Chetana Education Limited IPO
Chetana Education Limited is an NSE SME IPO listed on the NSE SME platform, priced at ₹80–₹85 per share. The stock debuted at ₹98.9, delivering a listing gain of 16.4%. The IPO had a lot size of ₹1600 shares and a minimum investment of ₹1,36,000.
Chetana Education Limited IPO
- IPO Dates
- Jul 24, 2024 – Jul 26, 2024
- Price band
- ₹80-85 per equity share
- Minimum Investment
- ₹1,36,000
- Issue size
- ₹45.9 Cr
- Lot size
- 1600
- Allotment Date
- Jul 29, 2024
- Listing
- Jul 31, 2024
- Listing At
- NSE SME
IPO timeline
-
Jul 24, 2024
Open Date
Completed
-
Jul 26, 2024
Close Date
Completed
-
Jul 29, 2024
Allotment Date
Completed
-
Jul 31, 2024
Listing Date
Completed
Chetana Education Limited IPO Essentials
Chetana Education Limited IPO Details
Chetana Education Limited IPO is priced at ₹80-85 per share with a total issue size of 45.9 crore. The IPO has a lot size of 1600 shares and is listed on an NSE SME.
- Issue price
- ₹80-85 per equity share
- Lot size
- 1600 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 5,400,000 shares(aggregating up to ₹45.90 Cr)
- Total issue size
- 54,00,000 shares
(aggregating up to ₹45.9 crore) - Fresh issue
- 54,00,000 shares
(aggregating up to ₹45.9 crore) - Listing at
- NSE SME
- List price
- 98.9
- Listing date
- Registrar
- Link Intime India Private Ltd
- Lead manager
-
Hem Securities Limited
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 reservation details show category-wise allocation of shares. Out of the total 5,400,000 shares, approximately 18.99% are reserved for QIB, 14.25% for NII, 33.24% for retail investors, 5.07% for market maker, and 28.44% for 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 Analytics
Chetana Education Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Chetana Education Limited IPO Subscription Status
Chetana Education Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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
Earnings
- EPS Pre IPO
- ₹8.02/-
- EPS Post IPO
- ₹5.9/-
- P/E Pre IPO
- 10.59
- P/E Post IPO
- 14.41
Returns
- ROE
- 50.08%
- ROCE
- 26.87%
- RoNW
- 47.67%
- PAT Margin
- 12.87
Fundamentals
- Price / Book
- 5.05
Chetana Education Limited Financials( In Lakhs)
| 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 |
Chetana Education Limited Company & Offer Insights
About Chetana Education Limited
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 are the company's promoters of Chetana Education Limited.
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 Information
Contact Details
Chetana Education Limited
+91-22-6245 6000
http://www.chetanaeducation.com/
401, E-Wing, B & C Block, Trade Link, Kamala Mill, Delisle Road, Mumbai, Mumbai City - 400013
Registrar Contact Details
Frequently Asked Questions
Click any question to reveal the answer
Chetana Education Limited IPO is a book-built IPO worth ₹45.9 crore. The price band is ₹80–₹85 per share. The IPO opens on Jul 24, 2024 and closes on Jul 26, 2024. It will be listed on NSE SME Platform. Link Intime India Private Ltd is the registrar.
The price band of Chetana Education Limited IPO is ₹80 to ₹85 per share.
The lot size of Chetana Education Limited IPO is 1600 shares.
The minimum investment for Chetana Education Limited IPO is approximately ₹1,36,000 based on the upper price band .
Chetana Education Limited IPO opens on Jul 24, 2024 and closes on Jul 26, 2024.
The allotment date of Chetana Education Limited IPO is Jul 29, 2024.
Chetana Education Limited IPO is expected to be listed on Jul 31, 2024, on NSE SME Platform.
Chetana Education Limited IPO valuation snapshot: P/E 14.41, EPS ₹5.9/-, P/B 5.05, RoNW 47.67%, and market cap N/A.
To apply for Chetana Education Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Chetana Education Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Chetana Education Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Chetana Education Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Chetana Education Limited IPO allotment status on IPO Ji for quick and easy access.