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Ascensive Educare Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Ascensive Educare Ltd IPO

Registered Office: Ascent Enclave1110RasbihariAv.,Fatokgora Chandannagar , Hooghly - 712136 , West Bengal , India.
Phone : 91-33-4071 5661   Fax:91-33-4071 5662
Email :  info@aimetr.com  
Website :  www.ascensiveeducare.com
Intial public of 8,68,000 equity shares of face value of (Rs)10 each ("Equity Shares") of Ascensive Educare Ltd ("The Issuer" or "The Company") for cash at a price of (Rs)26 per equity share (including a share premium of (Rs)16 per share) (The "Issue Price") aggregating (Rs)2.26 crores (The "Issue") of which 44,400 equity shares of face value of (Rs)10 each for cash at a price of (Rs)26 per equity share aggregating (Rs)0.11 crores will be reservd for subscription by the market maker (The "Maret Maker Reservation Portion"). The issue less the market maker reservtion portion i.e. issue of 8,24,000 equity shares of the face value of (Rs)10 each for a cash at a price of (Rs)26 per equity share aggregating to (Rs)2.14 crores (is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 27.05% and 25.68% respectively of the post issue paid up equity share capital of the company. The face value of the equity share is (Rs)10 each and the issue price is (Rs)26. The issue price is 2.6 times of the face value. Bids can be made for a minimum of 4000 equity shares and in multiples of 4000 equity shares thereafter.

Issue Money Payable On
Opens On Closes On Application Allotment
30-Dec-21 04-Jan-22 (Rs)26.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :4000  Further Multiples of :4000

  (Rs Cr) Lead Managers to the Issue
Project Cost 2.26
GYR Capital Advisors Pvt Ltd
Project Financed through Current Offer 2.26  
Post Issue Equity Share Capital 3.21  
Issue Price (Rs)26.00  
 
Projects
Funding the Working Capital Requirements of the CompanyGeneral Corporate Purposes
Promoted By
Abhijit Chatterjee  
Sayani Chatterjee  
Listing At
BSE - SME 
Registrar to the Issue
MUFG Intime India Pvt Ltd