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.
The promoters of the company are:
1. Satya Narayanan R
2. R Gautam Puri
3. Nikhil Mahajan
|Particulars||For the year/period ended (in Rs. Million)|
|Profit After Tax (PAT)||71.34||49.18||76.59||23.57||67.43||(53.76)|
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 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
|Number of Times Subscribed (BSE + NSE)|
|As on Date & Time||QIB||NII||RII||Total|
|Shares Offered / Reserved||952,000||714,000||1,666,000||3,332,000|
|Day 1 - Mar 20, 2017 17:00 IST||1.0400||0.0000||0.1400||0.3700|
|Day 2 - Mar 21, 2017 17:00 IST||1.9700||0.0400||0.4000||0.7700|
|Day 3 - Mar 22, 2017 17:45 IST||3.6500||0.2100||1.6300||1.9000|
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