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CL Educate Ltd IPO (CL Educate IPO) Detail

Mar 20, 2017 - Mar 22, 2017

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Incorporated in 1996, CL Educate Ltd is engaged in providing various educational products and services. They operates through two segments, Education and Training Programme (Including Sale of Study Material) and Vocational Training.

The Company's Education and training program (including sale of study material) segment includes coaching for higher education entrances. The Company's Vocational training segment includes specific projects undertaken (including government projects).

CL Educate offers test preparation courses and services under the Career Launcher brand, publishing and content development services under the brand GK Publications and event management, marketing support, customer engagement, and managed manpower and training services under the Kestone brand name.

They also provides integrated solutions to educational institutions and universities, including business advisory and outreach support services under the CL Media brand, as well as research incubation and support services under the brand Accendere brand. In addition, the company operates K-12 schools under the Indus World School brand name. As on September 30, 2015, they had 146 test-prep centers spread over 86 cities in India, 8 K-12 schools spread across 6 cities & 28 vocational training centers and offices.

Company Promoters:

The promoters of the company are:

1. Satya Narayanan R
2. R Gautam Puri
3. Nikhil Mahajan

Company Financials:

Summary of financial Information
Particulars For the year/period ended (in Rs. Million)
30-Sep-16 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12
Total Assets 3852.74 3789.34 3253.44 1838.88 1782.94 1707.98
Total Revenue 894.46 1738.46 1558.47 1247.42 1355.23 1021.74
Profit After Tax (PAT) 71.34 49.18 76.59 23.57 67.43 (53.76)

Objects of the Issue:

The object of the issue are:

1. Funding Working Capital requirement of the Company:
2. Acquisitions and other strategic initiatives;
3. Pre payment of outstanding amount of a debt; and
4. General corporate purposes.

Issue Detail:

  »»  Issue Open: Mar 20, 2017 - Mar 22, 2017
  »»  Issue Type: Book Built Issue IPO
  »»  Issue Size: 4,760,000 Equity Shares of Rs 10 aggregating up to Rs 238.95 Cr
    ›  Fresh Issue of 2,180,119 Equity Shares of Rs 10 aggregating up to Rs [.] Cr
    ›  Offer for Sale of 2,579,881 Equity Shares of Rs 10 aggregating up to Rs [.] Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs. 500 - Rs. 502 Per Equity Share
  »»  Market Lot: 29 Shares
  »»  Minimum Order Quantity: 29 Shares
  »»  Listing At: BSE, NSE

CL Educate IPO Reviews:

  1. CL Educate Ltd IPO review by Dilip Davda

Issue Subscription Detail / Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & TimeQIBNIIRIITotal
Shares Offered / Reserved952,000714,0001,666,0003,332,000
Day 1 - Mar 20, 2017 17:00 IST1.04000.00000.14000.3700
Day 2 - Mar 21, 2017 17:00 IST1.97000.04000.40000.7700
Day 3 - Mar 22, 2017 17:45 IST3.65000.21001.63001.9000

CL Educate IPO Prospectus

CL Educate IPO Rating

635
3.6
Rating:Rated 3.6 stars

Vote Here ...

CL Educate IPO News Alerts

  1. Wednesday, March 22, 2017 12:00:00 AM
    CL Educate Ltd IPO - Close
  2. Monday, March 20, 2017 12:00:00 AM
    CL Educate Ltd IPO - Open

Company Contact Information

CL Educate Ltd
A-41, Espire Building, Lower Grd Flr,
Mohan Co-operative Industrial Area,
Main Mathura Road, New Delhi - 110 044
Phone: +91-11-45070311
Fax: +91-11-45040166
Email: compliance@cleducate.com
Website: http://www.cleducate.com

CL Educate IPO Registrar

Karvy Computershare Private Limited   »  Report
   Karvy House, 46, Avenue 4, Street No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Fax: +91-40-23311968
Email:
Website: http://karisma.karvy.com

CL Educate IPO Lead Manager(s)

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CL Educate IPO Review / Comments

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294. nidhimishra  Mar 25, 2017 11:27:51 PM IST I Like It. | Report Abuse Reply
Even if cl open at discount it will go up on listing day as sheela foam ,(not with that momentum) because no pressure of selling so retail applicants stay tight and place order for sell not below 600.
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293. Jainvipul  Mar 25, 2017 10:59:53 PM IST I Like It. | Report Abuse Reply
Gmp is depend upon operator.
If operator is not activ than listing in discount

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292. ammubutter  Mar 25, 2017 8:48:14 PM IST I Like It. | Report Abuse Reply
My broker told tat gmp is 60 - 65 rs......if it is so.....it is most welcome only
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291. KingOFiPOs  Mar 25, 2017 6:53:28 PM IST I Like It. | Report Abuse Reply
EXPERTS SHARE YOUR EXPECTATIONS FOR CL EDUCATE LISTING. ALSO SHARE VIEWS WHO HAVE APPLIED..
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290. seenuipo  Mar 25, 2017 6:17:00 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts)
Can anybody guess why CL educate compared TEAMLEASE (staff training) as a peer in addition to ZEELEARN (education) and MTEDUCARE (education) in RHP
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289. nick sharma  Mar 25, 2017 5:57:34 PM IST I Like It. | Report Abuse Reply
what are the chances to get allotment in this IPO. in rii section
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289.1. DURAI GOUNDER  Mar 25, 2017 9:26:13 PM IST I Like It. 1 | Report Abuse
100%. your allotment is sure. NII shares will be allotted to retail investors
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288. Deepak G. Agarwal  Mar 25, 2017 4:27:06 PM IST I Like It. 2 | Report Abuse Reply
If one goes through the thread of this forum the range of GMP for CL Edu ranges between 95-140. I have gone through the prospectus and have seen the IPO market since 1988 when the fly by night operators used to come for Rs 3 cr IPO. Now those are in SME segment with Rs 25 cr. Here on the main board there are bigger crooks.

I feel the GMP threads are posted by the "Interested Parties". Only a few random posts of Rs 100 ish GMP and a few trades done are enough for the IPO to sail through as too much money is sloshing around.

I feel this is one of the weakest IPO''s. I would love to go wrong and feel the price would be below 25% of the offer price within 3 months. Best of luck guys with your hard earned money. There''s no free lunch in life.
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288.1. Atul Kumar  Mar 25, 2017 4:34:47 PM IST I Like It. 1 | Report Abuse
Agree absolutely.This GMP business is artificial. I would not be surprised in MBL goes in negative very shortly
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288.2. seenuipo  Mar 25, 2017 7:29:30 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts)
GMP pertaiins to pee listing. If music broadband goes below issue price after listing doesn''t matter. But in MBL case GMP was about Rs 100 and listed in BSE at 420 about Rs90/-. More or less same.
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288.3. ultrasnow  Mar 25, 2017 9:09:50 PM IST I Like It. 2 | Report Abuse
I had said MBL ideal shorting candidate. Same applies to CL EDU
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287. manishhind  Mar 25, 2017 4:16:03 PM IST I Like It. 2 | Report Abuse Reply
This message has been removed by a moderator.
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287.1. Bls  Mar 25, 2017 6:29:31 PM IST I Like It. | Report Abuse
Dnt blame eagleye. Money is ur and take decission urself.
Next ipo eagleye nahi batayengi to humm kuch
Bhi patanahichalenga.
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286. ABHISHEK AHMEDABAD  Mar 25, 2017 4:04:10 PM IST I Like It. 1 | Report Abuse Reply
currently premium 70-75
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285. king ipo king  Mar 25, 2017 2:03:35 PM IST I Like It. | Report Abuse Reply
Sbi amount blocked.. Confirmed allotment list above 565/580 target 625 on listing day..
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285.1. ABHISHEK AHMEDABAD  Mar 25, 2017 3:01:05 PM IST I Like It. | Report Abuse
GOOD LISTING
PREMIUM SE HI LISTING KAREGA
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284. CA nkn  Mar 25, 2017 10:58:34 AM IST I Like It. 1 | Report Abuse Reply
CL EDUCATE GMP 90-95
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284.1. addy A  Mar 25, 2017 11:24:40 AM IST I Like It. | Report Abuse
May I know which city this GMP?
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283. aakash PAREKH  Mar 25, 2017 10:27:02 AM IST I Like It. | Report Abuse Reply
CL listing price approximately idea??
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282. aakash PAREKH  Mar 25, 2017 10:25:32 AM IST I Like It. | Report Abuse Reply
CL educate listing date??
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281. CA nkn  Mar 24, 2017 7:09:29 PM IST I Like It. 1 | Report Abuse Reply
CL EDUCATE GMP 70-85.
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280. Jainsahab  Mar 24, 2017 5:16:48 PM IST I Like It. | Report Abuse Reply
I hope it turns out of all the predictions made, and make a blast like sheela foam
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280.1. P JOSEPH  Mar 25, 2017 9:05:43 AM IST I Like It. | Report Abuse
Hope for the best.
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279. KingOFiPOs  Mar 24, 2017 4:12:55 PM IST I Like It. | Report Abuse Reply
Listing@31st march allotment @28-29 march
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278. KingOFiPOs  Mar 24, 2017 4:08:54 PM IST I Like It. | Report Abuse Reply
CL EDUCATE date 31 March allotment 29 March
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277. hitz  Mar 24, 2017 4:06:28 PM IST I Like It. | Report Abuse Reply
What is the expected allotment and listing date for cl educate. Is it 29th march ?
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276. DrInvestor  Mar 24, 2017 4:03:58 PM IST I Like It. 2 | Report Abuse Reply
CL EDUCATE GMP 90-95.
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275. Pintoo  Mar 24, 2017 3:05:22 PM IST I Like It. 2 | Report Abuse Reply
it will list arround 540 to 550
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275.1. PURSHOTTAMDASS CHHAJER  Mar 24, 2017 4:41:17 PM IST I Like It. 1 | Report Abuse
IPO PRICE 310 - 325 VALUE, AND LISTING 410 - 425
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275.2. Pintoo  Mar 24, 2017 5:17:46 PM IST I Like It. | Report Abuse
Dear Purshottamdass,
Please see IPO Price is 500 / 502.
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275.3. ammubutter  Mar 24, 2017 6:27:16 PM IST I Like It. | Report Abuse
I think u must not have applied.......tats y cant tolerate premium listing
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275.4. P JOSEPH  Mar 25, 2017 9:09:01 AM IST I Like It. 1 | Report Abuse
It should not fall below issue price like another Delhi-based HPL Electric.
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