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Chetana Education Limited IPO (Chetana Education IPO) Details

Chetana Education Limited

Chetana Education IPO's overview

Chetana Education IPO is a book built issue of ₹45.90 Cr (45,90,00,000). The issue includes a fresh issue of 54.00 Lakh (54,00,000) shares aggregating to ₹45.90 Cr (45,90,00,000).

Chetana Education IPO bidding started from Jul 24, 2024 and ended on Jul 26, 2024. The allotment for Chetana Education IPO was finalized on Jul 30, 2024. The shares got listed on NSE on Aug 31, 2024.

Chetana Education IPO price band is set at ₹80 to ₹85 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹1.28 Lakh (1,28,000).

Refer to Chetana Education IPO RHP for detailed information.

  • IPO date

    Jul 24,2024 - Jul 26,2024

  • Listing Date

    Aug 31,2024

  • Face value

    ₹10

  • Price Band

    ₹80 to ₹85 per share

  • Lot

    ₹1600 Shares

  • Total Issue Size

    54.00 Lakh (54,00,000)

    aggregating up to ₹45.90 Cr (45,90,00,000)

  • Fresh Issue

    54.00 Lakh (54,00,000)

    aggregating up to ₹45.90 Cr (45,90,00,000)

  • Issue Type

    Book Building

  • IPO Type

    SME

  • Listing At

    NSE

  • Wed, Jul 24, 2024

    IPO Open

  • Fri, Jul 26, 2024

    IPO Close

  • Tue, Jul 30, 2024

    Basis of Allotment

  • Wed, Jul 31, 2024

    Initiation of Refunds

  • Wed, Jul 31, 2024

    Credit of Shares to Demat

  • Sat, Aug 31, 2024

    Listing

Chetana Education IPO Day-wise IPO GMP Trend

Chetana Education IPO last GMP is ₹25, last updated Jul 31,2024. With the price band of 85.00, Chetana Education IPO's estimated listing price is ₹110 (cap price + today's GMP).The expected percentage gain/loss per share is 29.41%.

DateIPO PriceGMPEstimated Listing PriceLast Updated
31-Jul-2485.0025
110(29.41%)31-Jul-2024 09:31
30-Jul-2485.0025
110(29.41%)30-Jul-2024 23:27
29-Jul-2485.0031
116(36.47%)29-Jul-2024 23:26
28-Jul-2485.0043
128(50.59%)28-Jul-2024 23:28
27-Jul-2485.0043
128(50.59%)27-Jul-2024 23:24
26-Jul-2485.0043
128(50.59%)26-Jul-2024 23:32
25-Jul-2485.0041
126(48.24%)25-Jul-2024 23:32
24-Jul-2485.0045
130(52.94%)24-Jul-2024 23:27
23-Jul-2485.0011
96(12.94%)23-Jul-2024 23:32
22-Jul-2485.0011
96(12.94%)22-Jul-2024 23:28
21-Jul-2485.0011
96(12.94%)21-Jul-2024 23:30
20-Jul-2485.0011
96(12.94%)20-Jul-2024 23:32
19-Jul-2485.0011
96(12.94%)19-Jul-2024 23:27
18-Jul-2485.000
85(0.00%)18-Jul-2024 23:28

Chetana Education IPO Lot Size

ApplicationLotsSharesAmount

Retail(Min)

11,600₹1.36 Lakh (1,36,000)

Retail(Max)

11,600₹1.36 Lakh (1,36,000)

HNI(Min)

23,200₹2.72 Lakh (2,72,000)

Chetana Education IPO Reservation

Investor CategoryShares Offered
Offered to QIB10.26 Lakh (10,25,600)
Offered to NII7.70 Lakh (7,69,600)
Offered to RII17.95 Lakh (17,95,200)
Offered to Anchor Investor15.36 Lakh (15,36,000)

About Chetana Education Limited

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 IPO's documents

Chetana Education Limited Contact Details

Chetana Education Limited
401, E-Wing, B & C Block,
Trade Link, Kamala Mill, Delisle Road,
Mumbai, Mumbai City - 400013
Phone: +91-22-6245 6000
Email: [email protected]
Website: http://www.chetanaeducation.com/

Chetana Education IPO's Promoters

Anil Jayantilal Rambhia, Rakesh Jayantilal Rambhia & Shilpa Anil Rambhia are the company's promoters.