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

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 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.

 


Humming Bird Education IPO Review & Ratings

IPO Ratings & Review
CriteriaRatings
Industry Sentiments8.5/10
Industry Ranking7.8/10
Company Background7.9/10
Company Reputation7.9/10
Competitive Edge7.7/10
Financial Statements7.8/10
Popularity Index8.4/10
Promoters Reputation7.7/10
Retail Appetite7.9/10
Top Brokers Review7.9/10
Overall Ratings8.1/10
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.


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    Humming Bird Education IPO Date

    The opening and the closing date of Humming Bird Education IPO is Mar 15, 2019 – Mar 19, 2019.


    Humming Bird Education IPO Subscription

    Day / DateQIBNIIRIITotal Subscription
    1st Day – Mar 151.48x0.21x0.84x
    2nd Day – Mar 181.87x0.58x1.23x
    3rd Day – Mar 191.90x0.91x1.42x
    Shares Offered or Net Issue77,00077,000154,000

    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.

    Basis of Allotment Finalization25-Mar-19
    Refunds Initiation26-Mar-19
    Credit of Shares to Demat Account27-Mar-19
    Share Listing Date28-Mar-19

    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-1831-Mar-1831-Mar-1731-Mar-16
    Total Assets102.3729.3236.7518.05
    Total Revenue108.65117.0993.7051.56
    Total Expense58.98102.4787.1550.19
    Profit After Tax36.7810.574.460.78

    Earnings per Equity Share (in lakhs)

    31-Aug-1831-Mar-1831-Mar-17
    Basic & Diluted6.602.780.49

    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 Portion77,000 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 Issue4,50,000 Equity Shares
     Equity Shares outstanding after the Issue6,13,000 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

    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 EPSRONW in %NAV (Rs.)
    31-Mar-160.4933.00
    31-Mar-172.7865.50
    31-Mar-186.6060.80
    10.86
    • Price/Earning (P/E) ratio in relation to issue Price of Rs. 132
    ParticularsP/E ratio
    Highest
    142.66
    Lowest12.62
    Average77.64
    • Competitive Peers:
    Sr. No. ParticularsFace Value  (in Rs.)Basic EPS (In Rs.)Diluted EPS (In Rs.)P/E RatioRONW (%) NAV (In Rs.)
    1
    Humming Bird
    Education Limited
    1026.226.602060.810.86
    2CL Educate Limited1010.574.0330.861.83228.09
    3
    Navneet Education
    Limited
    28.236.5616.1816.3333.36
    4
    Siddharth
    Education Limited
    105.172.5612.6213.2324.17
    5
    Shanti Educational
    Initiatives Limited
    1018.540.98142.863.3277.17

    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 Id-info@shareindia.com
    Investor Grievance Email Id:investors@shareindia.com
    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: ipo@bigshareonline.com
    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 ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking7.5/107.4/108.5/108.1/107.1/10
    Sharekhan7.2/107.1/108.6/108.1/107.2/10
    Kotak Securities7.3/107.5/108.4/108.1/107.3/10
    ICICI Direct7.3/107.3/108.7/108.1/107.1/10
    IIFL7.5/107.2/108.8/108.0/107.1/10
    Edelweiss7.5/107.4/108.4/108.3/107.2/10
    Zerodha7.4/107.1/108.5/108.1/107.0/10
    5Paisa7.1/107.1/108.4/108.1/107.1/10
    Karvy7.4/107.3/108.2/108.1/107.1/10
    Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

    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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