Sid­dharth Ed­u­ca­tion soars on Day 1

The Hindu Business Line - - MARKET WATCH -

Sid­dharth Ed­u­ca­tion Ser­vices, which raised ₹10 crore through an ini­tial public of­fer­ing on the BSE SME plat­form, hit the up­per cir­cuit on Thurs­day, its de­but day. The com­pany is­sued 31.08 lakh eq­uity shares of ₹10 each at a price of ₹35 each. Open­ing on a bullish note at ₹36.9 a share, there were only buy­ers in the counter and the shares soon hit the 20 per cent up­per cir­cuit at ₹42. Vi­nay Bhag­wat, Chairman, Sid­dharth Ed­u­ca­tion Ser­vices, said the com­pany in­tends to grow in­or­gan­i­cally to ven­ture into HR train­ing, IT plat­form cre­ation and mar­ket­ing. He also stressed on en­try into skill de­vel­op­ment be­ing a huge un­ex­plored sec­tor.

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