Kuberan Global Edu Solutions IPO

Apply 0
Avoid 1

Kuberan Global Edu Solutions Limited at Coimbatore, TamilNadu was started in 2013, Currently. The company is engaged in the TEST PREP segment including Banking courses, Master of business administration Entrance Exams, Staff Selection Commission (SSC), Life Insurance Corporation of India (LIC), Accounting and Professional Courses like Chartered Accountant (CA), Certified Management Accountant (CMA), Company Secretary (CS) and it is expanding to include various other TEST PREP courses under its belt.

The company provides services through online teaching and classroom which allows the student to engage in self-paced learning. It delivers and supports our education channels through digital features, including recorded video lectures and integrated test and assessment via Kuberan Global Edu Solutions App which includes an online assessment and test series.

Kuberan Class is a concept based on a virtual classroom environment that replicates the model of a real classroom with the use of Information technology (i.e) by using the transmission of voice and multimedia content over Internet Protocol VoIP (voice over IP) and online web conferencing facilities in skype and video conferencing chat rooms. Further, the company have designed and developed Online Examination contents that help in Online preparation for competitive examination for our students

It additionally gives custom courses and offers tweaked preparation to the public authority, corporates, and other educational institutions. The organization has preparing units in Coimbatore, Tuticorin, Surat, Udumalaipet.

Competitive Strengths

(i). Comprehensive range of service
(ii). Quality and experienced Faculty
(iii). Result oriented method of coaching
(iv). Offering courses through both online and offline mode

Objects of the Kuberan Global Edu Solutions IPO:

The Net Proceeds from the IPO will be utilized in the following manner: 1. Capital expenditure for Digitalizing Banking Course through online mode by using Information Technology. 2. General Corporate Purposes.
DRHP of Kuberan Global Edu Solutions IPO
RHP of Kuberan Global Edu Solutions IPO

Kuberan Global Edu Solutions IPO Details:

Open Date: Apr 20 2021
Close Date: Apr 27 2021
Total Shares: 558,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Fixed
Issue Size: 1.12 Cr.
Lot Size: 6000 Shares
Issue Price: ₹ 20 Per Equity Share
Listing At: NSE Emerge
Listing Date: May 05 2021

Promoters And Management:

(i). Chandramouleeswaran Krishnan, is a Managing Director of the Company and Promoter of the Company, who holds the degree of Master of Business Administration (MBA) from Bharathiar University, Coimbatore. He has obtained a certificate of Junior Associate of the Indian Institute of the Bankers (JAIIB) and a certificate of Certified Associate of Indian Institute of Bankers(CAIIB) retail banking examination from Indian Institute of Banking and Finance (IIBF) and has received awarded the title of “Brand Champion” from HDFC Bank. (ii). K. Palanivelammal, is a Whole Time Director of the Company. She has experience of approximately  40 years in education, Industry in Training Segment. Her key role is to manage the day-to-day activities of the company. She was appointed as a whole-time Director on October 11, 2018. (iii). Sathyaseelan Thavasiappan, is an Independent Director of the Company. He was appointed as an Additional Independent director at the Board meeting held on October 11, 2018, and subsequently regularized as an Independent Director at the Extra Ordinary General Meeting held on November 8, 2018. He holds a degree of MSc. Physics from PSG College of Arts and Science, Coimbatore. (iv) Manikannan Sekar, is an Independent Director of the Company. He was appointed as an Additional Independent director at the Board meeting held on October 11, 2018, and subsequently regularized as Independent Director at the Extra Ordinary General Meeting held on November 8, 2018. He holds a degree of Bachelor of Commerce from Government Arts College, Bharathiar University, Coimbatore.

Financials of Kuberan Global Edu Solutions IPO:

Particulars (in Lakhs) 7MFY21 Mar-20 Mar-19 Mar-18
Sales 62.60 90.85 98.74 82.75
Purchase of Stock in Trade 0.00 0.00 0.00 0.00
Changes in Inventories 0.00 0.00 0.00 0.00
Employee Benefit Expenses 11.59 21.13 21.89 10.89
Other expenses 28.11 48.13 56.50 36.48
Operating Profit 22.90 21.59 20.35 35.38
OPM % 36.58% 23.76% 20.61% 42.76%
Other Income 0.00 0.00 0.01 -0.05
Interest 0.25 0.61 0.63 0.50
Depreciation 10.90 18.75 15.32 11.24
Profit before tax 11.75 2.23 4.41 23.70
Net Profit 8.70 1.65 2.92 17.60
NPM % 13.90% 1.82% 2.96% 21.27%
No. of shares 21.07 21.07 21.07 21.07
EPS in Rs 0.57 0.11 0.36 2.63

Comparison With Peers:

Company 5-year Revenue Growth 5 year PAT Growth EBITDA Margin ROE D/E P/E 3 Years Return
Kuberan Global Edu(3 Years) 5% -69% 24% 5.69% 0.02 181 NA
Career Point Limited 8% 18% 42% 6.01% 0.16 9 7.19%
CL Educate Limited 3% -26% -3% -18.73% 0.20 -1.81 -34.38%
Note: All figures of EBITDA Margin, ROE, and D/E are taken for FY19-20.

Recommendation on Kuberan Global Edu Solutions IPO:

Review and Recommendation of InvestorZone are 4/10 The company is working in the lucrative sector of Edtech. However, having said that, the competition is very tough with many players are launching businesses in the Edtech sector. The company's scale is very small to make right investment decision. The average EPS of the last 3 years is 0.94 and P/E is 21x seems quite reasonable.

Lead Manager of Kuberan Global Edu Solutions IPO:

  1. Fedex Securities Limited

Registrar of Kuberan Global Edu Solutions IPO:

  1. Bigshare Services Private Limited

Company Address:

401, GES Complex, 1st Floor, 7th Street, Gandhipuram, Coimbatore, Tamil Nadu – 641012, India

Discussion on Kuberan Global Edu Solutions IPO:

2 Comments

    How do Kuberan gets clients?

    The Company explore and compile database of educational institutions and other prospective clients as a matter of the routine exercise. The compiled data analyzed and accordingly, the marketing team plans a visit to those educational institutions and others which can be explored as prospective clients.

    This means the process of getting clients is offline. Digital Marketing is missing here.

    Reply

    Kuberan main business is of providing banking exam courses preparation to students.

    1. Diploma in Banking and Financial Services – The objective of the Diploma in Banking and Financial Services (DBFS) program is to build a pool of modern Banking professionals for banking industry coupled with government bank exam training

    2. Post Graduate Diploma in Banking and Finance – The objective of the Post Graduate Diploma in Banking and Finance (PGDBF) program is to build a pool of modern Banking professionals for banking industry coupled with government bank exam training.

    3. Post Graduate Diploma in Banking Operations

    Reply

Leave a Reply