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 Dates 20 - 22 March 2017
Price Band INR500 - 502 per share
Fresh issue 2,180,119 shares (INR109.4 crore at upper end)
Offer For Sale 2,579,881 shares (INR129.5 crore at upper end)
Total IPO size 4,760,000 shares (INR238.9 crore at upper end)
Minimum bid (lot size) 29 shares
Face Value  INR10 per share
Retail Allocation 35%
Listing On NSE, BSE

 

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

FY2012 FY2013 FY2014 FY2015 FY2016 6M FY2017
Total revenue 102.1 135.5 124.7 155.8 173.8 89.4
Total expenses 91.7 125.2 119.3 146.1 166.5 78.8
Profit after tax -5.4 6.7 2.4 7.7 4.9 7.1

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: compliance@cleducate.com
Website: www.cleducate.com

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:
 cleducate.ipo@karvy.com
Website: www.karvycomputershare.com

CL Educate IPO Subscription Details

Category Shares offered Subscription (No. of times, at 5 PM)
Day 1 Day 2 Day 3
QIB 952,000 1.04  1.96  3.65
NII 714,000 0.00  0.04  0.21
Retail  1,666,000 0.13  0.40 1.54
Total 3,332,000 0.36  0.77  1.85

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.

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)

CL Educate IPO
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36 thoughts on “CL Educate IPO

  • March 31, 2017 at 1:45 PM
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    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.

    Reply
  • March 31, 2017 at 11:18 AM
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    Why it is down? I though missed a good Ipo but good now

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  • March 31, 2017 at 10:12 AM
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    What is the list price

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  • March 30, 2017 at 7:45 PM
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    Very good IPO, Listing may be 680 – 700

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  • March 29, 2017 at 9:18 PM
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    CL Educate reach 650 – 700

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  • March 29, 2017 at 8:50 PM
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    GMP is 70 so it will list at good price. I missed applying to this

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    • March 30, 2017 at 2:17 PM
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      FROM where you get GMP ?

      Reply
  • March 29, 2017 at 12:47 PM
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    Got allotment in 2 out of 3 applications..

    Reply
    • March 29, 2017 at 5:06 PM
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      How did you do 3 applications? I thought if you do all are rejected.

      Reply
      • March 30, 2017 at 2:19 PM
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        There is options for 3 different price while you apply an ipo from your bank account.

        Reply
  • March 28, 2017 at 10:59 PM
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    Cl educate listing may be 450-480 . It is not good for listing.

    Reply
    • March 29, 2017 at 11:12 AM
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      Just watch it, CL Educate will go up to mark 550-600 because there are many foreign investors and mututal fund’s advisors.

      Reply
  • March 28, 2017 at 9:40 PM
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    allotment done and it will be seen on the site tomorrow

    Reply
  • March 28, 2017 at 4:04 PM
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    Which Date Allotment of CL Educate?

    Reply
  • March 27, 2017 at 6:36 PM
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    I agree with sam this ipo is not worth buying
    what is the fun in making losses

    Reply
  • March 26, 2017 at 8:57 PM
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    Each and every IPO is important so don’t take advice from anyone bcoz we have to take risk for making profite

    Reply
  • March 22, 2017 at 8:15 PM
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    Why are HNI didi not invest in this IPO??

    Reply
    • March 22, 2017 at 9:05 PM
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      They are busy counting notes after Dmart ;)))

      Reply
  • March 21, 2017 at 9:55 PM
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    Sir … We have to apply or not plzz share review?

    Reply
    • March 29, 2017 at 11:10 AM
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      You missed this IPO because this was very good ipo don’t judge anyone.

      Reply
    • March 21, 2017 at 6:40 PM
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      I agree, CL Educate doesn’t look very good. Education is a good business but education stocks have just disappointed investors.

      Reply
  • March 13, 2017 at 9:02 PM
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    NOT MUCH INFO IS AVAILABLE SO WILL HAVE TO WAIT AND WATCH FOR SUBSCRIPTION

    Reply
    • March 16, 2017 at 8:19 PM
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      Get d info in d ofcl website itself..looks good..

      Reply

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