Shanti Educational Initiatives SME IPO – Snapshot, Prospectus, Details

shanti educational initiatives ipo Shanti Educational Initiatives Limited has filed its draft prospectus to be listed on the BSE, SME platform with markets regulator Securities and Exchange Board of India (SEBI).

Company profile

Incorporated on April 16,2010  in Gujarat. The headquarter is based in Ahmedabad, Gujarat. The presence of the Company is also available in the states of Rajasthan, Bihar, Maharashtra, Karnataka, and Tamil Nadu.  The firm is  forms part of the esteemed Chiripal Group which is engaged in diversified business in the area of textile, spinning, weaving, knitting, fabric processing, chemicals, infrastructure, BOPP  film etc. The company is basically facilitating a high quality and affordable educational services to the broader population by leveraging economies of scale, skilled staff, and an efficient business model.

The company Offers its servicing as follows :-shanti education sme ipo

  • Assistance in School infrastructure and design.
  • Branding & Marketing.
  • School Expansion plan and growth strategy.
  • School management systems, development of manuals, MIS report and processes.
  • Sustainable business models.
  • Leadership development.
  • New admissions and retention programme.
  • Rigorous training programme for teaching and non-teaching staff.
  • Complete Quality management systems.
  • Daily operational guidance & support
  • Building school governance manuals.

Three business units of the company are as under:

Shanti Juniors: With 154 franchised preschools under the brand name of ‘Shanti Juniors’ spread over western, southern and northern region in India, they are rapidly growing popularity in preschool segment.

Shanti Asiatic School: Under the brand name of ‘Shanti Asiatic School’ there are 6 K-12 schools having over approximately 3600 students.

Shanti’s Hopskotch: There are 5 premium category preschools to serve the niche segment which aspire for premium quality education, ambience and learning environment for children under the brand name of ‘Shanti’s Hopskotch’.

Outlook of the Firm:-

  1. Qualified and Experienced Management team and staff
  2. Scalable business model
  3. Quality education through standardized and innovative teaching methods
  4. Expansion of Domestic Market
  5. Quality educational service
  6. Promotion of our brand recognition
  7. Moving up the Value Chain

Objects Of The Issue

1) Construction of School Building Project at Vastral in Gujarat
2. General Corporate Expenses
3. Issue Expenses

Click here for Shanti Educational Initiatives Limited SME IPO Prospectus

Summary Of Issue:                      

Issue Open:- June 1, 2016 – June 6, 2016
Issue Type Fixed Price Issue IPO
Issue Size 4,400,000 Equity Shares
Issue Size in (Value) Rs. 39.60Crore
Face Value Rs. 10 Per Equity Share
Issue Price Rs. 90 Per Equity Share
Market lots 1600 Shares
Minimum lot 1600 Shares
Designated Stock Exchange BSE, SME

Promoters Of The Company

  1. Vedprakash D. Chiripal:- He is 63 years old. He has almost 20 years of experience in textile processing as well as export and domestic trading. He is in the board of our various group Companies.
  2. Mr. Brijmohan D. Chiripal:- He is 54 years. He has almost 20 years of experience in textile processing as well as export and domestic trading. He is in the board of our various group Companies.
  3. Ms. Vineeta V. Chiripal:- She is 35 years old. She has more than 5 years of experience in the business and industry. She is responsible for the overall growth and development of our Company and for taking all key decisions in consultation with the Board.
  4. Mr. Vishal V. Chiripal:- He is 37 years old. He has more than 14 years of experience in textile processing as well as export and domestic trading.
  5. Mr. Ronak B. Agarwal:- He is 26 years old. He has more than a year experience in the business and industry.


Particulars For the year/Period ended (Rs. in Million)
Financial Year 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12 31-Mar-11
Total Equity & Liabilities 5031.60 5151.18 5943.34 2548.76 2060.94
Total Assets 5031.60 5151.18 5943.34 2548.76 2060.94
Total Revenue 666.82 648.54 2451.36 1195.05 1040.88
Total Expenses 590.17 640.63 2438.46 1204.86 1034.66
Profit After Tax (PAT) 57.87 10.45 3.92 -56.44 7.88


Lead Manager Details:-


18, Deshapriya Park Road, Kolkata – 700 026,

West Bengal, India

Tel: +91 – 33 – 30015555, Fax: +91 – 33 – 3001 5531



Contact Person: Ms. Alka Mishra / Ms. Nimisha Joshi

SEBI Registration No.: INM 000011930

Registrar To The Issue


C-13, Pannalal Silk Mills Compound LBS Marg,

Bhandup West, Mumbai-400078

Tel: +91 – 22- 61715400, Fax: +91 – 22 -25960329



Contact Person: Ms. Shanti Gopalkrishnan

SEBI Registration No.: INR000004058

Registered Office Details

283, New Cloth Market, Ahmedabad- 380002, Gujarat, India;  Tel: +91-79-22162006

Corporate Office: Chiripal House, Near Shivranjani Cross Road, Satellite, Ahmedabad-380 015

Tel: +91-79- 26734660/62/63;


Company Secretary and Compliance Officer: Ms. Dimple R. Padhiar;


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