Open Market Through Stock Exchange | ₹10.00 Crores | Listing at BSE, NSE | Fri, May 27, 2022 - Fri, Jul 29, 2022
CL Educate Ltd. Buyback is a tender offer for the repurchase of up to equity shares at a buyback price of ₹170 per share with a face value of ₹5 per share, aggregating to ₹10.00 crores.
The buyback opens on May 27, 2022 and closes on Jul 29, 2022.
V.B.Desai Financial Services Ltd. is the Manager to the Buyback and Kfin Technologies Ltd. is the Registrar and Kunvarji Finstock Pvt. Ltd. is the Registered Broker to the Buyback.
Investors are advised to refer to the CL Educate Ltd. Letter of Offer for detailed information, including eligibility criteria, entitlement ratio, acceptance methodology, and tax implications.
Offer Opening Date
Fri, May 27, 2022
Offer Closing Date
Fri, Jul 29, 2022
Buyback Price
₹170 per share
Record Date
[.]
| Particulars | For the year/period ended (Rs. in Lakhs) | ||
|---|---|---|---|
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
| Total Income | 21,616.38 | 19,190.57 | 32,398.03 |
| Profit After Tax | 1,379.06 | -1,260.28 | -5,480.91 |
| Net Worth | 26,163.49 | 24,710.89 | 25,920.40 |
| Reserves and Surplus | 24,746.92 | 23,294.32 | 24,503.83 |
CL Educate Limited engages in the business of providing educational products and services. The company has four verticals: Consumer Test Preparation, Consumer Publishing, Enterprise Corporate and Enterprise Institutional. CL Educate Limited offers services such as research incubation and support services to educational institutions, competitive test-preparation market (MBA, Law, Banking, Staff Selection Commission (SSC) along with courses for Engineering, Medical, Civil Services, Grade VIII-XII Tuitions, International Education (GRE/GMAT) as well as the rapidly growing non-test preparation courses (CFA, Data Science, etc.)
The company served more than 1 lakh paid customers for the fiscal year that ended March 31, 2021.
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Apr-2022 | 170.30 | 118.10 | 147.40 |
| Mar-2022 | 145.70 | 113.00 | 131.16 |
| Feb-2022 | 137.00 | 98.55 | 112.83 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Apr-2022 | 170.25 | 118.50 | 144.33 |
| Mar-2022 | 146.00 | 110.00 | 129.45 |
| Feb-2022 | 137.95 | 98.00 | 116.31 |
The Buyback is being undertaken, inter-alia, for the following reasons:
1. The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares.
2. The Buyback may help in improving return on equity.
CL Educate Ltd.
Plot No. 9A,
Sector - 27A, Mathura Road,
Faridabad, Haryana, 121003
Faridabad, Haryana, 121003
Lead Manager(s)
Registered Broker
The CL Educate Buyback opens on May 27, 2022, and closes on July 29, 2022.
The CL Educate Buyback is a Open Market Through Stock Exchange.
CL Educate Buyback Schedule
| Buyback Opening Date | May 27, 2022 |
| Buyback Closing Date | July 29, 2022 |
| Last date for acceptance of shares | Upon relevant pay-out by the Stock exchange |
The CL Educate Buyback is being offered at Rs ₹170 per share.
There is no ratio applicable in case of open market offer through stock exchange mechanism.
The CL Educate Buyback has announced a buyback for an aggregate amount of not more than Rs. ₹10.00 Crores with pricing of Rs. ₹170 per share.
The Buyback is being undertaken, inter-alia, for the following reasons:
1. The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares.
2. The Buyback may help in improving return on equity.
Any equity shareholder holding the shares in Demat form can participate in the buyback offer through their stockbroker. The physical shareholder can participate only once the shares get converted into a Dematerialized form.
The shareholder needs to inform their broker on the details of the Equity shares they wish to sell. The broker will place a sell order whenever the company places a buy order for the buyback. The trade would get executed at the offer price or lesser only when the price offered by the shareholder matches with the buy order placed by the company.
The CL Educate Buyback offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one's need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.
