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CL Educate Ltd IPO (CL Educate IPO) Detail

March 20, 2017 - March 22, 2017

CL Educate IPO is a book built issue of Rs 238.95 crores. The issue is a combination of fresh issue of 0.22 crore shares and offer for sale of 0.26 crore shares.

CL Educate IPO bidding started from March 20, 2017 and ended on March 22, 2017. The allotment for CL Educate IPO was finalized on Wednesday, March 29, 2017. The shares got listed on BSE, NSE on March 31, 2017.

CL Educate IPO price band is set at ₹500 to ₹502 per share. The minimum lot size for an application is 29 Shares. The minimum amount of investment required by retail investors is ₹14,558.

Kotak Mahindra Capital Company Limited is the book running lead manager of the CL Educate IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to CL Educate IPO RHP for detailed information.

CL Educate IPO Details

IPO Date March 20, 2017 to March 22, 2017
Listing Date March 31, 2017
Face Value ₹10 per share
Price Band ₹500 to ₹502 per share
Lot Size 29 Shares
Total Issue Size4,760,000 shares
(aggregating up to ₹238.95 Cr)
Fresh Issue2,180,119 shares
(aggregating up to ₹[.] Cr)
Offer for Sale2,579,881 shares of ₹10
(aggregating up to ₹[.] Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

CL Educate IPO Reservation

CL Educate IPO offers 3,332,000 shares. 952,000 (28.57%) to QIB, 714,000 (21.43%) to NII, 1,666,000 (50.00%) to RII. 57,448 RIIs will receive minimum 29 shares and (sNII) and (bNII) will receive minimum 406 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered952,000 (28.57%)NA
NII (HNI) Shares Offered714,000 (21.43%)
Retail Shares Offered1,666,000 (50.00%)57,448
Total Shares Offered3,332,000 (100%)

CL Educate IPO Timeline (Tentative Schedule)

CL Educate IPO opens on March 20, 2017, and closes on March 22, 2017.

IPO Open Date Monday, March 20, 2017
IPO Close Date Wednesday, March 22, 2017
Basis of Allotment Wednesday, March 29, 2017
Initiation of Refunds Wednesday, March 29, 2017
Credit of Shares to Demat Thursday, March 30, 2017
Listing Date Friday, March 31, 2017
Cut-off time for UPI mandate confirmation 5 PM on March 22, 2017

CL Educate IPO Lot Size

Investors can bid for a minimum of 29 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 29 ₹14,558
Retail (Max) 13 377 ₹189,254
Lot Size Calculator

About CL Educate Ltd

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 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 (CL Educate IPO Objectives)

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.

CL Educate IPO Review (Apply)

[Dilip Davda]  Education sector is attracting fancy off late and hence, investors may consider investment for medium to long term. Read detail review...

CL Educate IPO Subscription Status (Bidding Detail)

The CL Educate IPO is subscribed 1.90 times on March 22, 2017 5:45:00 PM. The public issue subscribed 1.63 times in the retail category, 3.65 times in the QIB category, and 0.21 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

CL Educate IPO Prospectus

CL Educate IPO Rating

Rating:Rated 3.6 stars
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CL Educate IPO Listing Details

Listing Date March 31, 2017
BSE Script Code 540403
ISIN INE201M01011
Final Issue Price ₹502 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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CL Educate Ltd Contact Details

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

CL Educate IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000

CL Educate IPO - Buy or Not

CL Educate IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 2 0 0
Members 0 0 0

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CL Educate IPO FAQs

CL Educate IPO is a main-board IPO of 4,760,000 equity shares of the face value of ₹10 aggregating up to ₹238.95 Crores. The issue is priced at ₹500 to ₹502 per share. The minimum order quantity is 29 Shares.

The IPO opens on March 20, 2017, and closes on March 22, 2017.

Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The CL Educate IPO opens on March 20, 2017 and closes on March 22, 2017.

CL Educate IPO lot size is 29 Shares, and the minimum amount required is ₹14,558.

You can apply in CL Educate IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for CL Educate IPO will be done on Wednesday, March 29, 2017, and the allotted shares will be credited to your demat account by Thursday, March 30, 2017. Check the CL Educate IPO allotment status.

The CL Educate IPO listing date is on March 31, 2017.
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CL Educate IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



566. Deepak G. Agarwal |   Link |  Bookmark |May 11, 2017 4:06:11 PM
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......
565. Prabhakaran Kuppusamy |   Link |  Bookmark |May 10, 2017 10:45:34 AM (400+ Posts, 300+ 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.
564. hitz |   Link |  Bookmark |April 28, 2017 6:58:37 PM
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
563. Thiagarajan Ramasamy |   Link |  Bookmark |April 18, 2017 2:59:12 PM
Top Contributor Top Contributor (700+ Posts, 200+ Likes)
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%
562. Thiagarajan Ramasamy |   Link |  Bookmark |April 18, 2017 12:31:35 PM
Top Contributor Top Contributor (700+ Posts, 200+ Likes)
Correction. This is against the back 5 to 20%.
561. Thiagarajan Ramasamy |   Link |  Bookmark |April 18, 2017 12:26:18 PM
Top Contributor Top Contributor (700+ Posts, 200+ Likes)
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.
560. Thiagarajan Ramasamy |   Link |  Bookmark |April 12, 2017 9:13:35 AM
Top Contributor Top Contributor (700+ Posts, 200+ Likes)
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.
560.1. IPO INFO.. |   Link |  Bookmark |April 13, 2017 10:50:04 AM

559. IPO INFO.. |   Link |  Bookmark |April 11, 2017 1:31:25 PM
Its going to give decent returns on next tuesday
Sit tight & hold
558. COMMONMAN |   Link |  Bookmark |April 10, 2017 11:18:00 PM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
557. Kamleshkumar C Shah |   Link |  Bookmark |April 10, 2017 4:31:19 PM
when this share will come out from T group, in B group.
557.1. IPO INFO.. |   Link |  Bookmark |April 13, 2017 12:36:45 PM
556. KAMMA SIVA RAMA KRISHNA |   Link |  Bookmark |April 8, 2017 10:11:58 PM
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.
556.1. Ashish Khater |   Link |  Bookmark |April 9, 2017 9:01:42 AM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
Sell would b my only advice to u. Buy something else. Hundreds of good stocks r available.
Jai Jinendra....Jai Shree Ram
556.2. KAMMA SIVA RAMA KRISHNA |   Link |  Bookmark |April 9, 2017 10:40:31 AM
Ashish sir, Thank you very much for your prompt suggestion. Very kind of you.
555. COMMONMAN |   Link |  Bookmark |April 8, 2017 10:45:38 AM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
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..
554. Thiagarajan Ramasamy |   Link |  Bookmark |April 7, 2017 1:31:26 PM
Top Contributor Top Contributor (700+ Posts, 200+ Likes)
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.
553. Deepak G. Agarwal |   Link |  Bookmark |April 7, 2017 1:01:32 PM
Pls sell. You might not get another opportunity.
552. MUKESH SINGH |   Link |  Bookmark |April 7, 2017 10:37:52 AM
Plz hold CL Educate to cover loss,
552.1. IPO INFO.. |   Link |  Bookmark |April 7, 2017 12:00:12 PM
551. Deepak G. Agarwal |   Link |  Bookmark |April 6, 2017 7:47:32 PM
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. ;)
550. MUKESH SINGH |   Link |  Bookmark |April 6, 2017 6:51:22 PM
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.
549. rahulji |   Link |  Bookmark |April 6, 2017 11:59:18 AM
Bhai log, those who are holding, aap log exit ho jao... ab bhi waqt hai... listen to experts...
Please put after hours order today.
548. IPO Student |   Link |  Bookmark |April 6, 2017 10:26:49 AM
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.
547. Deepak G. Agarwal |   Link |  Bookmark |April 6, 2017 10:11:44 AM
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.

547.1. Ashish Khater |   Link |  Bookmark |April 6, 2017 7:17:07 PM
IPO Mentor IPO Mentor (600+ Posts, 400+ 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.
Jai Jinendra....Jai Shree Ram