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Chetana Education IPO is a book build issue of ₹45.90 crores. The issue is entirely a fresh issue of 0.54 crore shares of ₹45.90 crore.
Chetana Education IPO bidding started from Jul 24, 2024 and ended on Jul 26, 2024. The allotment for Chetana Education IPO was finalized on Jul 29, 2024. The shares got listed on NSE SME on Jul 31, 2024.
Chetana Education IPO price band is set at ₹85.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,28,000 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,72,000.
Hem Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Hem Finlease Pvt.Ltd..
Refer to Chetana Education IPO RHP for detailed Information.
| IPO Date | July 24, 2024 to July 26, 2024 |
| Listing Date | July 31, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹80 to ₹85 per share |
| Issue Price Final | ₹85 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 54,00,000 shares (aggregating up to ₹45.90 Cr) |
| Reserved for Market Maker | 2,73,600 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹2.33 Cr) |
| Net Offered to Public | 51,26,400 shares (aggregating up to ₹43.57 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,50,00,000 shares |
| Share Holding Post Issue | 2,04,00,000 shares |
Chetana Education IPO offers total 54,00,000 shares. Out of which 25,61,600 (47.44%) allocated to QIB, 10,25,600 (18.99%) allocated to QIB, 7,69,600 (14.25%) allocated to NII, 17,95,200 (33.24%) allocated to RII and 15,36,000 (28.44%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,73,600 (5.07%) |
| QIB Shares Offered | 25,61,600 (47.44%) |
| − Anchor Investor Shares Offered | 15,36,000 (28.44%) |
| − QIB (Ex. Anchor) Shares Offered | 10,25,600 (18.99%) |
| NII (HNI) Shares Offered | 7,69,600 (14.25%) |
| Retail Shares Offered | 17,95,200 (33.24%) |
| Total Shares Offered | 54,00,000 (100.00%) |
Chetana Education IPO raises ₹13.06 crore from anchor investors. Chetana Education IPO Anchor bid date is July 23, 2024. Chetana Education IPO Anchor Investors list
| Bid Date | July 23, 2024 |
| Shares Offered | 15,36,000 |
| Anchor Portion Size (In Cr.) | 13.06 |
| Anchor lock-in period end date for 50% shares (30 Days) | August 28, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 27, 2024 |
Chetana Education IPO opens on July 24, 2024, and closes on July 26, 2024.
| IPO Open Date | Wed, Jul 24, 2024 |
| IPO Close Date | Fri, Jul 26, 2024 |
| Tentative Allotment | Mon, Jul 29, 2024 |
| Initiation of Refunds | Tue, Jul 30, 2024 |
| Credit of Shares to Demat | Tue, Jul 30, 2024 |
| Tentative Listing Date | Wed, Jul 31, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jul 26, 2024 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,36,000 |
| Retail (Max) | 1 | 1,600 | ₹1,36,000 |
| HNI (Min) | 2 | 3,200 | ₹2,72,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 |
| Total Income | 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 ₹173.40 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 50.08% |
| ROCE | 26.87% |
| RoNW | 47.67% |
| PAT Margin | 12.87% |
| Price to Book Value | 5.05 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 8.02 | 5.90 |
| 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...
| Listing Date | July 31, 2024 |
| BSE Script Code | |
| NSE Symbol | CHETANA |
| ISIN | CHETANA |
| Final Issue Price | ₹85 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹85.00 |
| Open | ₹98.90 |
| Low | ₹93.95 |
| High | ₹103.80 |
| Last Trade | ₹103.80 |
Chetana Education Ltd.
401, E-Wing, B & C Block,
Trade Link, Kamala Mill,
Delisle Road,
Mumbai, Maharashtra, 400013
Phone: +91-22-6245 6000
Email: cs@chetanaeducation.com
Website: http://www.chetanaeducation.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: Chetana.smeipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Chetana Education IPO is a SME IPO of 54,00,000 equity shares of the face value of ₹10 aggregating up to ₹45.90 Crores. The issue is priced at ₹85 per share. The minimum order quantity is 1600.
The IPO opens on July 24, 2024, and closes on July 26, 2024.
MUFG Intime India Pvt.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, and the minimum amount required for application is ₹1,36,000.
You can apply in Chetana Education IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The Chetana Education IPO listing date is on Wednesday, July 31, 2024.
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