Tutorials Point (India) Ltd is all set to make its debut in the stock market with the issue size ₹20.10 Cr. Tutorials Point (India) Ltd is a Hyderabad-based supplier of online education services that generates and distributes free self-learning content. Its flagship e-learning portal, TutoralPoint.com, is ranked 91st in India and among the most famous and well-known e-learning portals in the world. It features the most comprehensive lesson collection for learning a variety of disciplines, including computer languages and non-technical areas. It has 128.78 million readers accessing 1000+ lessons in 25+ categories, 12,000+ videos, and 8 lakhs+ subscribers on its YouTube channel in the fiscal year 2018-19. It has also created Coding Ground, an online coding terminal tool that allows users to build, validate, run, change, and produce a short link for the programme.
Tutorials Point (India) Ltd IPO Details
| IPO Date | Sep 30, 2019 to Oct 4, 2019 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹60 to ₹64 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 3,140,000 shares(aggregating up to ₹20.10 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
Tutorials Point (India) Ltd Tentative Timetable
Tutorials Point IPO opens on Sep 30, 2019, and closes on Oct 4, 2019.
| Event | Tentative Date |
| Opening Date | Sep 30, 2019 |
| Closing Date | Oct 4, 2019 |
| Basis of Allotment | Oct 10, 2019 |
| Initiation of Refunds | Oct 11, 2019 |
| Credit of Shares to Demat | Oct 14, 2019 |
| Listing Date | Oct 15, 2019 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
Company Overview
Tutorials Point (India) Limited is an online education service provider that was originally incorporated as a Private Limited Company in 2014 and converted into a Public Limited Company in 2018. Its founders, Mohammad Mohtashim and Mahnaz Fatima, have extensive industry experience and oversee the business’s day-to-day operations.
The company offers a range of high-quality educational content, including notes, videos, coding terminals, development tools, articles, questions, and answers. It also provides a platform that allows users to connect directly and avail themselves of the services listed on the website. The company is committed to providing a comprehensive and accessible educational experience to students and IT professionals worldwide.
Industry Overview
E-learning is the use of electronic media and information and communication technology in education to replicate and complement classroom instruction. It entails organising and providing relevant material to users and customers in an effective manner.
To flourish, start-ups must comprehend the industry’s complexities and difficulties, as well as work across sectors. Start-ups must examine consumer behaviour, legal standards, corporate and consumer requirements, efficient management systems, scalable distribution and delivery systems, and adaptive learning models while building solutions for efficient information transmission. Concentrating on one thing, whether it’s e-learning content or e-learning technology, makes it easier to get started.
Company Financials
| Particulars | For the year/period ended (in Rs. Lakhs) | ||
| 31-March-19 | 31-March-18 | 31-March-17 | |
| Total Assets | 1,386.56 | 963.79 | 583.47 |
| Total Revenue | 1,035.29 | 1,025.06 | 1,037.07 |
| Profit After Tax | 403.02 | 370.79 | 293.49 |
Objects of the Issue
The Company intends to apply the Net Funds from the Offering to the following purposes:
- To conceive, develop, and promote e-tutorial content for grades 6-12, IIT/JEE, and NEET.
- To Purchase IT Hardware;
- to cover general corporate costs
Strengths
- Graduate team that is passionate, energetic, and qualified:
- In-house expert allied teams that are well-established and collaborative
- Extraordinary Reach:
Weaknesses
- Intense Competition in Online Education Market
- Keeping Pace with Technological Advancements
- Vulnerability to Economic Conditions
- Dependence on Online Marketing
Tutorials Point (India) Ltd Lead Manager(s)
- Holani Consultants Private limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
Company Contact Information
Tutorials Point (India) Ltd
4th Floor, Incor9 Building, Block B,
C-1 to C-5/1F, Kavuri Hills Madhapur,
Guttla Begumpet Village, Hyderabad -500081
Phone: +91 040-4854-3786
Email: raja.rao@tutorialspoint.com
Website: https://www.tutorialspoint.com/
Company Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: tutorials.ipo@linkintime.co.in
Website: https://linkintime.co.in/
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