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CL Educate Ltd IPO

Add to Calendar 2017-03-20 12:00 AM 2017-03-22 12:00 AM Asia/Kolkata CL Educate Ltd IPO CL Educate Ltd India

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)

Issue Detail

  • Issue Open: Mar 20, 2017
  • Issue Close: Mar 22, 2017
  • Issue Type: Book Built Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 500 - Rs 502 Per Equity Share
  • Bid Lot:29 Shares
  • Minimum Order Quantity:29 Shares
  • Listing At: BSE, NSE
  • Issue Size: • Rs 238.95 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved 952,000 714,000 1,666,000 - - 3,332,000
Day 1 - Mar 20, 2017IST 1.0400 0.0000 0.1400 - - 0.3700
Day 2 - Mar 21, 2017IST 1.9700 0.0400 0.4000 - - 0.7700
Day 3 - Mar 22, 2017IST 3.6500 0.2100 1.6300 - - 1.9000

Listing Day Trading Information

- BSE NSE
Issue Price Rs 502.00 Rs 502.00
Open Rs 398.00 Rs 402.00
Low Rs 398.00 Rs 402.00
High Rs 417.90 Rs 422.10
Last Trade Rs 417.90 Rs 422.10
Volume 36,559 138,262

CL Educate Ltd Red Herring Prospectus

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