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Chetana Education IPO

  • Status: Closed
  • RHP:
  • ₹ 128,000 / 1600 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    31 Jul 2024

  • Listing Price

    ₹ 98.90

  • Listing Change

    16.35%

  • Last Traded Price

    ₹ 83.00

IPO Details

  • Open Date

    24 Jul 2024

  • Close Date

    26 Jul 2024

  • IPO Price Range

    ₹ 80 to ₹ 85

  • IPO Size

    ₹ 45.90 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    31 Jul 2024

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IPO Timeline

Chetana Education IPO Subscription Status

Last Updated: 26th July 2024, 5:45 PM by 5paisa

Chetana Education IPO is set to open on 24 July 2024 and will close on 26 July 2024. The company publishes textbooks for the CBSE and State Board curriculum for the K-12 sector, as well as educational software with videos for instructors and students.

The IPO includes a fresh issue of 54,00,000 shares aggregating up to ₹45.90 Cr. The price range is ₹80 to ₹85 per share and the lot size is 1600 shares. 

The allotment is scheduled to be finalized on 29 July 2024. It will go public on NSE SME, with a tentative listing date of 31 July 2024.

Hem Securities Limited is the book-running lead manager, while Link Intime India Private Ltd is the registrar. 

Objectives Of Chetana Education IPO

Repayment of certain borrowing, in part or full
To meet Working Capital requirements
General Corporate Purpose.
 

Chetana Education IPO Size

Types Size (₹Cr)
Total IPO size 45.90
Offer for sale -
Fresh issue 45.90

Chetana Education IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1600 ₹136000
Retail (Max) 1 1600 ₹136000
S-HNI (Min) 2 3200 ₹272000

Chetana Education IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
QIB 101.22 10,25,600 10,38,06,400 882.35
NII (HNI) 468.35 7,69,600 36,04,41,600 3,063.75
Retail 134.37 17,95,200 24,12,28,800 2,050.44
Total 196.49 35,90,400 70,54,76,800 5,996.55

Chetana Education IPO Anchor Allocation

Anchor Bid Date 23 July, 2024
Total no. of shares offered 1,536,000
Portion Size for Anchor Investors 13.06 Cr.
Lock in Period for 50% shares (30 days) 28 August, 2024
Lock in Period for rest of shares (90 days) 27 October, 2024

Chetana Education Limited, founded in 2017, publishes textbooks for the CBSE and State Board curriculum for the K-12 sector, as well as educational software with videos for instructors and students that can be accessed via QR codes. 

The firm supports both the Maharashtra State Board and the CBSE, providing a wide choice of textbooks from early pre-primary to K-12 levels. Chetana Education has sold over 6 million books throughout all educational levels, from pre-primary to senior secondary. They work with around 400 contracted authors that contribute to content generation.

As of 2023, Chetana Education's portfolio included 700 titles over 15 distinct brands, including Master Key, Self-Study, Firefly, Bright Buddies, My Skill Book, Grade Me, and QR Series. 

Furthermore, the organization has created a range of digital content focused at improving students' grasp of various courses, utilizing these resources for a more effective learning experience. They have strategically teamed with Allern Enterprises Private Limited, an edtech startup, to create over 30,000 instructive movies that can be accessed using QR codes.

By January 2024, Chetana Education will have established a strong distribution and sales network of over 500 distributors and dealers, backed up by a dedicated sales staff working from branches and marketing offices across India.

Peers

S Chand and Company Limited
Navneet Education Limited
 

For more information

Webstory on Chetana Education IPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue from operations 75.61 43.12 32.71
EBITDA 10.85 2.87 4.94
PAT 6.85 1.68 2.80
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 83.15 76.06 68.25
Share Capital 22.82 19.47 20.91
Total Borrowings 1.03 0.89 0.54
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities 1.66 5.50 10.29
Net cash from / (used in) investing activities -1.79 -0.06 -0.09
Net cash flow from / (used in) financing activities -1.91 -2.08 -10.26
Net increase (decrease) in cash and cash equivalents 2.05 3.37 -0.06


Strengths

1. Founded in 2017, Chetana Education Limited has quickly established itself in the educational publishing sector.
2. The company offers a comprehensive range of textbooks.
3. Chetana Education has a significant customer base.
4. The company has embraced digital transformation by developing educational software.
5. Chetana Education has an extensive reach with over 500 distributors and dealers.
6. The company works with over 400 contract authors.

Risks

1. The educational publishing sector is highly competitive, with numerous established players.
2. The company’s operations are influenced by educational policies.
3. The transition from traditional textbooks to digital platforms involves significant investment.
4. The company relies heavily on contract authors for content creation. 

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FAQs

Chetana Education IPO opens from 24th July to 26th July 2024.

The size of Chetana Education IPO is ₹45.90 Cr.

The price of Chetana Education IPO is fixed at ₹80 to ₹85 per share.

To apply for Chetana Education IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Chetana Education IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of Chetana Education IPO is 1600 shares and the investment required is ₹1,36,000.

The share allotment date of Chetana Education IPO is 29th July 2024

The Chetana Education IPO will be listed on 31st July 2024.

Hem Securities Limited is the book-running lead manager for Chetana Education IPO.

Chetana Education plans to utilize the raised capital from the IPO for:

Repayment of certain borrowing, in part or full
To meet Working Capital requirements
General Corporate Purpose.