CL Educate IPO
CL 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: [email protected]
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: [email protected]
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)
How is this IPO?
NOT MUCH INFO IS AVAILABLE SO WILL HAVE TO WAIT AND WATCH FOR SUBSCRIPTION
Get d info in d ofcl website itself..looks good..
How is this ipo?
http://economictimes.indiatimes.com/markets/stocks/news/cl-educate-ipo-kicks-off-on-muted-note-analysts-assign-avoid-rating-to-issue/articleshow/57728031.cms
Economics times says, it’s an AVOID.
I agree, CL Educate doesn’t look very good. Education is a good business but education stocks have just disappointed investors.
Sir … We have to apply or not plzz share review?
You missed this IPO because this was very good ipo don’t judge anyone.
Why are HNI didi not invest in this IPO??
They are busy counting notes after Dmart ;)))
super flop ipo
Each and every IPO is important so don’t take advice from anyone bcoz we have to take risk for making profite
right
VERY GOOD AMITBHAI
I agree with sam this ipo is not worth buying
what is the fun in making losses
Which Date Allotment of CL Educate?
allotment done and it will be seen on the site tomorrow
Cl educate listing may be 450-480 . It is not good for listing.
Just watch it, CL Educate will go up to mark 550-600 because there are many foreign investors and mututal fund’s advisors.
Got allotment in 2 out of 3 applications..
How did you do 3 applications? I thought if you do all are rejected.
There is options for 3 different price while you apply an ipo from your bank account.
I GOT 2/1 LOT
listing prize will be 600
700
GMP is 70 so it will list at good price. I missed applying to this
FROM where you get GMP ?
CL Educate reach 650 – 700
Listed 600-625
Good ipo
Very good IPO, Listing may be 680 – 700
What is the list price
402
Why lower
Why it is down? I though missed a good Ipo but good now
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.