Humming Bird Education IPO – Allotment, Subscription, GMP & DRHP

Humming Bird Education Limited is engaged in the business of conducting Olympiads, where students are evaluated on a scientifically constructed syllabus and their academic performance is ranked relative to their peer group. 

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


Humming Bird Education IPO Review & Ratings

IPO Ratings & Review
Criteria Ratings
Industry Sentiments 8.5/10
Industry Ranking 7.8/10
Company Background 7.9/10
Company Reputation 7.9/10
Competitive Edge 7.7/10
Financial Statements 7.8/10
Popularity Index 8.4/10
Promoters Reputation 7.7/10
Retail Appetite 7.9/10
Top Brokers Review 7.9/10
Overall Ratings 8.1/10
Star Ratings ★★★★☆

Summary of Humming Bird Education IPO

Humming Bird Education IPOHumming Bird Education Limited is engaged in the business of conducting Olympiads, where students are evaluated on a scientifically constructed syllabus and their academic performance is ranked relative to their peer group. Initial public offering of up to 163000 Equity Shares for cash at price of Rs. 132 per Equity Share (including a premium of Rs. 122 per Equity Share) aggregating up to Rs. 215.16 lakhs.

From FY 2015-16 to FY 2017-2018, as per the Restated Financial Statements,

  • For the Fiscal years ended on March 31, 2018, March 31, 2017, and March 31, 2016 our gross revenues stood at Rs. 117.09 Lakhs, Rs. 93.70 Lakhs and Rs. 51.56 Lakhs respectively. Further, our 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.
  • The net asset value per Equity Share was Rs. 18.48 and Rs. 10.86 as of Sept 30, 2018 and March 31, 2018, respectively, as per the Restated Consolidated Financial Statements.
  • Net worth of the Company as on 30.09.2018 is Rs.83.16 Lakhs.
  • The company has earned a profit of Rs. 10.57 Lakh in the FY 2018 as against Rs. 4.46 Lakh in the FY 2017. The increase in PAT was on account of good increase in Revenues and less than proportionate increase in expenses of the Company.

The Promoter of this company is Mr. Nitesh Jain and Narender Kumar Jain. The lead manager to the issue is Share India Capital Services Private Limited and the Registrar to this issue is Bigshare Services Pvt Ltd.



Humming Bird Education IPO Date

The opening and the closing date of Humming Bird Education IPO is not known yet.


Humming Bird Education IPO Subscription

Day / Date QIB NII RII Total Subscription
Day 1 
Day 2
Day 3
Day 4
Day 5
Shares Offered or Net Issue

The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.


Humming Bird Education IPO Allotment Status

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


Humming Bird Education IPO Price Band

The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed. 


Humming Bird Education IPO Equity Share Offering

Initial public offering of up to 163000 Equity Shares for cash at price of Rs. 132 per Equity Share (including a premium of Rs. 122 per Equity Share) aggregating up to Rs. 215.16 lakhs.


Humming Bird Education Limited – Company Overview

Humming Bird Education Limited was originally incorporated on August 23, 2010 as a Private Limited Company under the provisions of the Companies Act, 1956 in the name of “Humming Bird Education Private Limited”. Subsequently, the Company was converted into a public limited company and the name of the Company was changed from “Humming Bird Education Private Limited” to “Humming bird Education Limited 

Humming Bird Education has served thousands of schools encompassing lakhs of students in more than 11 countries so far with the Olympiad examinations. The Company has been awarded with “Asia’s Greatest Brands of Year 2017-18”pr by “Price Water House Coopers P.L..

Humming Bird’s examinations use a multifaceted approach in judging students on their in-depth knowledge of the subjects as well as on enhance their factual, conceptual, reasoning, logical, analytical and problem solving skills, helping them better understand their strengths and weaknesses further enabling them to convert their Olympiad results into superior scholastic gains and realize their true intellectual potential. As an added advantage this has also given an opportunity for schools to analyse the performance and prowess of their teachers with the help of deep insight provided by the Olympiads.

Currently with only a 5% of the total Olympiad market is catered by the entire industry. With gaining popularity and with Olympiad being seen as a necessary supplement to in-house scholastic examinations, Hummingbird has entrenched itself in a moat as the preferred partner for reputable schools.

Competitive Strengths of Humming Bird Education Limited:

  • Experienced Promoter and Management Expertise
  • Unique Brand Positioning
  • Result Oriented
  • Geographical Presence
  • Quality assurance

Business strategies of Humming Bird Education Limited:

  • Humming Bird Education has adopted ‘Blue Ocean’ strategy for expanding our product and service offerings, our geographical footprints and developing and implementing innovative business initiatives.
  • Geographical study of every area is needed to satisfy the requirement of the customer and keep ourselves equally relevant and in demand everywhere.
  • They firmly trust on maintenance of a strong CRM System and customer databases with necessary filters so as to keep the continuous engagement.
  • They have also started with the technological developments in the company to make room for individual participation (students who wish to enroll directly) which may enable us to access 100% market size.
  • High Utilization Rate = High Renewal Rate. They educate our customer regarding every in and out of our products and services which has supported us in acquiring a dependable customer base.

Humming Bird Education Limited – Financial Statements

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

Financial Summary:

On the basis of Standalone statement:-

Amount (in INR & lakhs)
31-Aug-18 31-Mar-18 31-Mar-17 31-Mar-16
Total Assets 102.37 29.32 36.75 18.05
Total Revenue 108.65 117.09 93.70 51.56
Total Expense 58.98 102.47 87.15 50.19
Profit After Tax 36.78 10.57 4.46 0.78

Earnings per Equity Share (in lakhs)

31-Aug-18 31-Mar-18 31-Mar-17
Basic & Diluted 6.60 2.78 0.49

From the above statements, one could find that the Humming Bird Education Limited may perform well.


Humming Bird Education IPO – Promoters

The Promoters of this company are:

  • Mr. Nitesh Jain
  • Mr. Narender Kumar Jain

List of Related Parties (Key Managerial Personnel)

  • Mr. Savishesh Raj
  • Mrs. Priyanka Bhardwaj
  • Mr. Rishi Khanna
  • Mr. Arihant Jain
  • Mr. Dhruv Malhotra

Interest in promotion of the Company

Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.

Property Interest

The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.

Interest in Intellectual Rights of the Company

Promoters has not shown any interest in acquiring the intellectual rights of the company.


Humming Bird Education IPO Offer Details or Issue Details

Particulars  No. Of Equity Shares
 Equity Shares Offered  Issue of 1,63,000 Equity Shares having face value of Rs.10.00 each at a price of Rs.132.00 per Equity Share (including a share premium of Rs.122.00 per Equity share) aggregating Rs.215.16.00 lakhs.
 Of which:
 Reserved for Market Makers 
Issue of 9,000 Equity Shares having face value of Rs.10.00 each at a price of Rs.132.00 per Equity Share (including a share premium of Rs.122.00 per
Equity share) aggregating Rs.11.88 lakhs.
 Net Issue to the Public  Issue of 1,54,000 Equity Shares having face value of Rs.10.00 each at a price of Rs.132.00 per Equity Share (including a share premium of Rs.122.00 per Equity share) aggregating Rs.203.28 lakhs
 Of which:
 Retail Investors Portion  77,000 Equity Shares having face value of Rs.10.00 each at a price of Rs.132.00 per Equity Share (including a share premium of Rs.122.00 per Equity share) aggregating Rs. 101.64 lakhs will be available for allocation to Retail Individual Investors.
 Non-Retail Investors Portion 77,000 Equity Shares having face value of Rs.10.00 each at a price of Rs.132.00 per Equity Share (including a share premium of Rs.122.00 per Equity share) aggregating Rs.101.64 lakhs will be available for allocation to other than Retail Individual Investors
 Equity Shares outstanding prior to the Issue 4,50,000 Equity Shares
 Equity Shares outstanding after the Issue 6,13,000 Equity Shares of face value of Rs. 10 each

Humming Bird Education IPO Issue Object

These are the IPO Issue Objects of the company

  • Funding the Working Capital requirements of the Company:
  •  Repayment/ pre-payment of certain unsecured loans availed from banks and financial institutions by the company; and
  •  General Corporate Purposes

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Humming Bird Education IPO – Basis of the 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 Promoter and Management Expertise
  • Unique Brand Positioning
  • Result Oriented
  • Geographical Presence
  • Quality assurance

The relevant quantitative factors are:

Basic & Diluted EPS RONW in % NAV (Rs.)
31-Mar-16 0.49 33.00
31-Mar-17 2.78 65.50
31-Mar-18 6.60 60.80
10.86
  • Price/Earning (P/E) ratio in relation to issue Price of Rs. 132
Particulars P/E ratio
Highest
142.66
Lowest 12.62
Average 77.64
  • Competitive Peers:
Sr. No.  Particulars Face Value  (in Rs.) Basic EPS (In Rs.) Diluted EPS (In Rs.) P/E Ratio RONW (%)  NAV (In Rs.)
1
Humming Bird
Education Limited
10 26.22 6.60 20 60.8 10.86
2 CL Educate Limited 10 10.57 4.03 30.86 1.83 228.09
3
Navneet Education
Limited
2 8.23 6.56 16.18 16.33 33.36
4
Siddharth
Education Limited
10 5.17 2.56 12.62 13.23 24.17
5
Shanti Educational
Initiatives Limited
10 18.54 0.98 142.86 3.32 77.17

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Humming Bird Education IPO Lead Managers

Lead Managers
SHARE INDIA CAPITAL SERVICES PRIVATE LIMITED
14, Dayanand Vihar, Near Karkardooma Metro Station, Delhi
-110092, India.Tel. No.+91-11-43011000
Fax.No.:+91-11-43011030
Email
Investor Grievance Email Id:
Website: www.shareindia.com
SEBI Registration Number: INM000012537
Contact Person:Mr. Abhinav Gupta

Humming Bird Education IPO Registrar to offer

Registrar to the Offer
BIGSHARE SERVICES PRIVATE LIMITED
1st Floor,Bharat Tin Works Building,Opp. Vasant Oasis,Makwana Road,Marol,
Andheri(East),Mumbai– 400059, Maharashtra, India.
Tel.No: +91-22–62638200
Fax.No.:+91-022-62638299
E-mail:
Website: www.bigshareonline.com
SEBI Registration No. INR000001385
Contact Person: Mr. Babu Rapheal

Other Details:

  • Statutory Auditor – M/s. S.K. SINGHAL & ASSOCIATES, Chartered Accountants
  • Peer Review Auditor -M/s Narendra Sharma & Co., Chartered Accountants
  • Bankers to the Company – HDFC Bank 

Humming Bird Education IPO Review by Top 10 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

Humming Bird Education IPO Grey Market Premium

The Humming Bird Education IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


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Humming Bird Education IPO News

News 1 – IPO ISSUE OPENS SOON [Download Prospectus]


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