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Chetana Education IPO is a book built issue of Rs 45.90 crores. The issue is entirely a fresh issue of 54 lakh shares.
Chetana Education IPO opens for subscription on July 24, 2024 and closes on July 26, 2024. The allotment for the Chetana Education IPO is expected to be finalized on Monday, July 29, 2024. Chetana Education IPO will list on NSE SME with tentative listing date fixed as Wednesday, July 31, 2024.
Chetana Education IPO price band is set at ₹80 to ₹85 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹136,000. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹272,000.
Hem Securities Limited is the book running lead manager of the Chetana Education IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Chetana Education IPO is Hem Finlease.
Refer to Chetana Education IPO RHP for detailed information.
| IPO Date | July 24, 2024 to July 26, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹80 to ₹85 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 5,400,000 shares (aggregating up to ₹45.90 Cr) |
| Fresh Issue | 5,400,000 shares (aggregating up to ₹45.90 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 15,000,000 |
| Share holding post issue | 20,400,000 |
| Market Maker portion | 273,600 shares Hem Finlease |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Chetana Education IPO opens on July 24, 2024, and closes on July 26, 2024.
| IPO Open Date | Wednesday, July 24, 2024 |
| IPO Close Date | Friday, July 26, 2024 |
| Basis of Allotment | Monday, July 29, 2024 |
| Initiation of Refunds | Tuesday, July 30, 2024 |
| Credit of Shares to Demat | Tuesday, July 30, 2024 |
| Listing Date | Wednesday, July 31, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 26, 2024 |
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below 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 | ₹136,000 |
| Retail (Max) | 1 | 1600 | ₹136,000 |
| HNI (Min) | 2 | 3,200 | ₹272,000 |
| Lot Size Calculator | |||
Anil Jayantilal Rambhia, Rakesh Jayantilal Rambhia & Shilpa Anil Rambhia are the company's promoters.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 73.53% |
Established in 2017, Chetana Education Limited specializes in publishing textbooks for CBSE/State Board curriculum for the 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 over 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 for a better learning experience. The company has entered into a strategic partnership with Allern Enterprises Private Limited, an ed-tech 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 March 31, 2024, the company employed 408 people.
Chetana Education Limited's revenue increased by 23.89% and profit after tax (PAT) rose by 75.57% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 9,475.09 | 8,315.08 | 7,605.82 | 6,825.10 |
| Revenue | 9,367.06 | 7,560.77 | 4,312.21 | 3,270.96 |
| Profit After Tax | 1,203.47 | 685.47 | 168.06 | 280.30 |
| Net Worth | 2,524.55 | 2,281.92 | 1,947.33 | 2,091.10 |
| Reserves and Surplus | 1,024.55 | |||
| Total Borrowing | 5,128.73 | 4,299.50 | 3,876.03 | 3,487.85 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Chetana Education IPO is Rs 173.4 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 50.08% |
| ROCE | 26.87% |
| RoNW | 47.67% |
| P/BV | 5.05 |
| PAT Margin (%) | 12.87 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.02 | 5.9 |
| P/E (x) | 10.59 | 14.41 |
The company intends to utilize the proceeds of the Issue to meet the following objects:
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. It posted growth in its top and bottom lines for the reported periods. Based on FY24 super earnings, the issue appears aggressively priced. Well-informed investors may park moderate funds for the medium to long term. Read detail review...
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/
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
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Chetana Education IPO is a SME IPO of 5,400,000 equity shares of the face value of ₹10 aggregating up to ₹45.90 Crores. The issue is priced at ₹80 to ₹85 per share. The minimum order quantity is 1600 Shares.
The IPO opens on July 24, 2024, and closes on July 26, 2024.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Chetana Education IPO using UPI as a payment gateway. Zerodha customers can apply in Chetana Education IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Chetana Education IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Chetana Education IPO opens on July 24, 2024 and closes on July 26, 2024.
Chetana Education IPO lot size is 1600 Shares, and the minimum amount required is ₹136,000.
You can apply in Chetana Education IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Chetana Education IPO will be done on Monday, July 29, 2024, and the allotted shares will be credited to your demat account by Tuesday, July 30, 2024. Check the Chetana Education IPO allotment status.
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