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Chetana Education Ltd IPO

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.

Chetana Education Ltd IPO Details

Total Shares Offered

₹ 54,00,000

Offer to Public

TBA

Retail Max (Shares)

₹ 17,95,200

Pre Issue Promoters Holding

₹ 1,39,50,000

Exchange

NSE

Issue size

₹ 45.9 Cr

IPO Open Date

Jul 24, 2024

Close Date

Jul 26, 2024

Lot Size

1600

Min Investment

₹ 1,28,000

Issue Type

Book Building - SME

Listing Date

Jul 31, 2024

Chetana Education Ltd IPO Dates

Jul 24, 2024

Opening date

Jul 26, 2024

Closing date

Jul 29, 2024

Basis of Allotment

Jul 30, 2024

Initiation of Refunds

Jul 30, 2024

Credit of Shares

Jul 31, 2024

Listing date

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*
QIB	0x	2561600
NII	0x	769600
Retail	0x	1795200
Employee	0x	0
Total	0x	5400000

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

2561600

769600

1795200

5400000

Chetana Education Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	102.47	40.30	TBA
EBITDA	20.25	14.06	TBA
PAT	13.51	10.03	TBA
Total Assets	112.19	94.23	TBA
Share Capital	20.40	15.00	TBA
Total Borrowings	30.03	43.77	TBA
Operating Activities (Net Cash)	14.43	10.21	TBA
Investing Activities (Net Cash)	-0.52	0.00	TBA
Financing Activities (Net Cash)	30.03	43.77	TBA
Net Cashflow	0.12	3.70	TBA

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.

Peer Comparison:

S Chand & Company Ltd
Navneet Education Ltd

Chetana Education Ltd 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.

How To Apply for Chetana Education Ltd IPO Online?

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Go through the IPO details like lot size, price band, about the company, etc.

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Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Chetana Education Ltd IPO?

Chetana Education Ltd's IPO offers shares for up to 45.9 It begins on Jul 24, 2024 and ends on Jul 26, 2024.

What is the price of the Chetana Education Ltd IPO?

The price of Chetana Education Ltd IPO ranges between ₹80 to ₹85 per share.

What are the open and close dates for the Chetana Education Ltd IPO?

The Chetana Education Ltd IPO opens on Jul 24, 2024 and closes on Jul 26, 2024.

When will the Chetana Education Ltd IPO be allotted?

The allotment for the Chetana Education Ltd IPO will be finalised on Jul 29, 2024. The shares will be listed on BSE and NSE on Jul 31, 2024.

What is the minimum lot size required for Chetana Education Ltd IPO?

The minimum lot size for Chetana Education Ltd IPO is 1600 shares, priced between ₹80 to ₹85 per share.

What is the GMP of Chetana Education Ltd IPO?

The GMP (Grey Market Premium) of Chetana Education Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Chetana Education Ltd IPO?

To check the allotment status of Chetana Education Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Chetana Education Ltd IPO getting listed?

The Chetana Education Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Jul 24, 2024, and closes on Jul 26, 2024. The allotment is finalised on Jul 29, 2024.

How do you apply for the Chetana Education Ltd IPO?

To apply for the Chetana Education Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.