Chetana Education IPO: Things to Know Before Investing

• Chetana Education IPO is a book-built issue of Rs 45.90 crores.
• This upcoming IPO bidding opens on July 24 and closes on July 26, 2024.
• Chetana Education SME IPO price band is set at Rs 80 - Rs 85 per share.
• The minimum investment required Rs 1,36,000.

Chetana Education IPO: Synopsis

Chetana Education IPO is open for subscription starting Wednesday, July 24, 2024, and closing on Friday, July 26, 2024. The price of this upcoming IPO is set at Rs 80 to Rs 85 per share. 

The minimum lot size set for the retail category is 1600 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 3200 shares. The minimum investment required for retail category investors is Rs 1,36,000 ( 85 x 1600 shares). However, for the HNI category, the minimum investment amount required is Rs 2,72,000 (85 x 3200 shares). 

Chetana Education IPO is a book-built issue of Rs 45.90 crores. This upcoming IPO is an entirely fresh issue of 54 lakh equity shares. The allotment for this new IPO is expected to be finalised on Monday, July 29, 2024. 

Chetana Education IPO will be listed on NSE SME on Wednesday, July 31, 2024. Hem Securities Limited is the book-running lead manager, Link Intime India Private Limited is the registrar, and Hem Finlease is the market maker for this IPO. 

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Chetana Education IPO: About the Company

Chetana Education Limited was established in 2017. It is engaged in publishing textbooks for CBSE/State Board curriculum for the KG to 12 class segment and educational software for educational videos for teachers and students accessible through QR codes.

Chetana caters to the Maharashtra State Board and the CBSE and covers the entire spectrum of textbooks from early pre-primary education to 12 class 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. Chetana has a portfolio of 700 titles with 15 different brands, including Master Key, Self-Study, Firefly, Bright Buddies, My Skill Book, Grade Me, QR Series, etc. 

They 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's distribution and sales network consists of more than 500 distributors and dealers and a dedicated sales team working in branches and marketing offices across India.

Chetana Education IPO: Objectives 

The amount will be used to repay certain company borrowings, meet the day-to-day capital needs for the smooth functioning of the business, and fulfil general corporate purposes.

Chetana Education IPO: Other Important Details

Time-Table of Chetana Education IPO

Chetana Education IPO: Financial Metrics (Amt in Rs Lakhs)

Chetana Education posted revenue of Rs 7,560.77 lakhs and net profit of Rs 685.47 lakhs for the period ending on March 31 2023. Earlier, in the period ending on 31 Mar 2022, the company posted a revenue of Rs 4,312.21 lakhs and net profit of Rs 168.06 lakhs.

Minimum Investment: Lot Size Details 

Promoters of Chetana Education Limited and Their Holdings

The promoters of Chetana Education company are Anil Jayantilal Rambhia, Rakesh Jayantilal Rambhia & Shilpa Anil Rambhia. The promoters shareholdings before IPO is 100% but after the IPO the shareholdings details are not available.

Chetana Education: Strength of Company

1. Chetana Education publishes textbooks for CBSE/State Board curriculum for KG to 12 class segment.

2. The company caters to the Maharashtra State Board and CBSE Board. 

3. Chetana Education has also developed a range of digital content to enhance students' understanding of specific subjects.

FAQs

1. What are the details of the Chetana Education IPO?

Chetana Education IPO is a book-built issue of Rs 45.90 crores. This upcoming IPO is an entirely fresh issue of Rs 54 lakh equity shares. The allotment for this new IPO is expected to be finalised on Monday, July 29, 2024. 

2. Who are the lead managers for the Chetana Education IPO?

Hem Securities Limited is appointed as the book-running lead manager for the IPO.

3. What is the role of Link Intime India in this IPO?

Link Intime India Private Limited is the registrar for Chetana Education Limited, handling the IPO's administrative aspects.

4. How can I apply for the Chetana Education IPO?

The public subscription of this new IPO will open on July 24, 2024. Click here to initiate the application process. 

5. How will the net proceeds from the IPO be utilised?

The amount will be used to repay certain company borrowings, meet the day-to-day capital needs for the smooth functioning of the business, and fulfil general corporate purposes.

6. How can I check the allotment status of the IPO?

Investors who applied can check the allotment status of the Chetana Education Limited IPO by visiting here. For further updates follow Bigul. 

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