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Sylph Education Solutions to raise upto Rs 4.80 crore through IPO

10 Feb 2016 Evaluate

Sylph Education Solutions is coming out with an initial public offering (IPO) of 40,00,000 equity shares of face value of Rs 10 each for cash at a fixed price of Rs 12 per equity share. The issue opens on February 10, 2016 and will close on February 15, 2016. The shares will be listed on SME platform of BSE. The share is priced at 1.2 times higher to its face value of Rs 10.

The book running lead manager to the issue is Corporate Strategic Allianz, while the compliance officer for the issue is Rani Rai.

The company provides educational services in the field of information technology (I.T) which is comprises of providing basic I.T training at two centers namely ‘Little Wonder’, a primary school and ‘IT Gurus’. The company is tutoring basic computer knowledge, internet, surfing, computer courses like Microsoft office, accounting and financial management, inventory management, etc.

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