Last updated on July 31, 2024
Chetana Education IPO description – Founded in 2017, Chetana Education is a dynamic content company specializing in educational book publishing for CBSE and State Board curriculums, targeting the K-12 segment. They also develop educational software featuring learning videos for teachers and students, easily accessible via QR codes. Their efforts are supported by an extensive sales and distribution network.
Currently, Chetana Education focuses on serving both the Maharashtra State Board and the Central Board of Secondary Education (CBSE), providing a comprehensive range of educational books from early pre-primary to K-12 courses. In the fiscal year 2023, Chetana Education sold over 6 million books, reaching students across various levels, including pre-primary, primary, secondary, and higher secondary. The company collaborates with more than 400 contract authors who contribute to creating their content. As of January 2024, Chetana Education has a strong distribution network with over 500 distributors and dealers, supported by a dedicated sales team across India.
As of 2023, Chetana Education boasts a portfolio of 700 titles across 15 different brands, including Master Key, Self-Study, Firefly, Bright Buddies, My Skill Book, Grade Me, and the QR Series. They have also developed a range of digital content to enhance students’ understanding of various subjects, making learning more engaging. In a strategic partnership with Allern Enterprises Private Limited, an edtech company, Chetana Education has produced over 30,000 videos accessible through QR codes.
Promoters of Chetana Education – Anil Jayantilal Rambhia, Rakesh Jayantilal Rambhia & Shilpa Anil Rambhia
Table of Contents
Chetana Education IPO Details
| Chetana Education IPO Dates | 24 – 26 July 2024 |
| Chetana Education Issue Price | INR 80 – 85 per share |
| Fresh issue | 54,00,000 shares (INR 43.20 – 45.90 crore) |
| Offer For Sale | NIL |
| Total IPO size | 54,00,000 shares (INR 43.20 – 45.90 crore) |
| Minimum bid (lot size) | 1,600 shares (INR 1,36,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE EMERGE |
Chetana Education Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 43.09 | 75.56 | 93.51 |
| Expenses | 40.26 | 64.76 | 76.68 |
| Net income | 1.68 | 6.85 | 12.03 |
Chetana Education Offer News
- Chetana Education RHP
- Chetana Education Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
Chetana Education Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 1.12 | 4.57 | 8.02 |
| PE ratio | – | – | 9.98 – 10.60 |
| RONW (%) | 8.63 | 30.04 | 47.67 |
| NAV | 12.98 | 15.21 | 16.83 |
| ROCE (%) | 9.94 | 20.55 | 26.87 |
| EBITDA (%) | 14.06 | 18.35 | 22.56 |
| Debt/Equity | 1.99 | 1.88 | 2.03 |
Chetana Education IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 30 July 2024 | 42 | – | 49,000 |
| 29 July 2024 | 42 | – | 49,000 |
| 27 July 2024 | 40 | – | 46,000 |
| 26 July 2024 | 40 | – | 46,000 |
| 25 July 2024 | 25 | – | 28,500 |
| 24 July 2024 | 10 | – | 12,000 |
| 23 July 2024 | 10 | – | 12,000 |
| 22 July 2024 | 10 | – | 12,000 |
| 20 July 2024 | 10 | – | 12,000 |
Chetana Education IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 10,25,600 | 7,69,600 | 17,95,200 | 35,90,400 |
| 26 Jul 2024 | 101.22 | 468.70 | 134.36 | 196.56 |
| 25 Jul 2024 | 4.20 | 11.40 | 18.59 | 12.94 |
| 24 Jul 2024 | 4.20 | 1.94 | 2.42 | 2.82 |
The market maker reservation portion of 2,73,600 shares and anchor allocation of 15,36,000 shares are not included in the above calculations.
Chetana Education IPO Allotment Status
Chetana Education IPO allotment status is now available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Chetana Education IPO Dates & Listing Performance
| IPO Opening Date | 24 July 2024 |
| IPO Closing Date | 26 July 2024 |
| Finalization of Basis of Allotment | 29 July 2024 |
| Initiation of refunds | 30 July 2024 |
| Transfer of shares to demat accounts | 30 July 2024 |
| IPO Listing Date | 31 July 2024 |
| Opening Price on NSE SME | INR 98.90 per share (up 16.35%) |
| Closing Price on NSE SME | INR 103.80 per share (up 22.12%) |
Chetana Education Offer Lead Manager
HEM SECURITIES LIMITED
904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, India
Phone: +91- 022- 49060000
Email:Â [email protected]
Website:Â www.hemsecurities.com
Chetana Education Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone:Â +91 810 811 4949
Email:Â [email protected]
Website:Â www.linkintime.co.in
Chetana Education Issue Contact Details
CHETANA EDUCATION LIMITED
401, E-Wing, B & C Block Trade Link,
Kamala Mill, Delisle Road, Delisle Road,
Mumbai, Maharashtra, India, 400013
Phone: +91-22-6245 6000
E-mail: [email protected]
Website: www.chetanaeducation.com
IPO FAQs
What is the Chetana Education offer size?
Chetana Education offer size is INR 43.20 – 45.90 crores.
What is the Chetana Education offer price band?
Chetana Education public offer price is INR 80 – 85 per share.
What is the lot size of the Chetana Education IPO?
Chetana Education offer a lot size is 1,600 shares.
What is Chetana Education IPO GMP today?
Chetana Education IPO GMP today is INR 42 per share.
What is the Chetana Education kostak rate today?
Chetana Education kostak rate today is INR NA per application.
What is Chetana Education Subject to the Sauda rate today?
Chetana Education is Subject to the Sauda rate today is INR 49,000 per application.
Very informative