Kuberan Global Edu Solutions Limited- IPO Detail

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KUBERAN GLOBAL EDU SOLUTIONS LIMITED – IPO [INITIAL PUBLIC OFFERING] Detail

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About the KUBERAN GLOBAL EDU SOLUTIONS LIMITED

The Company was originally incorporated as “Kuberan Global Edu Solutions Limited” as Public Limited Company under the provisions of Companies Act, 1956 vide Certificate of Incorporation dated May 22, 2013 bearing Corporate Identity Number is U80900TZ2013PLC019519 issued by Registrar of Companies, Tamil Nadu Coimbatore.

Main Objects of our Company

The Main Objects clause of the Company as per the MoA is as under:

i) To carry on the business of education in India and/ or abroad, in all fields of finance, marketing , information technology, engineering, human resources, etc., by organising courses, operating training centers, online educational websites, running bureaus, publishing books magazines, notes and other materials in typed, cyclostyled, video, audio or any other forms/medias and to set up wide area and local network for educational and research purposes.

ii) To carry on the business to develop, design, buy, sell, distribute, import, export, alter, exchange, install, repair, research, service or otherwise deal in all kinds of computers, hardware’s, software’s, computer peripherals, data processing machine, and other educational software.

iii) To render organizational development services, establish and operate training centers (Data and Information centre and bureaus) and to render services to customers in India and elsewhere by processing their jobs at data processing centers.

iv) To carry out all these activities necessary for dissemination of knowledge/Literature in the field of finance and other subjects such as marketing information technology engineering human resources, mathematics, social sciences, pure sciences such as publishing, operating press, setting up database, CD/DVD/ROMS.

v) Offer vocational courses in Financial services and banking industry, information technology marketing, engineering, human resources etc by operating training centers and to provide certifications, Includes objectives, structure, training programs, sports and recreational facilities and contact management etc.

vi) To acquire businesses that is profitable to grow in organically in the field of education and others

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Registered office and Corporate Office: 401, GES Complex, 1st Floor, 7th Street, Gandhipuram, Coimbatore, Tamil Nadu – 641012, India

Contact Person: Aditya Tripathi, Company Secretary and Compliance Officer

Tel No: 04224348001 | Email: investor@kgesltd.in | Website: www.kgesltd.in

Source: PROSPECTUS

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Promoters of KUBERAN GLOBAL EDU SOLUTIONS LIMITED

CHANDRAMOULEESWARAN KRISHNAN

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Company Financials

Summary of Restated Consolidated Financial Information

For the year/period ended (₹ in Lakhs)

Particulars
	31-Oct-20	31-Mar-20	31-Mar-19	31-Mar-18
Total Revenue	62.60	90.85	98.75	82.80
Profit After Tax	8.70	1.65	2.92	17.60
Total Asset	175.19	156.19	163.19	123.32

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KUBERAN GLOBAL EDU SOLUTIONS LIMITED – IPO Details

IPO Details

Issue Open Date	20 Apr 2021
Issue Close Date	27 Apr 2021
Issue Type	Fixed Price
Face Value	₹ 10.00 per equity share
IPO/Issue Price	₹ 20 per equity share
Market Lot	6000 Shares
Min Order Quantity	6000 Shares
Listing At	BSE SME
Symbol	KGES

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IPO/ Issue Time Line [Tentative]

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Objects of the Issue/Offer

The Net Proceeds from the Issue are proposed to be utilised in the following manner:

1. Capital expenditure for Digitalizing Banking Course through online mode by using Information Technology

2. General Corporate Purposes.

The details of the proceeds of the issue are summarized in the table below:

Particulars	Estimated Amount (Rs. In lakhs)
Gross proceeds from the issue	111.60
Less: Issue related expenses	21.00
Net proceeds of the issue	90.60

Requirement of funds and utilization of Net Proceeds

Sr. No.	Particulars	Estimated Amount (Rs. In lakhs)
1.	Capital expenditure for Digitalizing Banking Course through online  mode by using Information Technology	65.35
2.	General Corporate Purposes	25.25

Source: PROSPECTUS

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