Chetana Education IPO Details ( Chetana Education Limited IPO Review )
(24 July 2024 – 26 July 2024)
Established in 2017, Chetana Education Limited publishes textbooks for CBSE and State Board curricula, specifically for K-12 students. They also create educational software and videos accessible through QR codes for both teachers and students.
Products and Services
Chetana Education serves the Maharashtra State Board and CBSE, offering textbooks from early pre-primary education to K-12 courses. They have sold over 6 million books, covering all grade levels from pre-primary to senior secondary. The company collaborates with over 400 contract authors to produce their educational content.
Book Titles and Digital Content
As of 2023, Chetana Education boasts a portfolio of 700 titles under 15 different brands, including Master Key, Self-Study, Firefly, Bright Buddies, My Skill Book, Grade Me, and QR Series. They have also developed digital content to enhance learning, partnering with Allern Enterprises Private Limited to produce over 30,000 educational videos accessible via QR codes.
Distribution and Sales Network
By January 2024, Chetana Education had built a robust distribution and sales network with over 500 distributors and dealers, supported by a dedicated sales team across India.
Employee Information
As of March 31, 2024, Chetana Education employed 408 people.
Chetana Education Limited IPO Competitive Strength
- Focused digital and technology platform
- Consumer focused education content player
- Healthy position in the K-12 market
- Established network for content development and printing
- Widespread sales and distribution network
- Experienced management and leadership team
Chetana Education IPO Financials Performance ( Results )
Chetana Education Limited Financial Information (Restated Standalone)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | Net Worth | Reserves | Borrowing |
| 31-Mar-21 | 6,825.10 | 3,270.96 | 280.30 | 2,091.10 | 3,487.85 | |
| 31-Mar-22 | 7,605.82 | 4,312.21 | 168.06 | 1,947.33 | 3,876.03 | |
| 31-Mar-23 | 8,315.08 | 7,560.77 | 685.47 | 2,281.92 | 4,299.50 | |
| 31-Mar-24 | 9,475.09 | 9,367.06 | 1,203.47 | 2,524.55 | 1,024.55 | 5,128.73 |
Objective of Chetana Education IPO Issue
- Repayment of certain borrowing availed by the Company, in part or full;
- To meet Working Capital requirements; and
- General Corporate Purpose.
Chetana Education IPO Basic Details
| IPO Date | July 24, 2024 to July 26, 2024 |
| Listing Date | Wednesday, July 31, 2024 |
| Face Value | ₹10 per share |
| Price | ₹80 to ₹85 per share |
| Lot Size | 1600 shares |
| Issue Size | 5,400,000 shares (aggregating up to ₹45.90 Cr) |
| Fresh Issue | 5,400,000 shares (aggregating up to ₹45.90 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 15,000,000 |
| Share holding post issue | 20,400,000 |
Chetana Education IPO Reservation
| Anchor Investor Shares Offered | 28.44% of the Net Issue |
| Market Maker Shares Offered | 5.07% of the Net Issue |
| QIB Shares Offered | 18.99% of the Net Issue |
| NII (HNI) Shares Offered | 14.25% of the Net Issue |
| Retail Shares Offered | 33.24% of the Net Issue |
| Total Shares Offered | 100.00% of the Net Issue |
Chetana Education IPO Timetable
Chetana Education IPO will open on July 24, 2024 and close on July 26, 2024. You can join Chetana Education IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 24 July 2024 (Wednesday) |
| Closing Date | 26 July 2024 (Friday) |
| Basis of Allotment | 29 July 2024 (Monday) |
| Initiation of Refunds | 30 July 2024 (Tuesday) |
| Credit of Shares to Demat | 30 July 2024 (Tuesday) |
| Listing Date | 31 July 2024 (Wednesday) |
| Deadline for UPI mandate confirmation | 5 PM on 26 July 2024 |
Chetana Education IPO Lot Size
For retail investors in Chetana Education IPO, 1600 shares will come in 1 lot or the minimum investment will be ₹136,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹136,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1600 | ₹136,000 |
| Retail (Max) | 1 | 1600 | ₹136,000 |
| S-HNI (Min) | 2 | 3200 | ₹272,000 |
Chetana Education IPO Promoter Holding
The company’s promoters include Anil Jayantilal Rambhia, Rakesh Jayantilal Rambhia & Shilpa Anil Rambhia.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.53% |
Chetana Education Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 173.40 |
| Earning Per Share (EPS) | ₹8.02 per Equity Share |
| Net Asset Value (NAV) | ₹16.83 per Equity Share |
| P/E Ratio (P/E) (x) | 10.59 |
| Post P/E Ratio (P/E) (x) | 14.41 |
| Return on Net Worth (RoNW) (%) | 47.67 |
| Return on equity (ROE) (%) | 50.08 |
| Return on Capital Employed (ROCE) (%) | 26.87 |
| Price/Book Value Ratio | 5.05 |
Chetana Education IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹25 | – | – |
| 26 July 2024 | ₹25 | – | – |
| 25 July 2024 | ₹24 | – | – |
Chetana Education IPO Detail Video:
link
Chetana Education IPO Subscription Status (Bidding Detail)
The Chetana Education IPO on July 26, 2024 at 7:30:00 PM was subscribed 196.87 times, with the retail category being subscribed 135.11 times, the NII (Non-Institutional Investor) category being subscribed 468.42 times, QIB (Qualified-Institutional Buyers) category being subscribed 101.22 times.
| Category | Subscription |
| QIB | 101.22x |
| NII | 468.42x |
| Retail | 135.11x |
| Total | 196.87x |
Chetana Education IPO Prospectus
| Chetana Education IPO DRHP | Download |
| Chetana Education IPO RHP | Download |
| Chetana Education IPO Anchor Investors Details PDF | Download |
Chetana Education IPO Rating
| Our Rating | 3.5/5.0 |
Chetana Education Company Contact Information
Chetana Education Limited
Registered Office: 401, E-Wing, B & C Block Trade Link, Kamala Mill, Delisle Road, Delisle Road, Mumbai, Maharashtra, India, 400013.
Tel No: +91-22-6245 6000
E-mail: cs@chetanaeducation.com
Website: www.chetanaeducation.com
Contact Person: Jignesha Jitendra Fofandi, Company Secretary & Compliance Officer
Promoters of our Company: Anil Jayantilal Rambhia, Rakesh Jayantilal Rambhia & Shilpa Anil Rambhia
Chetana Education IPO Registrar
Link Intime India Private Limited
Address: C – 101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West), Mumbai – 400083, Maharashtra, India
Telephone: Facsimile: +91 810 811 4949
Email: Chetana.smeipo@linkintime.co.in
Investor Grievance Email: Chetana.smeipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Person: Ms. Shanti Gopalkrishnan
SEBI Registration Number: INR000004058
CIN: U99999MH1994PTC076534
Chetana Education IPO Lead Manager
Hem Securities Limited
Address: 904, A Wing, Naman Midtown, Senapati Bapat Marg, Elphinstone Road, Lower Parel, Mumbai-400013, Maharashtra, India
Tel. No.: +91- 022- 49060000
Fax No.: +91- 022- 22625991
Email: ib@hemsecurities.com
Investor Grievance Email: redressal@hemsecurities.com
Website: www.hemsecurities.com
Contact Person: Sourabh Garg
SEBI Regn. No. INM000010981
Chetana Education IPO FAQs
What is the lot size of Chetana Education IPO?
The total size of Chetana Education IPO is ₹45.90 crores and this is a complete fresh Issue.
When will Chetana Education IPO start?
Chetana Education IPO will open from 24 July 2024 and IPO will close on 26 July 2024.
What is the open date of Chetana Education IPO?
Chetana Education IPO will open date from 24 July 2024.
What is the last date ( close date ) of Chetana Education IPO?
Chetana Education IPO will close from 26 July 2024.
What is the price band of Chetana Education IPO?
Chetana Education IPO price band is ₹80 to ₹85. ( Upper Price Band: ₹85, Lower Price Band: ₹80 )
What is the minimum amount required to apply for Chetana Education IPO?
The minimum investment for retailers to apply for Chetana Education IPO is ₹136,000 and the maximum investment is ₹136,000.
What is going on gray market premium of Chetana Education IPO?
View gray market premium of Chetana Education IPO by Clicking Here
How much is the GMP of Chetana Education IPO?
Watch Chetana Education IPO GMP Today: Click Here
What is the allotment date of Chetana Education IPO?
The allotment date of Chetana Education IPO is 29 July 2024.
How to check allotment status in Chetana Education IPO?
To check the allotment status of Chetana Education IPO, first of all go to the registrar website by clicking here, select your bad Chetana Education IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Chetana Education IPO?
The listing date of Chetana Education IPO is 31 July 2024.
How much will be the listing gain in Chetana Education IPO?
View listing gain of Chetana Education IPO by Clicking Here
How much time Chetana Education IPO is subscribed?
Total 196.87 times subscribed in Chetana Education IPO out of which 135.11 times subscription was done in retail quota, 468.42 times subscription in NII quota and 101.22 times subscription in QIB quota.
How to apply for Chetana Education IPO from Upstox?
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How to apply for Chetana Education IPO from Zerodha?
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How to apply for Chetana Education IPO from Angle One?
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