Ascensive Educare IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 16, 2022Let’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
Their 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:
- Mr. Abhijit Chatterjee
- 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 Lakh |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.2.00 Lakh |
| 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 | |||||
| NA | – | – | – | – | – |
Ascensive Educare IPO Lead Managers
| Lead Managers |
| GYR CAPITAL ADVISORS PRIVATE LIMITED 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 |
| LINK INTIME INDIA PRIVATE LIMITED 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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