Chetana Education Limited

Company Profile
Company Name Chetana Education Limited
Open Date 24-07-2024
Close Date 26-07-2024
Exchange NSE SME
Lot Size 1600 Shares
Issue Price ₹80 to ₹85 per share
Issue Size 54,00,000 shares
Application Amount ₹ 1,36,000
Recommendation Avoid
Originally incorporated as an LLP in the name “Chetana Publications (India) LLP” on December 30, 2017. The registered office is located at Lower Parel, Mumbai. The Company is engaged in specializing in educational book publishing for the CBSE/State Board curriculum catering to the K-12 segment. They provide access to educational software for learning videos (for teachers and Students) accessible through QR (Quick Response) codes. The company is currently catering to the needs of Maharashtra State Board and CBSE. The company had 408 employees as of March 31, 2024.
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Financial Summary in Lakhs

KPI’s FY 22 FY 23 FY 24
Revenue 4,309.05 7,555.71 9,350.55
EBITDA 613.68 1,389.29 2,117.61
Net Profit 168.05 685.47 1,203.46
RoCE 22.70% 44.73% 59.44%
ROE 8.63% 30.04% 47.67%
P/E 75.89 18.60 10.60

Tentative Timeline

Opening Date 24-07-2024
Closing Date 26-07-2024
Basis of Allotment 29-07-2024
Initiation of Refunds 30-07-2024
Credit of Shares to Demat 30-07-2024
Listing Date 31-07-2024

Objects of the Issue

Repayment of certain borrowing availed by the company, in part or full.
Working Capital Requirements.
General Corporate Expenses.

Contact Information

Registered Office Chetana Education Limited 401, E-Wing, B & C Block, Trade Link, Kamala Mill, Delisle Road, Mumbai, Mumbai City - 400013
Phone +91-22-6245 6000
Email cs@chetanaeducation.com
Website http://www.chetanaeducation.com/

Registrar Details

Name Link Intime India Private Ltd
Phone +91-22-4918 6270
Email Chetana.smeipo@linkintime.co.in
Website https://linkintime.co.in/initial_offer/public-issues.html

IPO Reservation

QIB Shares Offered Not more than 50.00% of the Net offer
Retail Shares Offered Not less than 35.00% of the Offer
NII (HNI) Shares Offered Not less than 15.00% of the Offer

Shareholding Pattern

Share Holding Pre Issue (Promoters) 100.00%
Share Holding Post Issue (Promoters) 73.53%

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