IPO Issue Details
Issue Price / Price Band₹132 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,000 Shares per Lot
Total Issue Size1,63,000 shares (aggregating up to ₹2.15 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenFri, 15 Mar 2019
Subscription CloseTue, 19 Mar 2019
Anchor AllotmentThu, 14 Mar 2019
Basis of AllotmentMon, 25 Mar 2019
Initiation of RefundsTue, 26 Mar 2019
Credit of Shares to DematWed, 27 Mar 2019
Listing DateThu, 28 Mar 2019
UPI Mandate Deadline2019-03-19
Application & Investment Details
Retail — Min (1 Lots)₹1,32,000 — 1,000 shares
Retail — Max (13 Lots)₹1,716,000 (13 Lots)
HNI — Min (2 Lots)₹2,64,000 — 2,000 shares
Net Offer to Public1,54,000 shares (aggregating up to ₹2.03 Cr)
Reserved for Market Maker9,000 shares (aggregating up to ₹0.1188 Cr)
Pre-IPO Promoter Holding4,50,000 shares
Post-IPO Promoter Holding6,13,000 shares
About Humming Bird Education Ltd.
Incorporated in 2010, Humming Bird Education is a Delhi based company involved in the business related to education. The company organizes Olympiad, a competitive examination where students are evaluated and their academic performance is ranked relative to their peer group.Humming Bird Education uses factual, conceptual, reasoning, logical, analytical and problem-solving skills to help students better understand their strengths and weaknesses. The company provides study material, free mobile app, performance analysis report for all participants.The Olympiad results also give an opportunity for schools to analyze the performance of their teachers with the help of deep insight provided.Humming Bird Education is an asset-light and centrally managed company.Products Offered1. Humming Bird Talent Search Examination (HBTSE) - A Mathematics & Science Olympiad for Class 1 to 122. Humming Bird Commerce Competency Olympiad (HCC) - A commerce Olympiad that includes Accounts, Business Studies, and Economics for Classes 11 & 12.3. Humming Bird Cyber Olympiad (HCO) - A Computer Olympiad for Class 1 to 12.4. Humming Bird English Olympiad (HEO) - An English Olympiad for Class 1 to 12.5. Humming Bird G.K. Olympiad (HGO) - A General Knowledge Olympiad for Class 1 to 12.6. Humming Bird Hindi Olympiad (HHO) - A Hindi Olympiad for Class 1 to 12.7. Humming Bird Math + Computer + English + Combined Olympiad (MCSE) - Olympiad that includes Mathematics, Computer, Science & English for Class 1 to 12.8. Humming Bird MULTIPLE INTELLIGENCE TEST (HMIT) - MULTIPLE INTELLIGENCE TEST for Class 1 to 12. This Test includes questions on Mathematics, G.K., Science, English and Multiple Intelligence.9. Humming Bird Mathematics Olympiad (HMO) - A Mathematics Olympiad for Class 1 to 12. The HMO is also available in ENGLISH MEDIUM, TAMIL MEDIUM and HINDI MEDIUM.10. Humming Bird Science Olympiad (HSO) - A Science Olympiad for Class 1 to 12. The HSO is also available in ENGLISH MEDIUM, TAMIL MEDIUM and HINDI MEDIUM.11. Problem Solving Olympiad (PSO) - A Problem Solving Olympiad for Class 3 to 12.12. SPELL BEE - A Spelling Competition for Class 1 to 12.For the Fiscal years ended on March 31, 2018, March 31, 2017, and March 31, 2016, the company's gross revenue stood at Rs. 117.09 Lakhs, Rs. 93.70 Lakhs and Rs. 51.56 Lakhs respectively. Further, its PAT for the Fiscal years ended on March 31, 2018, March 31, 2017, and March 31, 2016, stood at Rs. 10.57 Lakhs, Rs. 4.46 Lakhs and Rs. 0.78 Lakhs respectively.
Objects of the Issue
Humming Bird Education Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 To part finance working capital requirements of the Company.
4.86
2
2 General Corporate Purpose
0.34
Shareholding & Lock-in
Pre-IPO Promoter Holding
4,50,000 shares
Post-IPO Promoter Holding
6,13,000 shares