Chetana Education Limited specializes in publishing textbooks for CBSE/State Board curriculum for the K-12 segment and educational software for educational videos for teachers and students accessible through QR (Quick Response) codes.
Chetana Education currently caters to the Maharashtra State Board and the Central Board of Secondary Education (CBSE) and covers the entire spectrum of textbooks from early pre-primary education to K-12 courses. The company has sold over 6 million books for students at various grade levels, from pre-primary to primary, secondary, and senior secondary. The company works with over 400 contract authors who contribute to the creation of content for the company.
The company has a portfolio of 700 titles (as of 2023) with 15 different brands including Master Key, Self-Study, Firefly, Bright Buddies, My Skill Book, Grade Me, QR Series, etc. The company has also developed a range of digital content to enhance students’ understanding of specific subjects and harness the content for a better learning experience. The company has entered into a strategic partnership with Allern Enterprises Private Limited, an ed-tech company, and has produced over 30,000 videos that can be accessed through QR codes.
As of January 2024, the company has a distribution and sales network consisting of more than 500 distributors and dealers and a dedicated sales team working in branches and marketing offices across India.
As of March 31, 2024, the company employed 408 people.
Chetana Education IPO – Details
| IPO Opening Date | 24 July 2024 |
| IPO Closing Date | 26 July 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 54,00,000 Shares Worth ₹45.90 Crore Fresh Issue: 54,00,000 Shares Worth ₹45.90 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹80 – ₹85 |
| Market Lot | 1600 Shares |
| Min Order | 1600 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 50% |
| Retail Shares Offered | 35% |
| NII (HNI) Shares Offered | 15% |
Chetana Education IPO – Date Schedule
| IPO Open Date | 24 July 2024 |
| IPO Close Date | 26 July 2024 |
| Basis of Allotment | 29 July 2024 |
| Initiation of Refund | 30 July 2024 |
| Credit of Shares to Demat Account | 30 July 2024 |
| IPO Listing Date | 31 July 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 26, 2024 |
Chetana Education IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹1,36,000 |
| Retail (Max) | 1 | 1600 | ₹1,36,000 |
| HNI (Min) | 2 | 3200 | ₹2,72,000 |
Competitive Strengths
- Focused digital and technology platform.
- Consumer focused education content player.
- Healthy position in the K-12 market.
- Established network for content development and printing.
- Widespread sales and distribution network.
- Experienced management and leadership team.
Company Promoters
- Anil Jayantilal Rambhia
- Rakesh Jayantilal Rambhia
- Shilpa Anil Rambhia
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 43.12 | 40.25 | 1.68 | 38.76 |
| 31 March 2023 | 75.60 | 64.75 | 6.85 | 42.99 |
| 31 March 2024 | 93.67 | 76.67 | 12.03 | 51.28 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 50.08% |
| ROCE | 26.87% |
| RoNW | 47.67% |
| P/BV | 5.05 |
| PAT Margin (%) | 12.87 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 8.02 | 5.9 |
| P/E (x) | 10.59 | 14.41 |
Object Of The Issue
- Repayment of certain borrowing availed by the Company, in part or full;
- To meet Working Capital requirements; and
- General Corporate Purpose.
Chetana Education IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.53% |
Chetana Education IPO Prospectus
Company Contact Information
| 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/ |
Chetana Education IPO Registrar
| 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 |
Chetana Education IPO Lead Manager(s)
| 1. Hem Securities Limited |
Chetana Education IPO FAQs
| What is Chetana Education IPO? Chetana Education IPO is a SME IPO. The issue is priced at ₹80 and ₹85 per equity share. The IPO is to be listed on NSE SME. |
| When Chetana Education IPO will open? The IPO is to open on 24 July 2024 for QIB, NII, and Retail Investors. |
| What is Chetana Education IPO Investors Portion? The investors’ portion for QIB- 50%, Retail – 35%, NII – 15%. |
| How to Apply the Chetana Education IPO? You can apply Chetana Education IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Chetana Education IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Chetana Education IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Chetana Education IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Chetana Education IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Chetana Education IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Chetana Education IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Chetana Education IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Chetana Education IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Chetana Education IPO Size? Chetana Education IPO size is ₹45.90 Crore. |
| What is Chetana Education IPO Price Band? Chetana Education IPO Price Band is ₹80 – ₹85. |
| What is Chetana Education IPO Minimum and Maximum Lot Size for retail? The minimum bid is 1600 Shares with ₹1,36,000 amount while the maximum bid is 1600 Shares with ₹1,36,000. |
| What is the Chetana Education IPO Allotment Date? Chetana Education IPO allotment date is 29 July 2024. |
| What is the Chetana Education IPO Listing Date? Chetana Education IPO listing date is 31 July 2024. The IPO is to be listed on NSE SME. |
