Humming Bird Education IPO description – Humming Bird Education is involved in the business of organizing Olympiads which is a rigorous competitive examination where students are evaluated on a scientifically constructed syllabus and their academic performance is ranked relative to their peer group. The company has adopted ‘Blue Ocean’ strategy for expanding its product and services across the country.
All its orders are received in advance, allowing the company to streamline its cash flows and it has been able to function with minimal working capital. The company follows an asset light business model to remain flexible and nimble and has outsourced a majority of non-core auxiliary operations allowing it to function without considerable investment in a fixed asset base. This gives the company enormous operating leverage when scaling operations. Humming Bird Education has a vast franchisee network which has allowed it to spread its reach.
Humming Bird Education promoters – Mr Nitesh Jain and Narender Kumar Jain
| Humming Bird Education – Upcoming IPO details | |
| Subscription Dates | 15 – 19 March 2019 |
| IPO Price band | INR132 per share |
| Fresh issue | 163,000 shares (INR2.15 crore) |
| Offer for sale | Nil |
| Total IPO size | 163,000 shares (INR2.15 crore) |
| Minimum bid (lot size) | 1,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
Use of funds
- Working capital requirements – INR1.46 crore
- General corporate purposes – INR0.34 crore
- Issue expenses – INR0.35 crore
| Humming Bird Education’s financial performance (in INR lakh) | ||||||
| FY2016 | FY2017 | FY2018 | 8M FY2019 | |||
| Total revenue | 51.6 | 93.7 | 117.1 | 108.7 | ||
| Total expenses | 50.2 | 87.2 | 102.5 | 59.0 | ||
| Profit after tax | 0.8 | 4.5 | 10.6 | 36.8 | ||
Humming Bird Education Contact Details
Humming Bird Education LimitedÂ
A 95/ 3, Second Floor
Wazirpur Industrial Area
Delhi – 110052
Phone:Â +91 -011 47096144
Email:Â [email protected]
Website:Â www.hummingbirdeducation.com
Humming Bird Education IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.79 |
| Day 2 | 1.16 |
| Day 3 | 1.34 |
Humming Bird Education Valuation (For FY2018)
Earnings Per Share (EPS): 6.60
Price/Earnings (P/E) ratio: 20
Return on Net Worth (RONW): 60.8%
Net Asset Value (NAV): 10.86 per share
Registrar of Humming Bird Education IPO
Bigshare Services Private LimitedÂ
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072
Phone:Â +91 22Â 4043 0200Â
Fax:Â +91 22Â 2847Â 5201
Email:Â [email protected]
Website:Â www.bigshareonline.com
Humming Bird Education IPO Allotment Status
Humming Bird Education IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Listing performance of Humming Bird Education
IPO Opening Date: 15 March 2019
IPO Closing Date: 19 March 2019
Listing Date: 28 March 2019
Listing Price on BSE SME: INR132 per share (no change from IPO price)
Closing Price on BSE SME: INR132 per share (no change from IPO price)
