Ascensive Educare Limited becomes fourteenth company to get listed on BSE Startups Platform

Ascensive Educare Limited became the fourteenth company to get listed on the BSE Startup Platform on January 12, 2022. Ascensive Educare came out with an initial public offering of 8,68,000 equity shares of Rs 10/- each ('equity shares') for cash at a price of Rs 26/- per equity share (the 'offer price'), aggregating to Rs 2.26 crore. The company has successfully completed its public issue on January 4, 2022. 

Ascensive Educare Limited is a West Bengal based company whose registered office is at Kolkata. The company is engaged in business of training and skill development offering vocational training, and educational consulting in collaboration with Central Government, State Governments and various Industries and industry associations.  The company has been core to delivering high-quality training interventions that range from conducting training workshops to placement. Course curriculum is NSFQ compliant and experienced trainers, including the ones certified by the Sector Skills Council, take care of all the training programs. The company is an accredited NSDC training partner provider and offers nationally recognized qualifications and skill sets that comply with industry standards.

Ahmedabad based GYR Capital Advisors Private Limited was the lead manager for Ascensive Educare Limited. 

The 13 companies listed on BSE Startups Platform have raised Rs 58.64 crores from the market and total market capitalization of these companies as on January 11, 2022 is Rs 332.39 crores. BSE is the market leader in this segment with a market share of 100 percent. 

BSE was the first stock exchange to get the approval from SEBI and launch its Startups platform on December 22, 2018.