CL Educate IPO

CL Educate IPO

CL Educate IPO

CL Educate IPOCL Educate is a diversified and integrated technology-enabled provider of education products, services, content and infrastructure, with a presence across the education value chain. Since commencing operations in 1996, it has diversified operations across six business segments, spanning the education value chain:

  • Test preparation and training services, generally referred to as “test prep”, conducted under Career Launcher brand;
  • Publishing and content development, conducted under GK Publications brand;
  • Integrated business, marketing and sales services for corporates, conducted under Kestone brand, including event management, marketing support (including digital marketing support), customer engagement, managed manpower and training services;
  • Vocational training programs implemented under Government schemes in various States across India;
  • Integrated solutions to educational institutions and universities, including business advisory and outreach support services, under CL Media brand, as well as research incubation and support services conducted under the Accendere brand; and
  • K-12 schools operated under Indus World School brand.

Promoters of CL Educate: Satya Narayanan R, Gautam Puri, Nikhil Mahajan, R. Shiva Kumar, Sreenivasan R, Sujit Bhattacharyya and Bilakes Consulting Private Limited

CL Educate IPO details
Subscription Dates20 - 22 March 2017
Price BandINR500 - 502 per share
Fresh issue2,180,119 shares (INR109.4 crore at upper end)
Offer For Sale2,579,881 shares (INR129.5 crore at upper end)
Total IPO size4,760,000 shares (INR238.9 crore at upper end)
Minimum bid (lot size)29 shares
Face Value INR10 per share
Retail Allocation35%
Listing OnNSE, BSE

 

CL Educate's consolidated financial performance (in INR crore)

FY2012FY2013FY2014FY2015FY20166M FY2017
Total revenue102.1135.5124.7155.8173.889.4
Total expenses91.7125.2119.3146.1166.578.8
Profit after tax-5.46.72.47.74.97.1

CL Educate Contact Details

CL Educate Limited
A-41, Espire Building, Lower Ground Floor, Mohan Co-operative Industrial Area,
Main Mathura Road, New Delhi 110 044

Phone: +91 11 4128 1100
Fax: +91 11 4128 1110
Email: [email protected]
Website: www.cleducate.com

Registrar of CL Educate IPO

Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana

Phone: +91 40 6716 2222 
Fax:
+91 40 2343 1551 
Email:
 [email protected]
Website: www.karvycomputershare.com

CL Educate IPO Subscription Details

CategoryShares offeredSubscription (No. of times, at 5 PM)
Day 1Day 2Day 3
QIB952,0001.04 1.96 3.65
NII714,0000.00 0.04 0.21
Retail 1,666,0000.13 0.401.54
Total3,332,0000.36 0.77 1.85

CL Educate IPO Allotment Status

CL Educate IPO allotment status is now available on Karvy Computershare’s website. Click on this link to get allotment status. You can also check allotment status using application number on this link.

LISTING PERFORMANCE OF CL Educate IPO

IPO Opening Date: 20 March 2017

IPO Closing Date: 22 March 2017

Finalisation of Basis of Allotment: 29 March 2017

Initiation of refunds: 29 March 2017

Transfer of shares to demat accounts: 30 March 2017

Listing Date: 31 March 2017

Listing Price on NSE: INR402 per share (discount of 19.9% over IPO price)

Closing Price on NSE: INR422.1 per share (discount of 15.9% over IPO price)

36 COMMENTS

  1. No answer to ppls questions of why it is so low but think logically, the stock is locked at 5% upper circuit. 3-4 such days and it will be atleast back to ipo rate. Don’t panic and sell now, it will not go down more.

  2. Each and every IPO is important so don’t take advice from anyone bcoz we have to take risk for making profite

    • I agree, CL Educate doesn’t look very good. Education is a good business but education stocks have just disappointed investors.

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