Chetana Education Ltd IPO
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Chetana Education Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 54 L | TBA | ₹ 17.95 L | ₹ 139.5 L | NSE | ₹ 45.9 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 24 Jul, 24 | 26 Jul, 24 | 1600 | ₹ 1,28,000 | Book Building - SME | 31 Jul, 24 |
Chetana Education Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Printing & Stationery |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 40.52x | 2561600 | 103806400 |
| NII | 468.77x | 769600 | 360766400 |
| Retail | 135.11x | 1795200 | 242556800 |
| Employee | 0x | 0 | 0 |
| Total | 130.95x | 5400000 | 707129600 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Chetana Education Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 17.77 | TBA | TBA |
| EBITDA | 18.55 | TBA | TBA |
| PAT | 12.03 | TBA | TBA |
| Total Assets | 92.62 | TBA | TBA |
| Share Capital | 15.00 | TBA | TBA |
| Total Borrowings | 40.02 | TBA | TBA |
| Operating Activities (Net Cash) | 12.81 | TBA | TBA |
| Investing Activities (Net Cash) | 0.00 | TBA | TBA |
| Financing Activities (Net Cash) | 40.02 | TBA | TBA |
| Net Cashflow | 3.70 | TBA | TBA |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Chetana Education Ltd
Chetana Education Limited was originally formed as a Limited Liability Partnership in the name and style of Chetana Publications (India) LLP under the provisions of the Limited Liability Partnership Act, 2008 on December 30, 2017 vide Certificate of Incorporation issued by Central Registration Centre, Registrar of Companies. Consequently, its name was changed to `Chetana Education LLP', and a fresh certificate of incorporation dated October 17, 2021 was issued by the RoC. Subsequently, the Company was converted into a public limited company under Companies Act with the name `Chetana Education Limited' pursuant to a fresh certificate of incorporation dated January 21, 2024 was issued by the Registrar of Companies, Mumbai, Maharashtra, bearing CIN: U58111MH2024PLC417778.
With ~26.31% of India's population in the age group of 0-14 years, India's education sector provides numerous opportunities for growth. According to the Union Budget 2023-24: The government allocated Rs. 68,804.85 crore (US$ 8.3 billion) for the Department of School Education and Literacy, compared with Rs. 59,819.37 crore (US$ 8 billion) in the Union Budget 2022-23, a 13.06% YoY increase. Government of India's target of Gross Enrolment Ratio (GER) of 50% by 2035 for students in the 18-23 age group is expected to drive investments in the education space. According to KPMG, India has also become the second largest market for E-learning after the US.
Chetana Education Limited is a content-based company, specializing in educational book publishing for the CBSE/State Board curriculum catering to the K-12 segment. Additionally, the company provides 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. The Company currently focuses 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 course. During the Fiscal year 2023, the company sold over 6 million books, covering students across different standards ranging from pre-primary, primary, secondary, and higher secondary levels.
Peer Comparison:
- S Chand & Company Ltd
- Navneet Education Ltd
Chetana Education Ltd IPO Key Points
Strengths
- Focused digital and technology platform.
- Consumer focused education content player.
- Healthy position in the K-12 market.
- Established network for content development and printing.
- Widespread sales and distribution network.
Risk
- Its business is intricately tied to the academic cycle, making it somewhat cyclical in nature. As a result, its revenue and profitability may not be comparable from one period to another.
- Its product is subject to changing examination paper pattern and syllabus, and customer preferences, its inability to meet such needs or preferences may affect the company's business.
- The contents of the books the company publish and the authors who drafts these content are very significant for its business. The loss of all or any of its authors could adversely affect its business, results of operation, cash flows and financial condition.
Strategy
- Increasing our presence in Maharashtra State Board, CBSE and other State Boards.
- Strengthening technology enabled system including digital media.
- Focus on talent acquisition.
- Diversification of product range.
- Focused digital and technology platform.
- Consumer focused education content player.
- Healthy position in the K-12 market.
- Established network for content development and printing.
- Widespread sales and distribution network.
How To Apply for Chetana Education Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.