Siddharth Education Services Ltd

siddharth education services

About the Company:

Siddharth Education Services is engaged in providing tutorial coaching services for students of professional courses.

Company has its Registered Office at 101, 1st Floor, Chirag Arcade, Behind Nagarik Stores, E.R. Road, Thane (West)- 400 601, Maharashtra, India.

Company’s Promoter Mr. Vinay Bhagwat has a vast experience of over 20 years in the field of teaching students of professional courses.

The tutorial services are provided through the classroom training programmes conducted through a network of Company operated centres.

Currently they have 4 Company operated centres and is managed by a team of 22 faculty members.

The 4  locations are in Mumbai at Thane, Dadar, Dombivli and Vashi.

They also offer test series courses which have been systematically designed to provide education to students in simple manner.

Company also has a partnership firm in the name  of “Bageshree Farms” was started in FY 2015 wherein Siddharth Education Services Ltd owns majority stake.

Currently they procure products such as mangoes, jackfruit, kokam (Garcinia Indica), & cashew nuts and then further processed for making more durable products like mango pulp, jackfruit chips, kokam syrup, making cashew nuts marketable.

Currently they are providing coaching services for the following courses:

  • Company Secretary (C.S.), Course of the Institute of Company Secretaries of India (ICSI)
  • Chartered Accountancy (C.A.), Course of the Institute of Chartered Accountants of India (ICAI)
  • Cost and Management Accountancy (C.M.A.), Course of the Institute of Cost Accountants of India (ICAI)


Company plans to open Coaching centers at the following location in the Near Future:

  • Ratnagiri
  • Ghatkopar
  • Kandivali
  • Aurangabad
  • Chiplun
  • Ullhasnagar
  • Kolhapur
  • Sangli
  • Jaipur
  • Pune


Objectives of the Issue:

  • Establishment of new Coaching Centers.
  • Acquisition of human resource training centres.
  • Digital marketing and online training.
  • General corporate purpose


Fund Utilization:

Particulars Amount (Rs. in Crores)
Establishment of new coaching centres 2.2
Acquisition of human resource training centres 2.6
Digital Marketing and Online Training 1.61
Net Proceeds 6.41 cr


Management Team:

  1. Mrs. Reena Dileep Kulkarni (Designation:Managing Director)
  2. Mr. Vinay Shantaram Bhagwat (Designation:Non Executive and Non Independent Director)
  3. Mr. Ramdas Trimbak Rajguroo (Designation:Non Executive and Independent Director)


Promoters Average Acquisition Cost:

Name of the Promoter No. of Shares held Average Acquisition Cost (in Rs.)
Mr. Vinay Shantaram Bhagwat 36,24,060 5.08


Promoters Stake Pre & Post Issue:

Shareholder Name Pre Issue Stake (%) Post Issue Stake
Promoters (A)
Vinay Shantaram Bhagwat 42.67 31.23
Promoter Group Entities(B)               56          40.99
Total 98.67% 72.22%


Check IPO Allotment Status:

Karvy Website


Financials of the Company:

(in Crores) FY 13 FY 14 FY 15 FY 16 FY 17
Revenue 1.88 2.7 2.07 3.69 4.94
Net Profit 0.13 (-0.00038) (-0.30) 0.64 0.97


Valuation of Peer Group Companies:

Company Name Face Value EPS PE Ratio RoNW (%)
MT Educare Limited 10 2.7 20 25.1
Career Point Infosystems Limited 10 2.7 37.8 73.6
Siddharth Education Services Ltd 10 1.40 25.71 19.18


IPO Details:

Details Info
Issue Opens on 29th September 2017
Issue Closes on:. 5th October 2017
Issue Price Rs.30 – 36
Face Value Rs.10
Minimum Lot 4000
Minimum Investment Rs.1,44,000
Issue Constitutes 26.79%
Issue Size Rs.11.18 cr
Market Cap Rs.41.75 cr
Listing at BSE SME
Equity Shares Offered 31,08,000
Equity Shares Prior 84,91,500
Equity Shares after the issue 1,15,99,500


IPO Valuation Parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV)
1.40 25.71 19.18% 7.28


Markets Guruji Opinion:

IPO View Apply For: Expected listing Gain:
Avoid NA NA