Humming Bird Education IPO

Humming Bird Education IPOHumming 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 Limited 
A 95/ 3, Second Floor
Wazirpur Industrial Area
Delhi – 110052

Phone: +91 -011 47096144
Email: [email protected]

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 Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072

Phone: +91 22 4043 0200 
+91 22 2847 5201
 [email protected]

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)


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