Chetana Education Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 2,561,600 (47%) | — | ₹2,177 Cr |
| NII (HNI) | — | 769,600 (14%) | — | ₹654 Cr |
| Retail | — | 1,795,200 (33%) | — | ₹1,526 Cr |
| Market Maker | — | 273,600 (5%) | — | ₹23 Cr |
| Σ Total | — | 5,400,000 (100%) | — | ₹45,900 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹136,000 |
| Retail (Max) | 13 | 20,800 | ₹1,768,000 |
| S-HNI (Min) | 14 | 22,400 | ₹1,904,000 |
| B-HNI (Min) | 67 | 107,200 | ₹9,112,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 9,367 | 7,561 | 4,312 |
| Profit After Tax | 1,203 | 685 | 168 |
| Net Worth | 2,525 | 2,282 | 1,947 |
| Total Assets | 9,475 | 8,315 | 7,606 |
| Reserves & Surplus | 1,025 | — | — |
| Total Borrowing | 5,129 | 4,300 | 3,876 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Repayment of certain borrowing availed by the Company, in part or full; –
- To meet Working Capital requirements; and –
- General Corporate Purpose. –
Company Overview
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.
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.