Chetana Education IPO is set to launch on July 24, 2024, and close on July 26, 2024. The company aims to raise ₹45.90 crores through this NSE SME IPO. The price band is set at ₹80 to ₹85 per share, with a market lot of 1600 shares. The GMP is now trading at ₹40
Chetana Education IPO Review
Chetana Education is a well-established content-based company specializing in educational book publishing for the CBSE and State Board curriculum. They cater to the K-12 segment and provide educational software with learning videos accessible via QR codes. Their comprehensive sales and distribution network focuses on the Maharashtra State Board and Central Board of Secondary Education (CBSE).
Chetana Education IPO Date & Price Band Details
- IPO Open: July 24, 2024
- IPO Close: July 26, 2024
- IPO Size: Approx ₹45.90 Crores, 5,400,000 Equity Shares
- Face Value: ₹10 Per Equity Share
- IPO Price Band: ₹80 to ₹85 Per Equity Share
- IPO Listing on: NSE SME
- Retail Quota: 35% of the net offer
- QIB Quota: 50% of the net offer
- NII Quota: 15% of the net offer
Chetana Education IPO Market Lot
The minimum market lot for the Chetana Education is 1600 shares, amounting to ₹136,000. Here’s the breakdown:
- Retail Minimum: 1 lot (1600 shares) – ₹136,000
- Retail Maximum: 1 lot (1600 shares) – ₹136,000
- S-HNI Minimum: 2 lots (3200 shares) – ₹272,000
Chetana Education IPO Dates
- IPO Open Date: July 24, 2024
- IPO Close Date: July 26, 2024
- Basis of Allotment: July 29, 2024
- Refunds: July 30, 2024
- Credit to Demat Account: July 30, 2024
- IPO Listing Date: July 31, 2024
Chetana Education Company Financial Report
| Year | Revenue | Expense | PAT |
|---|---|---|---|
| 2021 | ₹32.71 | ₹27.77 | ₹2.80 |
| 2022 | ₹43.12 | ₹40.26 | ₹1.68 |
| 2023 | ₹75.61 | ₹64.76 | ₹6.85 |
| Jan 2024 | ₹53.28 | ₹50.36 | ₹1.79 |
Chetana Education IPO Valuation – FY2023
- Earning Per Share (EPS): ₹4.57 per Equity Share
- Return on Net Worth (RoNW): 30.04%
- Net Asset Value (NAV): ₹15.21 per Equity Share
Peer Group
- S Chand and Company Limited
- Navneet Education Limited
Company Promoters
- Anil Jayantilal Rambhia
- Rakesh Jayantilal Rambhia
- Shilpa Anil Rambhia
Chetana Education Registrar
- Link Intime India Private Ltd
- Phone: +91-22-4918 6270
- Email: chetana.smeipo@linkintime.co.in
- Website: Link Intime
Chetana Education IPO Allotment Status
Check the allotment status on the Link Intime website.
Chetana Education IPO Lead Managers
- Hem Securities Limited
Company Address
- 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: Chetana Education
Chetana Education IPO FAQs
- What is Chetana Education?
- It is an NSE SME IPO aiming to raise ₹45.90 crores, priced at ₹80 to ₹85 per equity share.
- When will the IPO open?
- The IPO opens on July 24, 2024.
- What is the investors’ portion?
- QIB: 50%, NII: 15%, Retail: 35%.
- How to apply?
- Apply via ASBA online through your bank account or UPI through your stock broker.
- What is the IPO size?
- ₹45.90 crores.
- What is the IPO price band?
- ₹80 to ₹85 per equity share.
- What is the minimum and maximum lot size?
- Minimum: 1600 shares for ₹136,000.
- What is the allotment date?
- July 29, 2024.
- What is the listing date?
- July 31, 2024.