Chetana Education Limited IPO
NSE SMEListed On: Jul 31, 2024 at ₹ 98.9
₹ 272000 /3200 Shares
*Min Investment
24 Jul, 2024
Open Date26 Jul, 2024
Close Date29 Jul, 2024
Allotment Date31 Jul, 2024
Listing DateChetana Education Limited IPO Issue Details
- Issue Price ₹80-85 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 54,00,000 shares(aggregating up to ₹45.9 crore)
- Fresh Share 54,00,000 shares(aggregating up to ₹45.9 crore)
- Listing at NSE SME
- List Price 98.9
- Listing Date 2024-07-31
- Lead Manager Hem Securities Limited
- Registrar Link Intime India Private Ltd
Market Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1600 | ₹1,36,000 |
| Retail(max) | 1 | 1600 | ₹1,36,000 |
| NII (min) | 2 | 3,200 | ₹2,72,000 |
Chetana Education Limited IPO Reservation
Chetana Education Limited IPO offers total 5,400,000 shares. Out of which 1,025,600 (18.99%) allocated to QIB, 769,600 (14.25%) allocated to NII,1,795,200 (33.24%) allocated to RII, NA (NA%) allocated to employees and 1,536,000 (28.44%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1,536,000 (28.44%) | |
| Market Maker Shares Offered | 273,600 (5.07%) | |
| QIB Shares Offered | 1,025,600 (18.99%) | |
| NII (HNI) Shares Offered | 769,600 (14.25%) | |
| Retail Shares Offered | 1,795,200 (33.24%) | |
| Total Shares Offered | 5,400,000 (100%) |
Chetana Education Limited IPO Details
Chetana Education Limited IPO is an SME IPO, priced at ₹80-85 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 54,00,000 equity shares, aggregating up to ₹45.9 crores..
The IPO bidding window is open from Jul 24, 2024 to Jul 26, 2024. The allotment is expected to be finalized on Jul 29, 2024, and the tentative listing date is Jul 31, 2024.
The minimum lot size for Retail investors is 1600 shares, with a minimum investment of ₹1,36,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,72,000.
Hem Securities Limited is acting as the lead manager to the issue. The registrar of the IPO is Link Intime India Private Ltd, and Hem Finlease Private Limited will act as the market maker for this issue.
Chetana Education Limited IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 1,025,600 / 769,600 | 1,795,200 | 3,590,400 |
Day 1 24-07-24 06:00 PM | 4.20 / 1.96 x | 2.52 x | 2.88 x |
Day 2 25-07-24 06:00 PM | 4.20 / 11.10 x | 18.91 x | 13.03 x |
Day 3 26-07-24 06:00 PM | 101.22 / 468.70 x | 134.37 x | 196.57 x |
Chetana Education Limited Valuations
Chetana Education Limited Company Financials
| 21-Jan-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 6,682.64 | 8,315.08 | 7,605.82 |
| Revenue | 5,328.34 | 7,560.77 | 4,312.21 |
| Profit After Tax | 178.92 | 685.47 | 168.06 |
About Chetana Education Limited Company
Chetana Education Limited, which was formed in 2017, offers textbook publishing services specifically for CBSE/State Board curriculum K-12 segments, as well as educational software services for educational videos for teachers and students accessible through QR (Quick Response) codes.
Presently, Chetana Education supports the Maharashtra State Board and Central Board of Secondary Education (CBSE) while covering the range of textbooks under early pre-primary education to the K-12 courses. To date, it has sold 6 million student books at grade levels ranging from pre-primary up to primary, secondary, and senior secondary classes. The firm engages more than 400 contract writers who help them develop content.
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 for a better learning experience. The company has been into a strategic tie-up with Allern Enterprises Private Limited as an ed-tech company and released more than 30,000 videos available over QR codes till date.
Since January 2024, it has a broad distribution and sale network through 500+ distributors and dealers coupled with a devoted sales team selling at the respective branches and marketing offices spread throughout India.
By 31st March, 2024, there were 408 people employed at the company.
Chetana Education Limited - Promoter(s)
Anil Jayantilal Rambhia
Rakesh Jayantilal Rambhia
Shilpa Anil Rambhia
Pre Issue Share Holding : 100%
Post Issue Share Holding : 73.53%
Chetana Education Limited IPO - Issue Objectives
Repayment of certain borrowing availed by the Company, in part or full
To meet Working Capital requirements
General Corporate Purpose.
Chetana Education Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Chetana Education Limited | 8.02 | 8.02 | N/A | 10.59 | 47.67 | N/A | Standalone |
| S Chand And Company Ltd | 14.53 | 14.53 | N/A | 16.5 | 5.42 | N/A | Standalone |
| Navneet Education Limited | 11.12 | 11.12 | N/A | 14.22 | 19.46 | N/A | Standalone |
Notes:
- For Chetana Education Limited, the Current Market Price is taken as the Issue price of equity shares.
- The P/E Ratio is based on the current market price of the respective scrips.
- The EPS and RoNW of Chetana Education Limited are taken as per the Restated Financial Statement for the Financial Year 2023-24.
- RoNW has been computed as net profit after tax divided by closing net worth.
Contact Details
Chetana Education Limited
401, E-Wing, B & C Block, Trade Link, Kamala Mill, Delisle Road, Mumbai, Mumbai City - 400013
+91-22-6245 6000
Registrar Contact Details
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. You can track the real-time subscription numbers using the links below:
Ans. The size of Chetana Education Limited IPO is 5,400,000 shares(aggregating up to ₹45.90 Cr).
Ans. The Chetana Education Limited IPO price band is set between ₹80-85 per equity share.
Ans. To apply for Chetana Education Limited 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 Chetana Education Limited IPO allotment status online.
