July 31, 2024
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Chetana Education IPO IPO GMP grey market premium, review, Subscription, allotment, listing estimate @
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Chetana Education IPO IPO listing Review
Chetana Education IPO IPO allotment Link
What is the latest grey market premium of Chetana Education IPO IPO?
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Subscription status of Chetana Education IPO IPO
Chetana Education IPO (closed)Price Rs. 85 Lot 1600 shares, Rs.35.90 Crore |
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| QIB | NII X | RII X | Total X | Applications |
| 101.22 | 468.42 | 135.11 | 196.97 | 151598/135.11x |
| Bids of Rs.771.22 Crore received | ||||
| Note: Impressive subscriptions | ||||
What is the business of Chetana Education IPO?
Chetana Education is a leading content-based company specializing in educational book publishing tailored to the CBSE/State Board curriculum for K-12 education. Its offerings extend beyond traditional textbooks to include educational software and learning videos accessible via QR codes, supported by a robust sales and distribution network. Currently focusing on the Maharashtra State Board and CBSE, it provides comprehensive educational resources from pre-primary to K-12 levels.
In FY 2023, it successfully distributed over 6 million books across various educational stages, from pre-primary to higher secondary levels. Its portfolio boasts more than 700 titles under 15 distinct brands such as Master Key, Self-Study, Firefly, and QR Series. In addition to publishing, it is committed to enhancing learning experiences through digital content. It has developed over 30,000 educational videos accessible via QR codes, transforming traditional content into digital formats that support students in self-study and supplementary learning without additional costs.
Chetana Education collaborates strategically with Allern Enterprises Private Limited, an Edtech firm, to innovate and deliver high-quality educational resources that cater to modern learning needs effectively.
Get more information about the company @ http://www.chetanaeducation.com/
Chetana Education IPO IPO Details |
|
| IPO opens on | 24 July 2024 |
| IPO closes on | 26 July 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 5400000 Shares / Rs 45.90 Crore |
| * Fresh Issue | 5400000 Shares / Rs 45.90 Crore |
| * Offer for Sale – | |
| Market Maker Portion | 273600 Shares |
| Net offer to Public | 5126400 Shares/ Rs.43.57 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.80-85 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1600 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
||
| Shares | Rs. (Crore) | |
| QIB (50%) | 2563200 | 21.78 |
| NII (15%) | 768960 | 6.54 |
| RII (35%) | 1794240 | 15.25 |
| Total Shares | 5126400 | 43.57 |
| Retail portion will be oversubscribed by | 1121 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 1600 Shares | Rs.1360000 |
| Min HNI Application | 3200 Shares | Rs.272000 |
Who are the Promoters of Chetana Education IPO IPO?
Anil Jayantilal Rambhia, Rakesh Jayantilal Rambhia & Shilpa Anil Rambhia are the company’s promoters.
What are the Objects of Chetana Education IPO IPO?
The Offer comprises of only fresh issue of shares.
The objectives of the Offer are to:
1. Repayment of certain borrowing availed by the Company, in part or full;
2. To meet Working Capital requirements; and
3. General Corporate Purpose.
Tentative timetable |
|
| IPO opens on | 24 July 2024 |
| IPO Closes on | 26 July 2024 |
| IPO Allotment on | 29 July 2024 |
| Refund Initiation | 30 July 2024 |
| Credit of Shares | 30 July 2024 |
| Listing on | 31 July 2024 |
| Registered Office of the Company Chetana Education Limited 401, E-Wing, B & C Block, Trade Link, Kamala Mill, Delisle Road, Mumbai, Mumbai City – 400013 |
| Who is the Lead Manager of this IPO? Hem Securities Limited |
| Who is the Registrar to IPO? Link Intime India Private Ltd |
Chetana Education IPO IPO Financial & Analytical Ratios |
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| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Crore | Rs. | % | |
| 2021-22 | 43.12 | 1.68 | 1.12 | 8.63 |
| 2022-23 | 75.61 | 6.85 | 4.57 | 30.04 |
| 2023-24 | – | – | ||
| Book Value of the Share on 31.01.2024 | Rs 10 | |||
| BV of the Share at cap price | after the IPO | Rs. | ||
| Offer Price/upper band | Rs. 85 | |||
IPO
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| Price/last EPS of 23-24 | |
| Price/BV Ratio | |
| Upper price/BV after IPO | – |
How Chetana Education IPO IPO compares with the Peers?
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
| Chetana Education | 10 | 75.56 | ? |
| S. Chand & Co. | 5 | 610.32 | 15.32 |
| Navneet Education | 2 | 1696 | 15.96 |
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Chetana Education IPO IPO Review
Chetana Education is a leading content-based company specializing in educational book publishing tailored to the CBSE/State Board curriculum for K-12 education. Its offerings extend beyond traditional textbooks to include educational software and learning videos accessible via QR codes, supported by a robust sales and distribution network. Currently focusing on the Maharashtra State Board and CBSE, it provides comprehensive educational resources from pre-primary to K-12 levels.
Size: Net size of the IPO is Rs. 43.57 crore, which is not small compared to other SME IPOs. The retail portion is Rs. 15.25 Crore and NII portion is Rs. 6.54 Crore. Because of small IPO size, huge oversubscription is possible.
Financial Snapshot: The company has shown strong topline and bottomline. The shares are offered at reasonable valuation. May Apply.
+ from fundamental angle: May Apply.
+ from grey market angle: ?
Quicklinks
Chetana Education IPO IPO GMP today allotment, review?
Chetana Education IPO IPO GMP grey market premium
Chetana Education IPO IPO FAQs
What is Chetana Education IPO IPO?
This is a SME IPO of 5400000 equity shares of the face value of Rs. 10 aggregating up to Rs. 45.90 Crores. The issue is priced at Rs.80-85 per share. The minimum order quantity is 1600 Shares.
When will Chetana Education IPO IPO subscription open?
The IPO opens on July 24, 2024, and closes on July 26, 2024.
What is the lot size of Chetana Education IPO IPO?
The IPO lot size is 1600 Shares, and the minimum amount required is Rs.136000
How to apply for Chetana Education IPO IPO?
You can apply in this 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.
When is Chetana Education IPO IPO allotment?
The finalization of Basis of Allotment for this IPO will be done on 29 July, 2024, and the allotted shares will be credited to your demat account by July 30, 2024.
When is Chetana Education IPO IPO listing date?
This IPO listing date is July 31, 2024.
