Chetana Education Limited IPO Detail
Established in 2017, Chetana Education Limited specializes in publishing textbooks for CBSE/State Board curriculum for K-12 segment and educational software for educational videos for teachers and students accessible through QR (Quick Response) codes.
Chetana Education currently caters to the Maharashtra State Board and the Central Board of Secondary Education (CBSE) and covers the entire spectrum of textbooks from early pre-primary education to K-12 courses. The company has sold more than 6 million books for students at various grade levels, from pre-primary to primary, secondary and senior secondary. The company works with over 400 contract authors who contribute to the creation of content for the company.
The company has a portfolio of 700 titles (as of 2023) with 15 different brands including Master Key, Self-Study, Firefly, Bright Buddies, My Skill Book, Grade Me, QR Series, etc. The company has also developed a range of digital content to enhance students' understanding of specific subjects and harness the content usable for a better learning experience. The company has entered into a strategic partnership with Allern Enterprises Private Limited, an edtech company, and has produced over 30,000 videos that can be accessed through QR codes.
As of January 2024, the company has a distribution and sales network consisting of more than 500 distributors and dealers and a dedicated sales team working in branches and marketing offices across India.
As of December 31, 2023, the company employed a total of 470 people.
Company Promoters
Anil Jayantilal Rambhia, Rakesh Jayantilal Rambhia & Shilpa Anil Rambhia are the company's promoters.IPO Details
IPO Opening Date | Jul 24, 2024 |
IPO Closing Date | Jul 26, 2024 |
Issue Type | Book Built Issue IPO |
Face Value | ₹10 per equity share |
IPO Price | ₹80 - 85 per equity share |
Market Lot | 1600 Shares |
Min Order Quantity | 1600 Shares |
Listing At | NSE SME |
Issue Size | ₹45.90 Cr |
Fresh Issue | 5,400,000 shares (aggregating up to ₹45.90 Cr) |
Offer for Sale | - |
Retail Portion | 35% |
IPO Subscription (Bidding Detail)
AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
---|---|---|---|---|---|---|
Day 1 | 4.20x | 0.00x | 0.00x | 1.96x | 2.52x | 2.88x |
Day 2 | 4.20x | 0.00x | 0.00x | 11.10x | 18.91x | 13.03x |
Day 3 | 101.22x | 0.00x | 0.00x | 468.42x | 135.11x | 196.87x |
IPO Tentative Timetable
The Chetana Education Limited IPO open date is Jul 24, 2024, and the close date is Jul 26, 2024. The issue may list on Jul 31, 2024.
IPO Open Date | Jul 24, 2024 |
IPO Close Date | Jul 26, 2024 |
Basis of Allotment Date | Jul 29, 2024 |
Initiation of Refunds | Jul 30, 2024 |
Credit of Shares to Demat Account | Jul 30, 2024 |
IPO Listing Date | Jul 31, 2024 |
IPO Lot Size
The Chetana Education Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹136000).
Application | Lots | Shares | Amount (Cut-off) |
---|---|---|---|
Minimum | 1 | 1600 | ₹136000 |
Maximum | 1 | 1600 | ₹136000 |
IPO Promoter Holding
Pre Issue Share Holding | 100.00% |
Post Issue Share Holding | 73.53% |
Company Financials:
For the year/period ended (₹ in Lakhs)
Financial Year | Total Assets | Total Revenue | Profit After Tax |
---|---|---|---|
31-Jan-24 | 6682.64 | 5328.34 | 178.92 |
31-Mar-23 | 8315.08 | 7560.77 | 685.47 |
31-Mar-22 | 7605.82 | 4312.21 | 168.06 |
Objects of the Issue:
The company intends to utilize the proceeds of the Issue to meet the following objects:
- Repayment of certain borrowing availed by the Company, in part or full;
- To meet Working Capital requirements; and
- General Corporate Purpose.
Chetana Education Limited IPO Registrar:
Link Intime India Private Ltd
Chetana Education Limited IPO Lead Manager(s):
Hem Securities Limited
Company Contact Information:
Chetana Education Limited
401, E-Wing, B & C Block, Trade Link, Kamala Mill, Delisle Road
Mumbai
Mumbai