Chetana Education Limited
Bookbuilding IPO · NSE
- Price band
- ₹80 - ₹85
- Lot size
- 1,600 shares
- Issue amount
- ₹45.9 cr
- Total subscription
- 196.57×
- Opens
- 24 Jul 2024
- Closes
- 26 Jul 2024
- Allotment
- 29 Jul 2024
- Listing
- 31 Jul 2024
Offer at a glance
Issue overview
- Issue size
- 54,00,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,28,000
- Fresh issue
- ₹45.9 cr
- Offer for sale
- ₹0 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,36,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,50,00,000
- Shares after issue
- 2,04,00,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,600 | ₹1,36,000 |
| HNI | 2 | 3,200 | ₹2,72,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 8.72 | 882.35 |
| RETAIL | 15.26 | 2,050.44 |
| NIB | 6.54 | 3,066.08 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 8.02 | 4.57 | 1.12 |
| ROE | 50.08 | 32.42 | 8.32 |
| ROCE | 26.87 | 20.55 | 9.94 |
| RONW | 47.67 | 30.04 | 8.63 |
| PRE IPO(PE) | 10.59 | 0 | 0 |
| POST IPO(PE) | 14.41 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Chetana Education Limited, founded in 2017, publishes textbooks for CBSE and Maharashtra State Board students from pre-primary to senior secondary levels. They offer 700+ book titles across 15 brands like Master Key, Self-Study, Firefly, and QR Series, with over 6 million books sold. Their books come with digital learning videos accessible via QR codes, created in partnership with Allern Enterprises Private Limited, featuring 30,000+ educational videos. The company works with 400+ contract authors to deliver high-quality content and has a strong network of 500+ distributors and dealers across India, supported by a 470-member team as of December 2023.
Strengths
- Digital Learning Platform: Chetana Education uses modern technology with 30,000+ educational videos accessible through QR codes , making learning easier and more interactive for students.
- Wide Range of Educational Content: The company offers 700+ books across 15 brands , covering education from pre-primary to senior secondary levels.
- Strong Market Presence: With 6 million books sold and a partnership with Allern Enterprises , Chetana Education has a strong position in the K-12 education market , backed by a wide distribution network and dedicated sales team.
Risk factors
- Seasonal Revenue and Profit: The company's income and profit may go up and down based on the academic calendar, making it harder to compare results from one period to another.
- Exam and Syllabus Changes: Changes in exam patterns, syllabus updates, and customer preferences can affect the company's ability to meet market needs.
- Reliance on Authors: The business depends a lot on its authors, and losing key authors could negatively impact its operations, finances, and overall performance.
Promoters
Anil Jayantilal Rambhia
Rakesh Jayantilal Rambhia
Shilpa Anil Rambhia
Registrar & documents
Lead manager
Hem Securities Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
401, E-Wing, B & C Block, Trade Link, Kamala Mill, Delisle Road, Mumbai, Mumbai City - 400013
+91-22-6245 6000
[email protected]Company website ↗Understanding CHETANA IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.