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Open
20 Mar 2017
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Close
22 Mar 2017
3
Allotment
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Listing
Fri, Mar 31, 2017
Price Band
₹500 to ₹502
Issue Size
47,60,000 shares (agg. up to ₹239 Cr)
Lot Size
29 Shares
Listing Date
Fri, Mar 31, 2017
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.67x |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Global Education Ltd. | SME | ₹10.25 Cr | ₹150 | null | ₹180.00 | +20.00% | ₹99.21 (-2.94%) |
| Shanti Educational Initiatives Ltd. | SME | ₹39.60 Cr | ₹90 | null | ₹91.00 | +1.11% | ₹204.83 (-0.24%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
About CL Educate IPO
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 cit
Contact Details
CL Educate Ltd. AddressA-41, Espire Building, Lower Grd FlrMohan Co-operative Industrial AreaMain Mathura RoadNew Delhi, New Delhi, 110044+91-11-45070311compliance@cleducate.comVisit Website