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Ascensive Educare Limited IPO : SME IPO Issue opens Dec 30, 2021

Ascensive Educare is a skill development company offering vocational training, and educational consulting in collaboration with Central Government, State Governments, and various Industries and Industry Associations. The company provides the platform for the skill developments at the grass-roots level to skill and re-skill the workforce of India.

The company is NSDC accredited with NSFQ compliant course curriculum. The training courses are provided by experienced trainers certified by the Sector Skills Council. The company has trained more than 50,000+ trainees under various hardware, networking and management programs in Kolkata. Apart from providing national vocational qualifications, the company also delivers short courses, skill sets, and workshops to professionals and businesses.

Objects of the Issue:

  • Funding the working capital requirements of the company; and
  • General corporate purposes

Company Promoters:

Mr. Abhijit Chatterjee and Mrs. Sayani Chatterjee are the company promoters.

 

Issue Details


ISSUE OPENS
Thursday, December 30, 2021

ISSUE CLOSES
Tuesday, January 4, 2022

ISSUE PRICE
Rs 26 Per Equity Share.

BID LOT
4000 Equity shares & multiple of 4000 Equity shares thereafter.

ALLOTMENT DATE
Tentatively Friday, January 7, 2022

IPO SIZE
Rs. 2.26 Cr

LISTING EXCHANGES
BSE & SME

RATIOS
QIB 75% - Retail 15% - NIB 10%

Company Financials

Particulars For the year/period ended (₹ in million)
Summary of financial Information (Restated Consolidated) 30-Jun-21 31-Mar-21  31-Mar-20  31-Mar-19
Total Assets

139.73 

123.45 

106.46 

 82.24  
Total Revenue 32.13  102.73  96.13 

 91.83  

Profit After Tax

1.09 

4.40 

4.34 

2.80  

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