CL Educate Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 2,380,000 (50%) | — | ₹11,948 Cr |
| NII (HNI) | — | 714,000 (15%) | — | ₹3,584 Cr |
| Retail | — | 1,666,000 (35%) | — | ₹8,363 Cr |
| Σ Total | — | 4,760,000 (100%) | — | ₹238,952 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 | 29 | ₹14,558 |
| Retail (Max) | 13 | 377 | ₹189,254 |
| S-HNI (Min) | 14 | 406 | ₹203,812 |
| B-HNI (Min) | 67 | 1,943 | ₹975,386 |
Financial Statements Amount in Crore
| Metric | 30-Sep-16 | 31-Mar-16 | 31-Mar-15 |
|---|---|---|---|
| Revenue | 89 | 174 | 156 |
| Profit After Tax | 7 | 5 | 8 |
| Total Assets | 385 | 379 | 325 |
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
- 1 Funding working capital requirements of the Company and the Subsidiaries, GKP and Kestone – 52.50
- 2 Pre-payment of outstanding amount of a debt facility availed of by the Subsidiary, CLIP – 18.60
- 3 Acquisitions and other strategic initiatives – 20.00
- 4 General corporate purposes – 9.96
Company Overview
Incorporated in 1996, CL Educate Ltd is engaged in providing various educational products and services. They operates through two segments, Education and Training Programme (Including Sale of Study Material) and Vocational Training.
The Company's Education and training program (including sale of study material) segment includes coaching for higher education entrances. The Company's Vocational training segment includes specific projects undertaken (including government projects).
CL Educate offers test preparation courses and services under the Career Launcher brand, publishing and content development services under the brand GK Publications and event management, marketing support, customer engagement, and managed manpower and training services under the Kestone brand name.
They also provides integrated solutions to educational institutions and universities, including business advisory and outreach support services under the CL Media brand, as well as research incubation and support services under the brand Accendere brand. In addition, the company operates K-12 schools under the Indus World School brand name. As on September 30, 2015, they had 146 test-prep centers spread over 86 cities in India, 8 K-12 schools spread across 6 cities & 28 vocational training centers and offices.