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Tutorials Point India IPO – Listing, Allotment, Subscription, GMP & DRHP

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

Tutorials Point India Limited company, an online education service provider, is working towards publishing high quality educational content, notes, videos &resources (e.g. coding terminals, development tools, articles, questions& answers) to technical students as well as IT professionals worldwide.Stock Broker Complaints


Tutorials Point India 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 Tutorials Point India IPO

Tutorials Point India IPOTutorials Point India Limited company, an online education service provider, is working towards publishing high quality educational content, notes, videos &resources (e.g. coding terminals, development tools, articles, questions& answers) to technical students as well as IT professionals worldwide.

Initial Offering upto 31,41,000 Equity Shares of face value of Rs.10/- each fully paid up of the Company for cash at price of Rs. 60-64/- per Equity Share aggregating Rs. 2010 lakhs..  The face value of the Equity Shares of the company is Rs. 10/- each and the Issue Price of Rs. 64/- per Equity Share is 6.4 times of the Face Value.

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

  • In the past four years, the revenues have increased from INR 209.04 lakhs in F.Y. 2014-15 to INR 636.04 lakhs in F.Y. 2015-16, INR 1037.07 lakhs in F.Y. 2016-17 and to INR 1025.06 lakhs in F.Y. 2017-18 showing a CAGR of almost 69.89%.
  • The  EBITDA was Rs. 564.97 Lakhs for the period ended Mar 30, 2018 which was about 1.58% of the total revenue.
  • The net asset value per Equity Share was Rs. 13.55 and Rs. 11.30 as of November 30, 2018 and March 31, 2018, respectively, as per the Restated Standalone Financial Statements.
  • Net Profit after tax for the above-mentioned periods are INR 40.77 lakhs, INR 136.60 lakhs, INR 293.49 lakhs and INR 370.79 lakhs, respectively, showing that the profit after tax of the Company for the last three years has grown at a CAGR of almost 108.74%.

The Promoters of this company are Mohammad Mohtashim, Mahnaz Fatima,Rajamani Kanteshwar Rao Koppisetty, Tanu Pareek  The lead manager to the issue is  Holani Consultants Private Limited and the Registrar to this issue is M/s Link Intime India Private Limited.



Tutorials Point India IPO Dates

The opening and the closing date of Tutorials Point India IPO is Sep 30, 2019 – Oct 4, 2019.


Tutorials Point India IPO Subscription

Day / DateNIIRIITotal Subscription
1st Day – Sep 300.10x0.00x0.05x
2nd Day – Oct 10.27x0.02x0.14x
3rd Day – Oct 30.30x0.04x0.17x
4th Day – Oct 4
Shares Offered or Net Issue1,388,0001,388,0002,776,000

The shares subscribed by the public will be updated here.


Tutorials Point India IPO Allotment Status

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

Basis of Allotment FinalizationOct 10, 2019
Refunds InitiationOct 11, 2019
Credit of Shares to Demat AccountOct 14, 2019
Share Listing DateOct 15, 2019

Tutorials Point India IPO Price Band

The face value of each share is Rs 10, but the price band of the IPO is Rs. 60 – Rs. 64.


Tutorials Point India IPO Size & Offering

31,41,000 Equity Shares of face value of Rs.10/- each fully paid up of the Company for cash at price of Rs. 60 – Rs. 64 per Equity Share aggregating Rs. 20.10 Crores.


Tutorials Point Limited – Company Overview

Tutorials Point India Limited was company was originally incorporated on June 12th, 2014 as a Private Limited Company under the name and style of Tutorials Point (India) Private Limited under the provisions of the Companies Act, 2013. Subsequently, the company was converted into Public Limited Company vide special resolution passed by their shareholders at the EGM held on October 1st, 2018.

Tutorials Point India Limited company, an online education service provider, is working towards publishing high quality educational content, notes, videos & resources (e.g. coding terminals, development tools, articles, questions& answers) to technical students as well as IT professionals worldwide.

They started with a single tutorial on HTML and elated by the response that it generated, they worked their way to adding fresh tutorials to their repository which now proudly flaunts a wealth of tutorials and allied articles on topics ranging from programming languages to web designing to academics and much more.

The company followed this up by launching an online coding terminal tool “Coding Ground” for websites wherein a user can create, edit, compile, execute and verify your program and generate a short link that can be embedded in with the user’s website. They also provide a platform to allow users (students &tutors) to connect directly and avail the services listed on the website.

Competitive Strengths of Tutorials Point India Limited:

  • Experienced Management and Efficient Workforce
  • Wide array of Quality Products and Services
  • Focus on quality and innovation
  • Pursue International Growth Opportunities
  • Strengthen R&D Capabilities & Broaden the Products Portfolio.

Business strategies of Tutorials Point India Limited:

  • Grow user base and enhance user engagement.
  •  Enhance the technology and learning capabilities of the platform.
  • Expand beyond English language learning across the world.
  • Build a household brand
  • Further develop the products and enrich their content

Tutorials Point India 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:

Amount (in INR & lakhs)
31-Mar-1931-Mar-1831-Mar-1731-Mar-16
Total Assets1,386.56963.79583.45311.14
Total Revenue1,035.291,025.061,037.07636.04
Total Expense522.68511.55603.24431.79
Profit After Tax403.02370.79293.49136.60
  • Earnings per Equity Share (in lakhs)
31-Mar-1931-Mar-1831-Mar-17
Basic & Diluted2.264.943.91

From the above statements, one could find that the Tutorials Point India Limited may perform well.


Tutorials Point India IPO – Promoters

The Promoters of this company are:

  • Mohammad Mohtashim, 
  • Mahnaz Fatima

List of Related Parties (Key Managerial Personnel)

  • Mohammad Mohtashim, 
  • Mahnaz Fatima,
  • Rajamani Kanteshwar Rao Koppisetty,
  • Tanu Pareek

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.


Tutorials Point India IPO Offer Details or Issue Details

Particulars No. Of Equity Shares
 Equity Shares Offered 31,41,000 Equity Shares of face value of Rs.10/- each fully paid up of the Company for cash at price of Rs. 60 – Rs 64 per Equity Share aggregating Rs. 2010 lakhs
 Of which:
 Reserved for Market Makers 1,59,000 Equity Shares of face value of Rs. 10/- each
 Net Issue to the Public 29,82,000 Equity Shares of face value of Rs.10/- each 
 Of which:
 Retail Investors Portion 14,91,000 Equity Shares of face value of Rs. 10/- each 
 Non-Retail Investors Portion14,91,000 Equity Shares of face value of Rs. 10/- each 
 Equity Shares outstanding prior to the Issue75,10,000 Equity Shares
 Equity Shares outstanding after the Issue1,06,51,000 Equity Shares of face value of Rs. 10 each

Tutorials Point India IPO Issue Object

These are the IPO Issue Objects of the company

  • For development and creation of e-tutorial contents for a 6th-12th standard:
  •  Repayment/ pre-payment of certain unsecured loans availed from banks and financial institutions by the company; and
  •  General Corporate Purposes

Tutorials Point India 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 Management and Efficient Workforce
  • Wide array of Quality Products and Services
  • Focus on quality and innovation
  • Pursue International Growth Opportunities
  • Strengthen R&D Capabilities & Broaden the Products Portfolio

The relevant quantitative factors are:

Basic EPSRONW%NAV
31-Mar-161.8274.19
31-Mar-173.9161.45
31-Mar-184.9443.70
11.30
  • Price to Earnings (P/E) ratio in relation to Issue Price of Rs. 46 per Equity Share of face value of Rs. 10 each
ParticularsP/E ratio
P/E based on Basic/ Diluted EPS for FY 2017-189.31
P/E based on weighted average Basic/ Diluted EPS11.30
  • Competitive Peers:

They believe that there are no listed peer group comparable companies in India which are purely online education service provider, and are working towards publishing high quality Education Content, Notes and Videos & Resources. Further, they believe there are no listed entities which are having comparable turnover and are focused exclusively in the segment in which they operate.


Tutorials Point India IPO Lead Managers

Lead Managers
HOLANI CONSULTANTS PRIVATE LIMITED
401-405 & 416-418, 4th Floor, Soni Paris Point,
Jai Singh Highway, Bani Park,
Jaipur 302016
Tel.: +91 0141-2203996
Fax: +91 0141-2201259
Website: www.holaniconsultants.co.in
Email:
Investor Grievance Id:

Contact Person: Mr. Bharat Mantri
SEBI Registration No.: INM000012467

Tutorials Point India IPO Registrar to offer

Registrar to the Offer
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park, Lal Bahadur
Shastri Marg, Vikhroli (West), Mumbai
400083 Maharashtra, India
Tel: +91 022-49186200
Fax: +91 022-49186195
Website: www.linkintime.co.in
Email:
Investor Grievance
Contact Person: Shanti Gopalkrishnan
SEBI Registration Number: INR000004058

Other Details:

  • Statutory Auditor – M/s. D.V. Barfiwala & Co., Chartered Accountants
  • Peer Review Auditor -M/s. D.V. Barfiwala & Co., Chartered Accountants
  • Bankers to the Company – IDBI Bank Limited, HDFC Bank Limited

Tutorials Point India 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

Tutorials Point India IPO Grey Market Premium

The Tutorials Point India 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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Tutorials Point India IPO News

News 1 – IPO ISSUE OPENS SOON (Download Prospectus)

News 2 – Red Herring PDF (Download RHP Prospectus)


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