Jointeca Education Solutions is going to list its equity shares on the BSE SME platform on Tuesday, September 4, 2012.

The company offers educational ERP solutions through its product GuruSeva and its business is concentrated mainly in the Northern Region of India. Company provides services to all kinds of educational institutions and also offers online education through website portal www.shiklo.in.

Jointeca raised Rs 5.35 crore through the issue at price of Rs 15 per share. The public issue of 35,68,700 equity shares was opened for subscription during August 16-21.

Issue proceeds are proposed to be used for expanding product Guruseva (educational ERP solution) under BOOT model through cloud computing solutions, establishing and expanding infrastructure for B2B educational portal www.shiklo.in, and the promotion and branding expenses for setting up robust sales network for products.