CL Educate Ltd IPO

CL Educate Ltd

Issue Open

Mar 20, 2017

Price Band

₹ 500 - ₹ 502

Issue Size

₹ 238.95 Cr

Credit of Shares to Demat

-

Issue Close

Mar 22, 2017

Bid Lot

29

Listing Exchange

BSE, NSE

Cut off time for UPI Mandate Confirmation

-

Issue Type

Book Built Issue IPO

Minimum Order Quantity

29

Allotment Details

-

Face Value

Rs 10 Per Equity Share

Listing On

Mar 31, 2017

Refunds

-

About the company:

CL Educate Limited focusses on diverse segments of education and serves to learners from multiple age groups. The company operates in two segments-education and training programme and vocational training. It has 200 test-prep centers spread across 100 cities in India.

Date of establishment: CL Educate was established in 1996.  

Product & Service Offering: CL Educate provides coaching for higher education entrance exams under Career Launcher brand. The company provides publishing and content development services under the GK Publications brand. It performs event management and customer engagement activities under the Kestone brand. It operates K-12 schools under Indus World School brand. CL Media and Accendere are the other brand names operated by the firm.

Promoters of CL Educate Ltd.: The promoters of the firm are Mr. Satya Narayanan R, Mr. R Gautam Puri and Mr. Nikhil Mahajan.

Customer segment: The company offers its services to students, public sector enterprises and educational institutions.

Objects of the Issue:

The objects of the issue are:
-     Working capital requirements
-     Acquisitions and other strategic initiatives
-     Payment of debt
-     General corporate purposes

Company Financials:

 

 

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)

FAQ’s

Can I trade an IPO through a Discount Broker?

What are the benefit of buying & selling IPOs through a discount broker?

How is it possible to trade an IPO through a discount broker when SEBI has made mandatory to buy an IPO through ASBA?

How can I buy and sell IPO through a discount broker?

What documents are required to open an account with Samco?