Siddharth Education Services Limited, established in 1997, specializes in providing tutorial coaching services to students pursuing professional courses in India. The company focuses on delivering tutorial services for various programs such as company secretary, chartered accountancy, cost and management accountancy, and CFA courses. With a track record spanning over two decades, company has become a trusted name in the field of professional education.
Presently, the company operates four centers under its direct management and boasts a team of 22 experienced faculty members. Their tutorial programs are meticulously designed to offer students a comprehensive and structured approach to learning. By adopting a simple and lucid teaching methodology, Siddharth Education Services aims to provide students with effective and efficient education.
Siddharth Education IPO Details
| IPO Date | Sep 29, 2017 to Oct 5, 2017 |
| Listing Date | Oct 12, 2017 |
| Face Value | ₹10 per share |
| Price | ₹30 to ₹35 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 3,108,000 shares (aggregating up to ₹10.88 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
Siddharth Education IPO Listing Details
| Listing Date | Oct 12, 2017 |
| BSE Script Code | 540736 |
| NSE Symbol | |
| ISIN | INE930X01012 |
| Final Issue Price | ₹35 per share |
Industry Overview
The industry has experienced a positive growth trajectory, driven by factors such as increasing literacy rates, rising disposable incomes, and a growing emphasis on skill development. The need for specialized education and training programs, such as those offered by Siddharth Education Services, has become crucial for students aiming to excel in professional fields like company secretary, chartered accountancy, cost and management accountancy, and CFA.
As for the industry’s compound annual growth rate (CAGR), it can vary depending on specific segments and market conditions. However, the education sector in India has generally exhibited a healthy growth rate over the years. Factors like government initiatives, technological advancements, and changing educational preferences contribute to the industry’s growth potential.
Objects of the Issue
The object of the issue are:
1. Establishment of new Coaching Centres
2. Acquisition of human resource training centres
3. Digital marketing and online training
4. General corporate purpose
Siddharth Education IPO Prospectus
Company Contact Information
Siddharth Education Services Ltd
101 1st Floor Chirag Arcade,
Behind Nagrik Stores E R Road,
Thane (West) – 400601
Phone: +91-22-25334903
Email: siddharth_academy@yahoo.co.in
Website: http://www.siddharthacademy.com
Siddharth Education IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/
Siddharth Education IPO Lead Manager(s)
- Gretex Corporate Services Pvt Ltd (Past IPO Performance)
