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
|
|
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.
| 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 Size | 4,760,000 shares (aggregating up to ₹238.95 Cr) |
| Fresh Issue | 2,180,119 shares (aggregating up to ₹[.] Cr) |
| Offer for Sale | 2,579,881 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
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 Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 952,000 (28.57%) | NA |
| NII (HNI) Shares Offered | 714,000 (21.43%) | |
| Retail Shares Offered | 1,666,000 (50.00%) | 57,448 |
| Total Shares Offered | 3,332,000 (100%) |
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 |
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 | |||
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.
| 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) |
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.
[Dilip Davda] Education sector is attracting fancy off late and hence, investors may consider investment for medium to long term. Read detail review...
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)
| Category | Subscription (times) |
|---|---|
| QIB | 3.65 |
| NII | 0.21 |
| Retail | 1.63 |
| Total | 1.90 |
| Listing Date | March 31, 2017 |
| BSE Script Code | 540403 |
| NSE Symbol | CLEDUCATE |
| ISIN | INE201M01011 |
| Final Issue Price | ₹502 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹502.00 |
| ₹398.00 |
| ₹398.00 |
| ₹417.90 |
| ₹417.90 |
| NSE |
|---|
| ₹502.00 |
| ₹402.00 |
| ₹402.00 |
| ₹422.10 |
| ₹422.10 |
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
Email: compliance@cleducate.com
Website: http://www.cleducate.com
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email:
Website: https://kosmic.kfintech.com/ipostatus/
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.
Useful Articles
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|
|
RHP
Top Contributor (600+ Posts, 200+ Likes)
IPO Mentor (500+ Posts, 400+ Likes)
