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Chetana Education Limited

SME

Issue Price

₹ 80-₹ 85

per equity share

Issue Size

38.64 lakhs

equity share

Face Value

₹ 10

per equity share

Market Lot

1600

equity share

Please note

Listing at NSE

Chetana Education Limited

Important Dates

IPO Open Date

24 Jul 2024

IPO Close Date

26 Jul 2024

Allotment Date

29 Jul 2024

Initiation of Refunds

30 Jul 2024

Credit of Shares to Demat Account

30 Jul 2024

IPO Listing Date

31 Jul 2024

UPI Mandate Expiry Date

26 Jul 2024

IPO Details

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 Rs 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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About Chetana Education Limited

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.

Parent Organisation

-

Founded

2017

Managing Director

Anil Jayantilal Rambhia

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.

How to apply for IPO

  • Login to your Bigul account and select the issue in the current IPO section
  • Enter the number of lots and price at which you wish to apply for
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
  • You will receive a mandate notification to block funds in your UPI app
  • Approve the mandate request on your UPI and funds will be blocked
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