Chetana Education IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Jul 24 to Jul 26 2024
Price Band
₹80 - 85
Current GMP
₹98.9(16.35%)
Subscription
196.49 times
IPO Details
| IPO Date | July 24, 2024 to July 26, 2024 |
| Listing Date | Wednesday, July 31, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹80 to ₹85 per share |
| Lot Size | 1600 Shares |
| Total 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 |
| Market Maker portion | 273,600 shares Hem Finlease |
IPO Date
July 24, 2024 to July 26, 2024
Listing Date
Wednesday, July 31, 2024
Face Value
₹10 per share
Price Band
₹80 to ₹85 per share
Lot Size
1600 Shares
Total 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
Market Maker portion
273,600 shares Hem Finlease
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| Qualified Institutions | 101.22 |
| Non-Institutional Buyers*** | 468.35 |
| Retail Investors | 134.37 |
| Total ** | 196.49 |
Anchor Investors
1
Market Maker
1
Qualified Institutions
101.22
Non-Institutional Buyers***
468.35
Retail Investors
134.37
Total **
196.49
Day Wise Sub
| Day | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 Jul 24, 2024 | 4.20 | 1.96 | 2.52 | 2.88 |
| Day 2 Jul 25, 2024 | 4.20 | 11.10 | 18.91 | 13.03 |
| Day 3 Jul 26, 2024 | 101.22 | 468.35 | 134.37 | 196.49 |
DayDay 1
Jul 24, 2024
QIB4.20
NII*1.96
Retail2.52
Total2.88
DayDay 2
Jul 25, 2024
QIB4.20
NII*11.10
Retail18.91
Total13.03
DayDay 3
Jul 26, 2024
QIB101.22
NII*468.35
Retail134.37
Total196.49
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 31-07-2024 | 85.00 | 25(29.41%) | 110 |
| 30-07-2024 | 85.00 | 25(29.41%) | 110 |
| 29-07-2024 | 85.00 | 31(36.47%) | 116 |
| 28-07-2024 | 85.00 | 43(50.59%) | 128 |
| 27-07-2024 | 85.00 | 43(50.59%) | 128 |
| 26-07-2024 | 85.00 | 43(50.59%) | 128 |
| 25-07-2024 | 85.00 | 41(48.24%) | 126 |
| 24-07-2024 | 85.00 | 45(52.94%) | 130 |
| 23-07-2024 | 85.00 | 11(12.94%) | 96 |
| 22-07-2024 | 85.00 | 11(12.94%) | 96 |
| 21-07-2024 | 85.00 | 11(12.94%) | 96 |
| 20-07-2024 | 85.00 | 11(12.94%) | 96 |
| 19-07-2024 | 85.00 | 11(12.94%) | 96 |
| 18-07-2024 | 85.00 | 0(0.0%) | 85 |
Date31-07-2024
Price85.00
GMP25(29.41%)
Estimate List Price110
Date30-07-2024
Price85.00
GMP25(29.41%)
Estimate List Price110
Date29-07-2024
Price85.00
GMP31(36.47%)
Estimate List Price116
Date28-07-2024
Price85.00
GMP43(50.59%)
Estimate List Price128
Date27-07-2024
Price85.00
GMP43(50.59%)
Estimate List Price128
Date26-07-2024
Price85.00
GMP43(50.59%)
Estimate List Price128
Date25-07-2024
Price85.00
GMP41(48.24%)
Estimate List Price126
Date24-07-2024
Price85.00
GMP45(52.94%)
Estimate List Price130
Date23-07-2024
Price85.00
GMP11(12.94%)
Estimate List Price96
Date22-07-2024
Price85.00
GMP11(12.94%)
Estimate List Price96
Date21-07-2024
Price85.00
GMP11(12.94%)
Estimate List Price96
Date20-07-2024
Price85.00
GMP11(12.94%)
Estimate List Price96
Date19-07-2024
Price85.00
GMP11(12.94%)
Estimate List Price96
Date18-07-2024
Price85.00
GMP0(0.0%)
Estimate List Price85
IPO Important Dates
| IPO Open Date | Wednesday, July 24, 2024 |
| IPO Close Date | Friday, July 26, 2024 |
| Basis of Allotment | Monday, July 29, 2024 |
| Initiation of Refunds | Tuesday, July 30, 2024 |
| Credit of Shares to Demat | Tuesday, July 30, 2024 |
| Listing Date | Wednesday, July 31, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 26, 2024 |
IPO Open Date
Wednesday, July 24, 2024
IPO Close Date
Friday, July 26, 2024
Basis of Allotment
Monday, July 29, 2024
Initiation of Refunds
Tuesday, July 30, 2024
Credit of Shares to Demat
Tuesday, July 30, 2024
Listing Date
Wednesday, July 31, 2024
Cut-off time for UPI mandate confirmation
5 PM on July 26, 2024
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹136,000 |
| Retail (Max) | 1 | 1600 | ₹136,000 |
| HNI (Min) | 2 | 3,200 | ₹272,000 |
ApplicationRetail (Min)
Lots1
Shares1600
Amount₹136,000
ApplicationRetail (Max)
Lots1
Shares1600
Amount₹136,000
ApplicationHNI (Min)
Lots2
Shares3,200
Amount₹272,000
Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 9,475.09 | 8,315.08 | 7,605.82 |
| Revenue | 9,367.06 | 7,560.77 | 4,312.21 |
| Profit After Tax | 1,203.47 | 685.47 | 168.06 |
| Net Worth | 2,524.55 | 2,281.92 | 1,947.33 |
| Reserves and Surplus | 1,024.55 | ||
| Total Borrowing | 5,128.73 | 4,299.50 | 3,876.03 |
Period EndedPeriod Ended
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
31 Mar 20249,475.09
31 Mar 20238,315.08
31 Mar 20227,605.82
Period EndedRevenue
31 Mar 20249,367.06
31 Mar 20237,560.77
31 Mar 20224,312.21
Period EndedProfit After Tax
31 Mar 20241,203.47
31 Mar 2023685.47
31 Mar 2022168.06
Period EndedNet Worth
31 Mar 20242,524.55
31 Mar 20232,281.92
31 Mar 20221,947.33
Period EndedReserves and Surplus
31 Mar 20241,024.55
31 Mar 2023
31 Mar 2022
Period EndedTotal Borrowing
31 Mar 20245,128.73
31 Mar 20234,299.50
31 Mar 20223,876.03
Key Performance Indicator
| ROE | 50.08% |
| ROCE | 26.87% |
| RoNW | 47.67% |
| P/BV | 5.05 |
| PAT Margin (%) | 12.87 |
| EPS (Rs) | 8.02 |
ROE
50.08%
ROCE
26.87%
RoNW
47.67%
P/BV
5.05
PAT Margin (%)
12.87
EPS (Rs)
8.02
IPO Reservation
| Anchor Investor Shares Offered | 1,536,000 (28.44%) |
| Market Maker Shares Offered | 273,600 (5.07%) |
| QIB Shares Offered | 1,025,600 (18.99%) |
| NII (HNI) Shares Offered | 769,600 (14.25%) |
| Retail Shares Offered | 1,795,200 (33.24%) |
| Total Shares Offered | 5,400,000 (100%) |
Anchor Investor Shares Offered
1,536,000 (28.44%)
Market Maker Shares Offered
273,600 (5.07%)
QIB Shares Offered
1,025,600 (18.99%)
NII (HNI) Shares Offered
769,600 (14.25%)
Retail Shares Offered
1,795,200 (33.24%)
Total Shares Offered
5,400,000 (100%)
Information about company
Established in 2017, Chetana Education Limited specializes in publishing textbooks for CBSE/State Board curriculum for the K-12 segment and educational software for educational videos for teachers and students accessible through QR (Quick Response) codes.
Chetana Education currently caters to the Maharashtra State Board and the Central Board of Secondary Education (CBSE) and covers the entire spectrum of textbooks from early pre-primary education to K-12 courses. The company has sold over 6 million books for students at various grade levels, from pre-primary to primary, secondary, and senior secondary. The company works with over 400 contract authors who contribute to the creation of content for the company.
The company has a portfolio of 700 titles (as of 2023) with 15 different brands including Master Key, Self-Study, Firefly, Bright Buddies, My Skill Book, Grade Me, QR Series, etc. The company has also developed a range of digital content to enhance students' understanding of specific subjects and harness the content for a better learning experience. The company has entered into a strategic partnership with Allern Enterprises Private Limited, an ed-tech company, and has produced over 30,000 videos that can be accessed through QR codes.
As of January 2024, the company has a distribution and sales network consisting of more than 500 distributors and dealers and a dedicated sales team working in branches and marketing offices across India.
As of March 31, 2024, the company employed 408 people.
Objectives of IPO
The company intends to utilize the proceeds of the Issue to meet the following objects:
Repayment of certain borrowing availed by the Company, in part or full;
To meet Working Capital requirements; and
General Corporate Purpose.
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
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