Listing at | BSE SME |
| Equity Shares Offered (Fresh) | 8,68,000 |
| Equity Shares Prior to the Issue | 23,41,116 |
| Equity Shares after the issue | 32,09,116 |
Also Read : List of Upcoming IPO’s in India.
Important Dates:
| Finalization of Basis of Allotment | on or Before 7th January 2022 |
| Initiation of Refunds | on or Before 10th January 2022 |
| Credit of Equity Shares: | on or Before 11th January 2022 |
| Listing Date: | on or Before 12th January 2022 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 1.88 | 13.83 | 15.09% | 12.47 |
| Check IPO Allotment Status: |
|---|
Link InTime Website: https://linkintime.co.in/PublicIssue/BSE IPO Website: https://www.bseindia.com/IPO/Allotment |
| Company Contact Info: |
|---|
| ASCENSIVE EDUCARE LIMITED Registered Address: Ascent Enclave, 1110 Rasbihari Avenue, Fatokgora, Chandannagar, Hoogly – 712136 Corporate Office Address: BF-32, 2ND Floor, Sector-1, Salt Lake City Bidhannagar Kolkata 700064 Tel: (033) 4071 5661 Email: info@aimetr.com Website: www.ascensiveeducare.com |
| IPO Registrar Info: |
|---|
| LINK INTIME INDIA PRIVATE LIMITED Address: C-101, 1st Floor, 247 Park, Lal Bahadur Shashtri Marg, Vikhroli (West), Mumbai – 400 083, Maharastra, India Tel: +91 022 49186200 Fax: +91 022 49186195 Email: ascensive.ipo@linkintime.co.in Website: www.linkintime.co.in |
| Lead Manager to the Issue: |
|---|
| GYR CAPITAL ADVISORS PRIVATE LIMITED 428, Gala Empire, Near T.B. Tower Drive In Road, Thaltej, Ahmedabad – 380054, Gujarat, India Tel No.: +91 – 82009 31018 Fax No.: N.A. Email: info@gyrcapitaladvisors.com Website: www.gyrcapitaladvisors.com |
