Humming Bird Education IPO is all about to make its debut on 15 March 2019 with issue size of INR 2.15cr
Humming Bird Education is a Delhi-based corporation that was founded in 2010 and operates in the educational industry. The business conducts Olympiad, a competitive test where students’ academic achievement is assessed and graded in relation to their peer group.
Humming Bird Education helps students recognise their strengths and shortcomings by using factual, conceptual, reasoning, logical, analytical, and problem-solving skills. For all participants, the company offers free mobile apps, performance analysis reports, and study materials. The Olympiad results also give schools the chance to evaluate the effectiveness of their instructors using the in-depth knowledge offered. A corporation with few assets that is centralised in management is Humming Bird Education.
INDUSTRY OVERVIEW
India occupies a significant position in the global education sector. With 850 universities (as of April 2018) and 42,026 colleges, India boasts one of the largest networks of higher education institutions in the world. There were 35.7 million students registered throughout all higher education institutions.
in 2016-17. The educational system still has a great deal of room for growth, though. Also, the government’s goal of increasing its current gross enrolment ratio to 30% by 2020 will help India’s remote education sector flourish.
Humming Bird Education ipo Details
| IPO Date | Mar 15, 2019 to Mar 19, 2019 |
| Listing Date | Thursday, March 28, 2019 |
| Face Value | ₹10 per share |
| Price | ₹132 per share |
| Lot Size | 1000 Shares |
| Issue Size | 163,000 shares of ₹10(aggregating up to ₹2.15 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Humming Bird Education ipo Tentative Dates
Humming Bird Education ipo opens on Mar 15, 2019, and closes on Mar 19, 2019. The Humming Bird Education ipo bid date is from Mar 15, 2019 10.00 A.M. to Mar 19, 2019 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
| Opening Date | Mar 15, 2019 |
| Closing Date | Mar 19, 2019 |
| Basis of Allotment | Mar 25, 2019 |
| Initiation of Refunds | Mar 26, 2019 |
| Credit of Shares to Demat | Mar 27, 2019 |
| Listing Date | Mar 28, 2019 |
Company Financials
| Particulars | For the year/period ended (in Rs. Lakhs) | ||||
| 30-Nov-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 | |
| Profit After Tax | 36.78 | 10.57 | 4.46 | 0.78 |
Objects of the Issue
The Fresh Issue’s objectives are:
1. To partially finance the company’s operating capital needs
2. To fulfil general corporate functions
3. To cover the Issue’s costs.
Humming Bird Education ipo Prospectus
› Humming Bird Education ipo RHP
Company Contact Information
Humming Bird Education Limited
1374-1375, 2nd Floor
Katra Lehswan, Chandni Chowk
Delhi-110006
Phone: +91-011-47096144
Email: info@hummingbirdeducation.com
Website: https://www.hummingbirdeducation.com
Humming Bird Education ipo Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Humming Bird Education ipo Lead Manager(s)
- Share India Capital Services Private Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
