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20 Nov 2024
Chetana Education Limited IPO
Chetana Education is a content-based company, specializing in educational book publishing for the CBSE/State Board curriculum catering to the K-12 segment. Additionally, they provide access to educational software for learning videos (for teachers and Students) accessible through QR (Quick Response) codes, backed by a comprehensive sales and distribution network. They currently focus on serving the Maharashtra State Board and Central Board of Secondary Education (CBSE), covering the spectrum of education books from early pre-primary learning to K-12 courses.
Chetana Education IPO is a book-built issue of Rs 45.90 crores. The issue is entirely a fresh issue of 54 lakh shares. Chetana Education IPO opens for subscription on July 24, 2024 and closes on July 26, 2024. Chetana Education's IPO price band is set at ₹80 to ₹85 per share. The minimum lot size for an application is 1600 Shares. Hem Securities Limited is the book-running lead manager of the Chetana Education IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Chetana Education IPO is Hem Finlease.
Chetana Education IPO Overview
| Detail | Description |
|---|---|
| IPO Date | July 24, 2024 to July 26, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹80 to ₹85 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 5,400,000 shares (aggregating up to ₹45.90 Cr) |
| Fresh Issue | 5,400,000 shares (aggregating up to ₹45.90 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 15,000,000 |
| Shareholding post issue | 20,400,000 |
| Market Maker portion | 273,600 shares Hem Finlease |
Chetana Education IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| IPO Open Date | Wednesday, July 24, 2024 |
| IPO Close Date | Friday, July 26, 2024 |
| Basis of Allotment | Monday, July 29, 2024 |
| Initiation of Refunds | Tuesday, July 30, 2024 |
| Credit of Shares to Demat | Tuesday, July 30, 2024 |
| Listing Date | Wednesday, July 31, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 26, 2024 |
Chetana Education IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹136,000 |
| Retail (Max) | 1 | 1600 | ₹136,000 |
| HNI (Min) | 2 | 3,200 | ₹272,000 |
Chetana Education IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| 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 |
Chetana Education IPO Promoter Holding
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 73.53% |
Company & Financials
Established in 2017, 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.
Chetana Education Limited Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | ||||||||||||||||||||||||||||||||||||
| Assets | 9,475.09 | 8,315.08 | 7,605.82 | 6,825.10 | ||||||||||||||||||||||||||||||||||||
| Revenue | 9,367.06 | 7,560.77 | 4,312.21 | 3,270.96 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 1,203.47 | 685.47 | 168.06 | 280.30 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 2,524.55 | 2,281.92 | 1,947.33 | 2,091.10 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 1,024.55 | |||||||||||||||||||||||||||||||||||||||
| Total Borrowing | 5,128.73 | 4,299.50 | 3,876.03 | 3,487.85 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
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 |
Objectives of Chetana Educationg IPO
The company intends to utilize the proceeds of the Issue to meet the following objectives:
- 1. Repayment of certain borrowing availed by the Company, in part or full.
- 2. To meet Working Capital requirements.
- 3. General Corporate Purpose.
Chetana Education IPO Review
The company is operating in a highly competitive and fragmented segment. It posted growth in its top and bottom lines for the reported periods. Based on FY24 super earnings, the issue appears aggressively priced. Well-informed investors may park moderate funds for the medium to long term.
FAQs for Chetana Education IPO
-
What is Chetana Education IPO?
Chetana Education IPO is an NSE SME IPO. They are going to raise ₹45.90 Crores via IPO. The issue is priced at ₹80 to ₹85 per equity share. The IPO is to be listed on NSE.
-
When will the Chetana Education IPO open?
The IPO is to open on July 24, 2024, for QIB, NII, and Retail Investors.
-
What is Chetana Education IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is Chetana Education IPO Size?
Chetana Education's IPO size is ₹45.90 crores.
-
What is Chetana Education IPO Price Band?
Chetana Education IPO Price Band is ₹80 to ₹85 per equity share.
-
What is Chetana Education IPO Minimum and Maximum Lot Size?
The IPO bid is 1600 shares with ₹136,000.
-
What is the Chetana Education IPO Allotment Date?
Chetana Education's IPO allotment date is July 29, 2024.
-
What is the Chetana Education IPO Listing Date?
Chetana Education IPO listing date is July 31, 2024. The IPO to list on NSE SME.
RHP:
RHP of Chetana Education Limited IPO
DRHP:
DRHP of Chetana Education Limited IPO
-
What is Chetana Education IPO?
Chetana Education IPO is an NSE SME IPO. They are going to raise ₹45.90 Crores via IPO. The issue is priced at ₹80 to ₹85 per equity share. The IPO is to be listed on NSE.
-
When will the Chetana Education IPO open?
The IPO is to open on July 24, 2024, for QIB, NII, and Retail Investors.
-
What is Chetana Education IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is Chetana Education IPO Size?
Chetana Education's IPO size is ₹45.90 crores.
-
What is Chetana Education IPO Price Band?
Chetana Education IPO Price Band is ₹80 to ₹85 per equity share.
-
What is Chetana Education IPO Minimum and Maximum Lot Size?
The IPO bid is 1600 shares with ₹136,000.
-
What is the Chetana Education IPO Allotment Date?
Chetana Education's IPO allotment date is July 29, 2024.
-
What is the Chetana Education IPO Listing Date?
Chetana Education IPO listing date is July 31, 2024. The IPO to list on NSE SME.
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