IPO

Chetana Education Limited IPO

NSE SME

Listed On: Jul 31, 2024 at ₹ 98.9

₹ 136000 /1600 Shares

Check Allotment

Chetana Education Limited IPO Details

24 Jul, 2024

Open Date

26 Jul, 2024

Close Date

29 Jul, 2024

Allotment Date

31 Jul, 2024

Listing Date

Issue Price

₹80-85 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Link Intime India Private Ltd

List Price

98.9

Listing Date

2024-07-31

Market Lot

1600 Shares (₹136,000/-)

Lead Manager

Hem Securities Limited

Issue Size

5,400,000 shares(aggregating up to ₹45.90 Cr)

Retail Portion

35%

Subscription

196.57 times

IPO Docs

DRHP RHP

Chetana Education Limited IPO Subscription Details

As onQIB / NIIRetailTotal
Shares Offered / Reserved1,025,600 / 769,6001,795,2003,590,400
Day 1 - 24-07-24 06:00 PM4.20 / 1.96 x2.52 x2.88 x
Day 2 - 25-07-24 06:00 PM4.20 / 11.10 x18.91 x13.03 x
Day 3 - 26-07-24 06:00 PM101.22 / 468.70 x134.37 x196.57 x
Total No. of Applications: 1,51,598 (Approx)

Chetana Education Limited Valuations

EPS Pre IPO

₹8.02/-

EPS Post IPO

₹5.9/-

P/E Pre IPO

10.59

P/E Post IPO

14.41

RoNW

47.67%

Chetana Education Limited Company Financials All values are in ₹ Lakh

21-Jan-2431-Mar-2331-Mar-22
Assets6,682.648,315.087,605.82
Revenue5,328.347,560.774,312.21
Profit After Tax178.92685.47168.06

About The Company

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.

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Chetana Education Limited - Promoter(s)

Pre Issue Share Holding: %

Post Issue Share Holding: %


Company Promoter(s)

  1. Anil Jayantilal Rambhia
  2. Rakesh Jayantilal Rambhia
  3. Shilpa Anil Rambhia

Chetana Education Limited IPO - Issue Objectives

  1. Repayment of certain borrowing availed by the Company, in part or full
  2. To meet Working Capital requirements
  3. General Corporate Purpose.

Other Details

Company Contact Details

Chetana Education Limited

401, E-Wing, B & C Block, Trade Link, Kamala Mill, Delisle Road, Mumbai, Mumbai City - 400013

Phone: +91-22-6245 6000

Email: cs@chetanaeducation.com

Website: http://www.chetanaeducation.com/

Registrar Contact Details

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Email: Chetana.smeipo@linkintime.co.in

Website: https://linkintime.co.in/initial_offer/public-issues.html

Chetana Education Limited IPO - FAQs

Ans. Chetana Education Limited IPO is a SME IPO. The issue is priced at ₹80-85 per equity share. The minimum order quantity is 1600 Shares. The IPO opens on Jul 24, 2024, and closes on Jul 26, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Chetana Education Limited IPO opens on Jul 24, 2024 and closes on Jul 26, 2024.

Ans. The size of Chetana Education Limited IPO is 5,400,000 shares(aggregating up to ₹45.90 Cr).

Ans. The IPO price band is set between ₹80-85 per equity share.

Ans. To apply for Chetana Education Limited IPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find Chetana Education Limited IPO in the List of IPOs
  • - Press "Apply" Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of Chetana Education Limited IPO is Jul 29, 2024.

Ans. The Chetana Education Limited IPO will be listed on Jul 31, 2024.

Ans. Follow the steps to check the allotment status for Chetana Education Limited IPO here.