IPO Issue Details
Issue Price / Price Band₹52 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size2,000 Shares per Lot
Total Issue Size7,80,000 shares (aggregating up to ₹4.06 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenMon, 24 Jul 2017
Subscription CloseFri, 28 Jul 2017
Anchor AllotmentSun, 23 Jul 2017
Basis of AllotmentThu, 03 Aug 2017
Initiation of RefundsFri, 04 Aug 2017
Credit of Shares to DematFri, 04 Aug 2017
Listing DateMon, 07 Aug 2017
UPI Mandate Deadline2017-07-28
Application & Investment Details
Retail — Min (1 Lots)₹1,04,000 — 2,000 shares
Retail — Max (13 Lots)₹1,352,000 (13 Lots)
HNI — Min (2 Lots)₹2,08,000 — ₹1,04,000 shares
Net Offer to Public7,40,000 shares (aggregating up to ₹3.85 Cr)
Reserved for Market Maker40,000 shares (aggregating up to ₹0.2080 Cr)
Pre-IPO Promoter Holding21,06,806 shares
Post-IPO Promoter Holding28,86,806 shares
About Keerti Knowledge & Skills Ltd
Incorporated in 1999, Keerti Knowledge and Skills Ltd works as an information technology training company in India. They are one of the largest IT training institutes in Mumbai & Thane region that trains youth and students in multiple segments of Information Technology.They provide tutoring of basic computer knowledge, Internet, surfing, and computer courses including Microsoft office, accounting and financial management, inventory management, statutory capabilities, and tally.net capabilities; accounting courses, such as tally; and various computer languages comprising C++,.Net, Java and Oracle, communication and soft skills, etc.Keerti Knowledge has expanded business through its two subsidiary Companies i.e. Keerti Institute India Private Ltd and Keerti Tutorials India Private Ltd and KKSL has vide Business Transfer Agreement dated 2nd April, 2015 transferred its business of IT education sector which is on franchise basis to the Keerti Institute India Private Limited (KIIPL) for advancement and to rationalize the future growth of franchise business in IT education sector in future along with authorization of Maharashtra Knowledge Corporate Limited (MKCL)to conduct MKCL’s Courses. Thereafter, KIIPL entered into 90 afresh franchisees Agreements at various locations in Mumbai and Thane. The core activity of KKSL includes Training and Placement, State and Central Government programs and High End Technical programs.
Objects of the Issue
Keerti Knowledge & Skills Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
To Expand Company Owned and Company Operated (COCO) Centers through our wholly owned subsidiaries i.e. Keerti Institute India Private Limited (KIIPL) and Keerti Tutorials India Private Limited (KTIPL)
1.20
2
To Develop E- Applications and E Programs.
1.00
3
Developing an end to end software/ Portal for Recruitment, Training and Placement
0.40
4
Developing an end to end software/ Portal for Recruitment, Training and Placement
1.01
Shareholding & Lock-in
Pre-IPO Promoter Holding
21,06,806 shares
Post-IPO Promoter Holding
28,86,806 shares