Issue Price
₹85
Per Share
GMP
NIL
Grey Market
Est. Listing
₹85
Expected Price
Min. Application
₹272,000
2 lots × 1600 shares
Established in 2017, Chetana Education Limited specializes in publishing textbooks for CBSE/State Board curriculum for the K-12 segment and educational software for educational videos for teachers and students accessible through QR (Quick Response) codes.Chetana Education currently caters to the Maharashtra State Board and the Central Board of Secondary Education (CBSE) and covers the entire spectrum of textbooks from early pre-primary education to K-12 courses. The company has sold over 6 million books for students at various grade levels, from pre-primary to primary, secondary, and senior secondary. The company works with over 400 contract authors who contribute to the creation of content for the company.The company has a portfolio of 700 titles (as of 2023) with 15 different brands including Master Key, Self-Study, Firefly, Bright Buddies, My Skill Book, Grade Me, QR Series, etc. The company has also developed a range of digital content to enhance students' understanding of specific subjects and harness the content for a better learning experience. The company has entered into a strategic partnership with Allern Enterprises Private Limited, an ed-tech company, and has produced over 30,000 videos that can be accessed through QR codes.As of January 2024, the company has a distribution and sales network consisting of more than 500 distributors and dealers and a dedicated sales team working in branches and marketing offices across India.As of March 31, 2024, the company employed 408 people.
Chetana Education Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 273,600 | — | ₹2.33 Cr | — |
| TOTAL | 5,400,000 | 100.00% | ₹45.90 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹136,000 |
| Retail (Max) | 13 | 20,800 | ₹1,768,000 |
| sNII (Min) | 14 | 22,400 | ₹1,904,000 |
| bNII (Min) | 68 | 108,800 | ₹9,248,000 |
| Particulars | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue from Operations | 9367.06 | 7560.77 | 4312.21 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 1203.47 | 685.47 | 168.06 |
| Net Worth | 2524.55 | 2281.92 | 1947.33 |
| Total Assets | 9475.09 | 8315.08 | 7605.82 |
| Reserves & Surplus | 1024.55 | N/A | N/A |
| Total Borrowings | 5128.73 | 4299.50 | 3876.03 |