About the Company:
Humming Bird Education is engaged in the business of Education and was established by Mr. Nitesh Jain, Founder and Promoter, has served thousands of schools encompassing lakhs of students with the Olympiad examinations.
Company mainly organizes “Olympiad Examinations” which is a rigorous competitive examination where students are evaluated on a scientifically constructed syllabus.
Humming Bird’s examinations use a multifaceted approach in judging students on their indepth knowledge of the subjects as well as on enhance their factual, conceptual, reasoning, logical, analytical and problem solving skills.
Company has a asset light and centrally managed business model,which has allowed them to spread their reach to intercontinental boundaries with a fast growing international base.
Company provides high priority services to Schools, scientifically designed study material, free mobile app , performance analysis report for all participants, 24*7 support for schools, Parents and Students
Company has franchisees in India and abroad, and are now focusing on increasing the franchisee penetration up to district levels.
As on March 31, 2018, Humming Bird Education Ltd operate 17 Humming Bird centers through Franchisee arrangements, wherein company has entered into agreements with third party franchisees to conduct and operate Humming Bird centers under the “Humming Bird” brand.
Olympiad Examination in Other Languages.
Company has now touched upon the untapped sector of state board schools that have a language barrier while taking up the Olympiad.
Humming Bird is now conducting the Olympiads in Hindi Medium and Tamil Medium also along with English Medium and has got extremely positive response which led company to announce the Olympiad in all regional languages from 2019 session.
Competition in the Business:
Humming Bird Education Ltd faces competition from different regional, national and international companies/ organisations conducting Olympiads.
Some of the competitors are Science Olympiad Foundation, Silver Zone, Unified Council and HOMI BHABHA Centre for Science Education.
- Mr. Nitesh Jain (Designation: Managing Director)
- Mrs. Vaishali Jain (Designation: CFO & Director (Executive)
Objectives of the Issue:
- To part finance working capital requirements of the Company.
- To meet General corporate purposes.
- To meet the expenses of the Issue.
Financials of the Company: (in Lakhs)
|(in Lakhs)||FY 16||FY 17||FY 18||30th Sept 18|
|Issue Opens on||15th March 2019|
|Issue Closes on:.||19th March 2019|
|Issue Size||Rs.2.15 cr|
|Market Cap||Rs.8.09 cr|
|Listing at||BSE SME|
|Equity Shares Offered||1,63,000|
|Equity Shares Prior to the Issue||4,50,000|
|Equity Shares after the Issue||6,13,000|
|Finalization of Basis of Allotment||on or Before 25th March 2019|
|Initiation of Refunds||on or Before 26th March 2019|
|Credit of Equity Shares:||on or Before 27th March 2019|
|Listing Date:||on or Before 28th March 2019|
IPO Valuation Parameters:
|Earnings Per Share (EPS)||Price To Earnings ratio (PE)||Return on Net Worth (RoNW)||Net Asset Value (NAV)|
|Check IPO Allotment Status:|
Bigshare Website (Click on the below Link)
|Company Contact Info:|
|Humming Bird Education Limited
1374-1375, 2nd Floor,
Katra Lehswan Chandni Chowk, Delhi-110006
Tel. No. +91-011- 47096144
|IPO Registrar Info:|
|BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis, Makwana Road,
Marol, Andheri (East), Mumbai – 400059,
Tel.No: +91-22 – 62638200
|Lead Manager to the Issue:|
|SHARE INDIA CAPITAL SERVICES PRIVATE LIMITED
14, Dayanand Vihar, Near Karkardooma Metro Station,
Tel. No. +91-11-43011000
Investor Email Id: firstname.lastname@example.org