Chetana Education is scheduled to hit the market on July 24, 2024 and close on July 26, 2024. Chetana Education plans to raise around ₹45.90 Cr through an IPO with a sale of up to 5,400,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
Chetana Education Limited, established in 2017, focuses on publishing textbooks for the CBSE and State Board curriculums within the K-12 segment. The company offers educational software that includes videos for teachers and students, which can be accessed via QR codes. Catering to both the Maharashtra State Board and the Central Board of Secondary Education (CBSE), Chetana has successfully sold over 6 million books across various grade levels, from pre-primary through senior secondary. The company collaborates with over 400 contract authors to create high-quality content and boasts a portfolio of 700 titles under 15 distinct brands, such as Master Key, Self-Study, and QR Series.
In addition to its extensive textbook offerings, Chetana Education has developed a range of digital content aimed at enhancing student comprehension of specific subjects. The company has formed a strategic partnership with Allern Enterprises Private Limited, leading to the production of over 30,000 educational videos accessible through QR codes. As of January 2024, Chetana maintains a robust distribution and sales network with more than 500 distributors and dealers, supported by a dedicated sales team operating across India. By March 31, 2024, Chetana employed a total of 408 individuals.
Chetana Education IPO Details
Chetana Education IPO opens on July 24, 2024, and closes on July 26, 2024. The Listing date for Chetana Education IPO is on July 31, 2024. The price band for IPO is ₹80 to ₹85 per share and lot size of 1600 Shares.
| IPO Date | July 24, 2024 to July 26, 2024 |
| Listing Date | July 31, 2024 |
| Price | ₹80 to ₹85 per share |
| Lot Size | 1600 Shares |
| Issue Size | ₹45.90 Cr |
| Face Value | ₹10 per share |
Chetana Education IPO Tentative Timetable
Chetana Education opening date is July 24, 2024 and close date is July 26, 2024. The IPO allotment date is July 29, 2024. The refund initiation of IPO is on July 30, 2024. The credit of shares in demat account is on July 30, 2024. The listing date is on July 31, 2024.
| Event | Date |
|---|---|
| IPO Opening | July 24, 2024 |
| IPO Closing | July 26, 2024 |
| IPO Allotment Date | July 29, 2024 |
| Refund Initiation | July 30, 2024 |
| Shares Credit to Demat | July 30, 2024 |
| Lisiting Date | July 31, 2024 |
Chetana Education IPO Lot Size
Lot Size of this IPO is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹136,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 1600 | ₹136,000 |
| Retail(Maximum) | 1 | 1600 | ₹136,000 |
| HNI (Minimum) | 2 | 3200 | ₹272,000 |
Chetana Education IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.53% |
Chetana Education IPO Review
The company's shareholding stands at 100.00% pre-issue and 73.53% post-issue. Established in 2017, Chetana Education Limited specializes in publishing textbooks for the CBSE/State Board curriculum for the K-12 segment and educational software for educational videos accessible through QR (Quick Response) codes. The company caters to the Maharashtra State Board and the Central Board of Secondary Education (CBSE), covering the entire spectrum of textbooks from early pre-primary education to K-12 courses.
Chetana Education 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. With a portfolio of 700 titles as of 2023, Chetana Education includes 15 different brands such as Master Key, Self-Study, Firefly, Bright Buddies, My Skill Book, Grade Me, and the QR Series. 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. Through a strategic partnership with Allern Enterprises Private Limited, an ed-tech company, Chetana Education has produced over 30,000 videos that can be accessed through QR codes.
As of January 2024, Chetana Education has a distribution and sales network of more than 500 distributors and dealers, along with a dedicated sales team working in branches and marketing offices across India. The company employed 408 people as of March 31, 2024. Financially, Chetana Education's revenue increased by 23.89% and profit after tax (PAT) rose by 75.57% between the financial years ending March 31, 2024, and March 31, 2023. The company intends to utilize the proceeds of the IPO for the repayment of certain borrowings, to meet working capital requirements, and for general corporate purposes.
Chetana Education IPO Subscription Status (Bidding Details)
Table not foundChetana Education IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Chetana Education IPO FAQs
What is Chetana Education IPO?
Chetana Education is issuing 5,400,000 equity shares with a face value of ₹10 each, totaling up to ₹45.90 Cr. The shares are being offered at a price of ₹80 to ₹85 each, with a minimum order quantity of 1600 shares.
Link Intime India Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Chetana Education IPO will open?
Chetana Education will open on July 24, 2024 for QIB, NII, and Retail Investors.
When Chetana Education IPO will end?
Chetana Education will end on July 26, 2024.
What is Chetana Education IPO Size?
Chetana Education IPO size is ₹45.90 Cr.
What is Chetana Education IPO Price Band?
Chetana Education price band is ₹80 to ₹85 per share.
What is the Chetana Education IPO Allotment Date?
Chetana Education allotment date is July 29, 2024.
What is the Chetana Education IPO Listing Date?
Chetana Education listing date is July 31, 2024. The IPO is to be listed on BSE and NSE.
How to Chetana Education IPO through Zerodha?
To apply for the IPO “Chetana Education” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Chetana Education IPO through Upstox?
To apply for the IPO “Chetana Education” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Chetana Education IPO Allotment Status?
For Chetana Education IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Chetana Education IPO GMP?
You can check out here: Chetana Education IPO GMP