Kuberan Global Edu Solutions Limited (KGES) is a company situated in Tamil Nadu that provides services in the “TEST PREP” sector, which includes courses in Banking, Accounting & Professional Courses (CA, CS, CMA), Master of Business Administration entrance exams, Staff Selection Commission (SSC), and other competitive exams. KGES was established in 2013.
Utilizing information technology, the company implements the Kuberan class (a virtual learning approach) to deliver courses through a blend of online teaching and classroom environments. E-learning services are provided to clients using online web conferencing, video conferencing chat rooms, and Voice over IP (Internet Protocol). Additionally, the company offers bespoke courses and tailored training to government entities, corporations, and other educational establishments. The company operates training units in Coimbatore, Tuticorin, Surat, and Udumalaipet.
Kuberan Global Edu Solutions IPO Details
| IPO Date | Apr 20, 2021 to Apr 27, 2021 |
| Listing Date | Wednesday, May 5, 2021 |
| Face Value | ₹10 per share |
| Price | ₹20 per share |
| Lot Size | 6000 Shares |
| Issue Size | 558,000 shares of ₹10 (aggregating up to ₹1.12 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Kuberan Global Edu Solutions IPO Tentative Dates
| Event | Tentative Date |
| Opening Date | Apr 20, 2021 |
| Closing Date | Apr 27, 2021 |
| Basis of Allotment | Apr 30, 2021 |
| Initiation of Refunds | May 3, 2021 |
| Credit of Shares to Demat | May 4, 2021 |
| Listing Date | May 5, 2021 |
Industry Overview
India presents a significant opportunity for the education sector as it has the largest population of around 500 million individuals aged between 5-24 years in the world. In FY18, the education sector in India was valued at US$ 91.7 billion, and it is projected to grow to US$ 101.1 billion in FY19. The number of colleges and universities in India has increased to 39,050 and 903, respectively, in 2017-18, and there were 36.64 million students (about twice the population of New York) enrolled in higher education during the same period. Additionally, the Gross Enrollment Ratio in higher education reached 25.8% in 2017-18.
Moreover, India has emerged as the second largest e-learning market globally after the US. It is estimated that the sector will reach US$ 1.96 billion by 2021, with around 9.5 million users (about half the population of New York). This growth in e-learning is being driven by technological advancements and the increased accessibility of the internet. As a result, the education sector in India is poised for significant growth in the coming years, providing ample opportunities for educational institutions and stakeholders to contribute to the development of the sector.
Company Financials
| Particulars | For the year/period ended (₹ in lakhs) | |||
| 31-Oct-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Assets | 175.19 | 156.19 | 163.93 | 123.32 |
| Total Revenue | 62.60 | 90.85 | 98.75 | 82.80 |
| Profit After Tax | 8.70 | 1.65 | 2.92 | 17.60 |
Objects of the Issue
The company aims to raise money for the following purposes;
- Capital expenditure for Digitalizing Banking Course through online mode by using IT (Information Technology).
- To meet general corporate purposes.
Kuberan Global Edu Solutions IPO Prospectus
Company Contact Information
Kuberan Global Edu Solutions Limited
401, GES Complex, 1st Floor, 7th Street,
Gandhipuram, Coimbatore–641012
Phone: 04224348001
Email: investor@kgesltd.in
Website: http://www.kgesltd.in/
Kuberan Global Edu Solutions IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Kuberan Global Edu Solutions IPO Lead Manager(s)
- Fedex Securities Limited (Past IPO Performance)
