Issue Price
₹90
Per Share
GMP
NIL
Grey Market
Est. Listing
₹90
Expected Price
Min. Application
₹288,000
2 lots × 1600 shares
Incorporated in 2010, Shanti Educational Initiatives Ltd (SEIL) engaged in the business of providing educational support services to preschools, K-12 and premium category preschools in India. Three business units of the company are as under:Shanti Juniors: With 154 franchised preschools under the brand name of 'Shanti Juniors' spread over western, southern and northern region in India, they are rapidly growing popularity in preschool segment.Shanti Asiatic School: Under the brand name of 'Shanti Asiatic School' there are 6 K-12 schools having over approximately 3600 students.Shanti's Hopskotch: There are 5 premium category preschools to serve the niche segment which aspire for premium quality education, ambience and learning environment for children under the brand name of 'Shanti's Hopskotch'.Company is headquartered in Ahmedabad, Gujrat. Apart from Gujarat Company's presence is also concentrated in the states of Rajasthan, Bihar, Maharashtra, Karnataka, and Tamil Nadu.
Shanti Educational Initiatives Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 240,000 | — | ₹2.16 Cr | — |
| TOTAL | 2,080,000 | 100.00% | ₹18.72 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹144,000 |
| Retail (Max) | 13 | 20,800 | ₹1,872,000 |
| sNII (Min) | 14 | 22,400 | ₹2,016,000 |
| bNII (Min) | 68 | 108,800 | ₹9,792,000 |
| Particulars | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|
| Revenue from Operations | N/A | N/A | N/A |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | N/A | N/A | N/A |
| Net Worth | N/A | N/A | N/A |
| Total Assets | N/A | N/A | N/A |
| Reserves & Surplus | N/A | N/A | N/A |
| Total Borrowings | N/A | N/A | N/A |