Another new IPO has come to the fore from the Small and Medium Enterprise (SME) segment. This time, it’s from Kuberan Global Edu Solutions Ltd. Continue reading this article to know more about the key Kuberan Global Edu Solutions Ltd IPO details.
About the company
Incorporated in 2013, Kuberan Global Edu Solutions Ltd is in the business of providing educational services through both online and classroom teaching. The company is well-known for providing education through digital means such as recorded video lectures, online assessment through the company’s own smartphone application.
The company also provides assessment and test preparation sets for a variety of different exams including banking, MBA, Staff Selection Commission (SSC), Life Insurance Corporation (LIC), Chartered Accountancy (CA), Certified Management Accountant (CMA), and Company Secretary (CS), among others.
Kuberan Global Edu Solutions Ltd IPO details
Now that you’re aware of the company, let’s take a look at some of the key details of the latest IPO, including Kuberan Global Edu Solutions Ltd IPO date and the Kuberan Global Edu Solutions Ltd IPO share price.
Kuberan Global Edu Solutions Ltd IPO date
The company has set the opening date of the upcoming IPO as April 20, 2021. After staying open for 8 days, the issue would then come to a close on April 27, 2021.
Kuberan Global Edu Solutions Ltd IPO issue size
The total issue size of this new IPO comes up to around Rs. 111.60 lakhs with around 5,58,000 equity shares up for sale.
Kuberan Global Edu Solutions Ltd IPO share price
The company has notified the share price of the latest IPO as Rs. 20 per equity share. Considering the fact that the face value of the company’s share is around Rs. 10 per equity share, around Rs. 10 per share would go towards share premium.
Kuberan Global Edu Solutions Ltd IPO listing
Since the upcoming IPO is from the SME segment, the shares of the company would be listed on the Bombay Stock Exchange’s Startups platform.
Kuberan Global Edu Solutions Ltd IPO objectives
The company has notified that it would use the net proceeds from the issue towards financing the capital expenditure that it would incur for providing a digital banking course through the online mode.
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