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Let’s have a detailed review of the company and analytics of the Ascensive Educare IPO release date, IPO offer price, subscription, Ascensive Educare Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face Value Rs 10
Price Band Rs 26
Listing At BSE SME
Min. Order Quantity 4000 Shares
Listing Date Jan 12, 2022
Offer for Sale Rs Lakh
Fresh Issue Rs 226 Lakh
IPO Size Rs 226 Lakh
Tick Size 1

Ascensive Educare IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.

Ascensive Educare IPO – Summary

Ascensive Educare IPOTheir Company was incorporated as “Ascensive Educare Private Limited” under the provisions of the Companies Act, 2013 vide Certificate of Incorporation dated December 26, 2012, bearing Registration No. 189500 issued by the Registrar of Companies, Kolkata, West Bengal.

Further, their Company was converted into a Public Limited Company and the name of their Company was changed to “Ascensive Educare Limited” vide special resolution dated April 16, 2020. A fresh certificate of incorporation consequent to conversion into a public limited Company was issued to their Company by the Registrar of Companies, Kolkata, West Bengal on May 04, 2020.

The Promoter of this company is Mr. Abhijit Chatterjee and Mrs. Sayani Chatterjee. The lead manager to the issue is GYR CAPITAL ADVISORS PRIVATE LIMITED, and the Registrar to this issue is LINK INTIME INDIA PRIVATE LIMITED.

Ascensive Educare IPO Date

The opening and the closing date of the Ascensive Educare IPO are Dec 30, 2021, and Jan 4, 2022, respectively.

Ascensive Educare IPO Subscription

Day / Date NII RII Total Subscription
1st Day – 30th Dec 0.71x 0.52x 0.62x
2nd Day –  31st Dec 0.71x 1.11x 0.91x
3rd Day – 3rd Jan 1.12x 2.31x 1.71x
4th Day – 4th Jan 1.24x 4.11x 2.67x
Shares Offered or Net Issue 412,000 412,000 824,000

The shares subscribed by the public will be updated here.

Check Ascensive Educare IPO LIVE Subscription

  • Ascensive Educare IPO LIVE Bid details on BSE

For the Latest Bid details click on the above links.

Ascensive Educare IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Ascensive Educare Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment Finalization
Refunds Initiation
Credit of Shares to Demat Account
Share Listing Date

Ascensive Educare IPO Price

The face value of each share is Rs.10, but the price band of the IPO is Rs.26 

Ascensive Educare IPO Size

This Initial Public Issue of 868,000 Equity Shares of Rs.10 each for cash at a price of Rs.26 per equity share aggregating to Rs.226 Lakh.

Ascensive Educare IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 868,000 Equity Shares of Rs.10/ each.

Issue Size: 868,000 Equity Shares of Rs.10 each, aggregating to Rs.226 Lakh

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    Ascensive Educare IPO – Live Performance

    The listing date of this IPO is Jan 12, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.

    Live IPO Performance – Ascensive Educare Share Price

    Ascensive Educare IPO Grey Market Premium

    The Ascensive Educare Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 

    Ascensive Educare IPO – Company Overview

    Their Company is engaged in the business of training and skill development offering vocational training, and educational consulting in collaboration with Central Government, State Governments and various Industries and Industry Associations.

    Ascensive Educare has been core to delivering high-quality training interventions that range from conducting training workshops to placement. Their course curriculum is NSFQ compliant and experienced trainers, including the ones certified by the Sector Skills Council, take care of all the training programs.

    Their Company is an accredited NSDC training partner provider and offers nationally recognized qualifications and skill-sets that comply with industry standards. Ascensive Educare provides the platform for the skill developments at the grass-roots level to skill and re-skilled the workforce of India so that they can rightfully participate in this phase of growth of the nation.

    Their Company is focused towards working in the field of education and skill development and is committed to play a valuable role in supporting the scaling-up process of rural livelihood.

    Ascensive Educare IPO – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

    Financial Summary:

    Amount (in INR & Lakh)
    31-Mar-21 31-Mar-20 Mar-19
    Total Assets 1,234.57 1,064.69 822.410
    *Total Revenue 1,027.31 961.36 918.32
    Total Expense 967.53 901.67 880.15
    Profit After Tax 44.05 43.48 28.08

    Earnings per Equity Share (in Lakh)

    31-Mar-21 31-Mar-20 Mar-19
    Basic & Diluted 1.88 1.86 1.28


    Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. 44.05 Lakh, Rs. 43.48 Lakh, and Rs. 28.08 Lakh respectively.

    Ascensive Educare IPO – Promoters

    The Promoter of this company is:

    1. Mr. Abhijit Chatterjee
    2. Mrs. Sayani Chatterjee

    List of Related Parties (Key Managerial Personnel)

    • Sayani Chatterjee, Managing Director & Chairperson
    • Abhijit Chatterjee, Whole Time Director
    • Tanmaya Das, Non-Executive Independent Nominee Director
    • Priyadarshini Dey, Non-Executive Independent Director
    • Soumya Ranjan Sahoo, Non-Executive Independent Director

    Ascensive Educare IPO – Promoters Holding

    • Pre Issue Share Holding – %
    • Pos Issue Share Holding – %

    Ascensive Educare IPO Offer Details or Issue Details

     Particulars  No. Of Equity Shares
     Equity Shares Offered  Up to 868,000 Equity Shares aggregating up to Rs.226 Lakh
    of which:
    Issue Reserved for the Market Makers Up to [●] Equity Shares aggregating up to Rs.2.00
    Net Issue to the Public Up to [●] Equity Shares aggregating up to Rs.2.00
    Of which:
    Retail Investors Portion Not less than [●] Equity Shares
    Other than Retail Individual Investors Not more than [●] Equity Shares
     Equity Shares outstanding prior to the Issue 23,41,116 Equity Shares
     Equity Shares outstanding after the Issue X Equity Shares

    Ascensive Educare IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

    1. Funding the working capital requirements of the company
    2. General Corporate Purposes

    Ascensive Educare IPO – Business Strategy

    • Capitalize on growth demand in the Industry they serve
    • Leveraging their Market skills and Relationships to expand their network and reaching new geographies
    • Improving functional efficiency & quality standards

    Ascensive Educare IPO – Basis of Offer Price

    The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

    Qualitative factors are:

    • Experienced Promoters and Management Expertise
    • Quality Customer Base
    • Quality and focus on customer satisfaction
    • Satisfactory track record

    The relevant quantitative factors are:

    Basic & Diluted EPS RONW (%) NAV (Rs.)
    31-Mar-21 1.88 15.09 12.47
    31-Mar-20 1.86 17.48
    Mar-19 1.28 14.20

    Ascensive Educare IPO: Competitive Peers

    Face Value (Rs.) P/E EPS  (Rs.) Return on Net Worth (%) Total Income (Rs. in Lakhs)
    Ascensive Educare Limited 10 [●] 1.88 15.09 1,027.31
    Listed Peers

    Ascensive Educare IPO Lead Managers

    Lead Managers
    428, Gala Empire, Near T.B. Tower Drive-In Road,
    Thaltej, Ahmedabad – 380054, Gujarat, India
    Tel No.: +91 – 82009 31018
    Fax No.: N.A.
    Email: info@gyrcapitaladvisors.com
    Website: www.gyrcapitaladvisors.com
    Investor Grievance Email: info@gyrcapitaladvisors.com
    Contact Person: Ikshit Shah
    SEBI Registration No.: INM000012810

    Ascensive Educare IPO Registrar to offer

    Registrar to the Offer
    Address: C-101, 1st Floor, 247 Park, Lal Bahadur Shashtri Marg,
    Vikhroli (West), Mumbai – 400 083, Maharastra, India
    Tel: +91 022 49186200
    Fax: +91 022 49186195
    Email: ascensive.ipo@linkintime.co.in
    Website: www.linkintime.co.in
    Investor Grievance Email: ascensive.ipo@linkintime.co.in
    Contact Person: Shanti Gopalkrishnan
    SEBI Registration Number: INR000004058

    Ascensive Educare IPO – Other Details

    • Statutory Auditor – M/s. Goyal Goyal & Co. Chartered Accountants
    • Legal Counsel to the Company – NA
    • Bankers to the Company –  NA

    Ascensive Educare IPO Review by Stock Brokers

    Top Stock Brokers Review Company Reputation Competitive Edge Financial Statement Popularity Index Promoters Reputation
    Angel Broking 7.5/10 7.4/10 8.5/10 8.1/10 7.1/10
    Sharekhan 7.2/10 7.1/10 8.6/10 8.1/10 7.2/10
    Kotak Securities 7.3/10 7.5/10 8.4/10 8.1/10 7.3/10
    ICICI Direct 7.3/10 7.3/10 8.7/10 8.1/10 7.1/10
    IIFL 7.5/10 7.2/10 8.8/10 8.0/10 7.1/10
    Edelweiss 7.5/10 7.4/10 8.4/10 8.3/10 7.2/10
    Zerodha 7.4/10 7.1/10 8.5/10 8.1/10 7.0/10
    5Paisa 7.1/10 7.1/10 8.4/10 8.1/10 7.1/10
    Karvy 7.4/10 7.3/10 8.2/10 8.1/10 7.1/10
    Motilal Oswal 7.1/10 7.1/10 8.6/10 8.3/10 7.2/10


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      Ascensive Educare IPO Review FAQs

      Ques – What is the Issue Size of Ascensive Educare IPO?

      Answer – The Company is making an initial public offer of 868,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.

      Ques – What is the Price band of Ascensive Educare IPO?

      Answer – The price band for this particular IPO ranges between Rs 26. As far as the face value of the share is of concern, it is Rs.10 per share.

      Ques – What is the Ascensive Educare IPO Open Date?

      Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on Dec 30, 2021, while the closing date is set at Jan 4, 2022.

      Ques – What is the Ascensive Educare IPO Allotment Date?

      Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Jan 7, 2022, refund initiation is on Jan 10, 2022, credit of shares is on Jan 11, 2022, and share listing date is on Jan 12, 2022.

      Ques – What is the Ascensive IPO Listing Date?

      Answer – Shares of this company shall be listed in the exchanges on Jan 12, 2022. The date, when the listing would be done, is stagnant on Jan 12, 2022.

      Ques – Who is the Registrar of Ascensive IPO?

      Answer – One of the reputed registrars is managing the issue of this IPO, i.e. LINK INTIME INDIA PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.

      Ques – Who is the Promoter of Ascensive IPO?

      Answer – Here are the promoters of this IPO – Mr. Abhijit Chatterjee and Mrs. Sayani Chatterjee. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

      Ques – What is the GMP of Ascensive IPO?

      Answer – They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.

      Ques – Is Educare IPO good for Investment?

      Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

      Ques – What is the PAT of Ascensive Educare Company?

      Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Lakh is 44.05, 2020 is 43.48, 2019 is 28.08.

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