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2017-03-20 12:00 AM2017-03-22 12:00 AMAsia/KolkataCL Educate Ltd IPOCL 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
Following are the benefits in buying and selling an IPOs through a discount broker.
Reduced Brokerage Fee: Discount brokers charge a flat brokerage which is missing in case of full service brokers. Full service brokers usually charge %age brokerage and this incurs a lot of cost to an investors. So if any full service broker charge a brokerage of let say 0.03% then on a purchase of shares of worth of Rs 200,000 you end up paying Rs 600+ Taxes. In our case we charge a flat brokerage of Rs 20 + Taxes. Discount brokers therefore saves a lot of money of investors.
Better Trading Platform: Usually discounts brokers don’t provide a good trading platform and experience but there are few discounts brokers like Samco, who are now focussing on delivering a world class trading platform and top notch user experience. Therefore narrowing down the gap between discount brokers and full service brokers.
Technically Speaking, SEBI has made mandatory to buy an IPO through ASBA channel but there is no regulation on how any investor can sell an IPO allotted shares. Therefore, smart investors can always sell IPO allotted shares through a discount broker
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