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CL Educate Ltd IPO (CL Educate IPO) Detail

Mar 20, 2017 - Mar 22, 2017

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

CL Educate IPO Recommendations:

Capital Market Review
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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

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CL Educate IPO Listing Date

  •   ›  Listing Date: Friday, March 31, 2017
  •   ›  BSE Script Code: 540403
  •   ›  NSE Symbol: CLEDUCATE
  •   ›  Listing In: T Group of Securities
  •   ›  ISIN: INE201M01011
  •   ›  Issue Price: Rs 502 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
BSE
Rs 502.00
Rs 398.00
Rs 398.00
Rs 417.90
Rs 417.90
36,559
NSE
Rs 502.00
Rs 402.00
Rs 402.00
Rs 422.10
Rs 422.10
138,262

CL Educate IPO News Alerts

  1. Friday, March 31, 2017 12:00:00 AM
    CL Educate Ltd IPO - Listing
  2. Wednesday, March 22, 2017 12:00:00 AM
    CL Educate Ltd IPO - Close
  3. 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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566. Deepak G. Agarwal  May 11, 2017 4:06:11 PM IST I Like It. | Report Abuse
Now for the bad news: Only IPO with a negative listing and which finally turned positive is ICICI Pru. And we all know....CL Educate doesnt have such mettle......
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565. Prabhakaran Kuppusamy  May 10, 2017 10:45:34 AM IST I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Over-demand for GlobalEducation (SME IPO) has deceived investors into buying this. Even though both follow same direction, they don''t share same boat though.
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564. hitz  Apr 28, 2017 6:58:37 PM IST I Like It. | Report Abuse
hello all,

the share price is steadily increasing and moving towards 470 rupees. it was a risky ipo but then sometimes risk give outcomes a bit late. hopefully it reaches 500 soon
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563. Thiagarajan Ramasamy  Apr 18, 2017 2:59:12 PM IST I Like It. | Report Abuse
CL Educate - Share Holding Pattern as on 31/03/2017
Total Equity - 14.12 cr
Promotors - 47.88%
MF - 7.72%
FII -13.07%
DII / HNI - 16.30%
Retail - 15.03%
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562. Thiagarajan Ramasamy  Apr 18, 2017 12:31:35 PM IST I Like It. | Report Abuse
Correction. This is against the back 5 to 20%.
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561. Thiagarajan Ramasamy  Apr 18, 2017 12:26:18 PM IST I Like It. | Report Abuse
CL EDUCATE - Fact File - In the past 10 days when in T Group a total 1002745 shares have been traded at ATP 397/64. This is against the back 5 to 20%. The combined delivery volume up to 12 noon 1.5 lac shares approx. with low of 418/10 and high of 474/95 and ATP 453. One may be cautiously optimistic about the share price inches closer to the Issue price of 502 in the coming days. However risk averse investors may take their own decision to sell and exit.
avatar
560. Thiagarajan Ramasamy  Apr 12, 2017 9:13:35 AM IST I Like It. 2 | Report Abuse
CL Educate. From 31/03/2017 to 11/04/2017 a total of 889426 shares have been traded. In the next 3 trading days roughly 3 lac more shares may change hands. This will take the total to about 13 lac shares against Retail Allotment of 19 lac shares approx. From 18/04/2017 the share will move from T Group to B Group. It is obvious the shares traded so far have gone from weak hands to strong ones. Risk averse Retail Investors should not apply for Issues such as these T Group shares. As for CL Educate chances of it reaching the issue price of 502 in about a month or two is quite possible of course with intermittent corrective phases. Better luck for those who are still holding the shares.
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560.1. IPO INFO..  Apr 13, 2017 10:50:04 AM IST I Like It. | Report Abuse
HIGH RISK HIGH PROFIT

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559. IPO INFO..  Apr 11, 2017 1:31:25 PM IST I Like It. 2 | Report Abuse
Its going to give decent returns on next tuesday
Sit tight & hold
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558. COMMONMAN  Apr 10, 2017 11:18:00 PM IST I Like It. 2 | Report Abuse
All Those Respected Guru "Ji " CL EDUACTE UPPER CIRCUIT STARTED....I HOPE NOW U WILL STOP ADVISING PEOPLE TO BOOK LOSSES AND DEMOTIVATING.
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557. Kamleshkumar C Shah  Apr 10, 2017 4:31:19 PM IST I Like It. | Report Abuse
when this share will come out from T group, in B group.
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557.1. IPO INFO..  Apr 13, 2017 12:36:45 PM IST I Like It. 1 | Report Abuse
tuesday
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556. KAMMA SIVA RAMA KRISHNA  Apr 8, 2017 10:11:58 PM IST I Like It. | Report Abuse
CLD Sir, Earlier I have purchased 500 shares@397 on 5th. The shares are now available at credit in my Dmat account. The shares were traded at upper circuit on 7 th @386.25.I want your suggestion whether I sell the shares at the beginning hours of 10th irrespective of the rate or I can wait, watch and decide. I am unable to decide whether I have to book loss or to hold the shares for some more time and hence seek your advice. Please don''t hesitate as I take your advice and I don''t bother about the result. Elderly people like you will be always cool and will not take hasty decisions as we do. Thanks in advance.
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556.1. Ashish Khater  Apr 9, 2017 9:01:42 AM IST I Like It. 1 | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Sell would b my only advice to u. Buy something else. Hundreds of good stocks r available.
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556.2. KAMMA SIVA RAMA KRISHNA  Apr 9, 2017 10:40:31 AM IST I Like It. | Report Abuse
Ashish sir, Thank you very much for your prompt suggestion. Very kind of you.
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555. COMMONMAN  Apr 8, 2017 10:45:38 AM IST I Like It. 1 | Report Abuse
After reading comments...Looks like Many people in the forum are constantly Telling people to sell CL educate . ( Its a type of Nagging on mind )
Agreed it is not good company... lower circuit... But till now everyone has understood when to sell and book loss.

So stop acting like guruji and stop nagging them to sell. Let people decide whn to sell or exit . Its their risk appetite..
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554. Thiagarajan Ramasamy  Apr 7, 2017 1:31:26 PM IST I Like It. 1 | Report Abuse
CL Educate - Retail Allotment together with HNI Quota spillover is about 19 lakh shares. In the last 4 days a total of 558013 shares have been traded and wholly marked for delivery at an average price of 400 approx. Though listed at 20% discount around 400 on 31/03/2017 it closed that day on 5% UC but flattered to deceive on the next 2 days closing on LC and closed yesterday with a low of 367/90. It began the day with a new low of 349/55 and reversed the trend and touched UC level of 386/25. It will be in T Group up to 17/04/2017. As this scrip is very unpredictable it is for the Individual Investors to decide whether to cut loss and exit either wholly or partly or to wait for a better price based on his risk profile.
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553. Deepak G. Agarwal  Apr 7, 2017 1:01:32 PM IST I Like It. | Report Abuse
Pls sell. You might not get another opportunity.
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552. MUKESH SINGH  Apr 7, 2017 10:37:52 AM IST I Like It. 1 | Report Abuse
Plz hold CL Educate to cover loss,
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552.1. IPO INFO..  Apr 7, 2017 12:00:12 PM IST I Like It. | Report Abuse
time
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551. Deepak G. Agarwal  Apr 6, 2017 7:47:32 PM IST I Like It. | Report Abuse
The trade for trade settlement means that the stock in the next 7 remaining trading sessions can go down by 35% (5 * 7), to Rs 256 and thereafter people can go long or short on daily basis. ;)
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550. MUKESH SINGH  Apr 6, 2017 6:51:22 PM IST I Like It. | Report Abuse
Further to circular reference no. NSE/CML/34506 dated March 30, 2017 – CL Educate
Limited (CLEDUCATE) shall be transferred from trade for trade segment (series: BE) to rolling
segment (series: EQ) with effect from April 18, 2017 (Tuesday).
Sir tell me what effect on its price when it trade in Eq.
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549. rahulji  Apr 6, 2017 11:59:18 AM IST I Like It. 1 | Report Abuse
Bhai log, those who are holding, aap log exit ho jao... ab bhi waqt hai... listen to experts...
Please put after hours order today.
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548. IPO Student  Apr 6, 2017 10:26:49 AM IST I Like It. | Report Abuse
Deepak ji, Many people like you warn members number of times to AVOID this IPO, but greed made them blind. They were not able to listen/ understand that warning. You fatch very good data regarding combination of Lead manager, private firm, promoters etc. Nice homework done.
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547. Deepak G. Agarwal  Apr 6, 2017 10:11:44 AM IST I Like It. | Report Abuse
As was pointed out many a times on thsi forum that this is a bad company.

Henceforth be aware of the following:

Lead Manager : Kotak Mahindra (then avoid)
Private Equity Firm: Gaja Capital, then avoid
Promoters : Mahajan & Puri then Avoid
Promoters: Dilution BAD

I just am astonished by the lackluster attitude of SEBI. This issue was a fraud from Day one. They allowed it to be listed and even if you go through the prospectus the details are so sketchy. They should have taken out the retail segment because there are gullible people there. Most importantly avoid the issues where the anchor investors like DSP and LIC have put their money.

As they say, if you pay them peanuts you get monkeys and that could easily said about the SEBI officials.

Just disgusting.

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547.1. Ashish Khater  Apr 6, 2017 7:17:07 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Nobody had forced retail investors to put there so called hard earned money into this issue. If they are at loss, they completely deserve it. Earning money had become a easy proposition for them. We should b able to distinguish good n bad. Thts it.
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