Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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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.
| Issue Period | May 27, 2022 - July 29, 2022 |
| Security Name | CL Educate Limited |
| Issue Type | Open Market Through Stock Exchange |
| Issue Size (Amount) | ₹10.00 Crores |
| Buyback Price | ₹170 per share |
| Face Value | ₹5 per share |
| Listing At | BSE, NSE |
| 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 |
| 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.
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CL Educate Limited
Plot No. 9A,
Sector - 27A, Mathura Road,
Faridabad, Haryana, 121003
Phone: +91-011-41281100
Email: compliance@cleducate.com
Website: http://www.cleducate.com/
Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Phone: 04067162222, 04079611000
Email: einward.ris@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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 per equity share.
There is no ratio applicable in case of open market offer through stock exchange mechanism.
There is no concept of record date in case of open market 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.
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