Business Standard

Chetana Education Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

45.90 cr

Price Range (₹)

85

Lot Size

1600

Min Investment (₹)

1,36,000.00

Listing Exchange

NSE - SME

Open Date

24-Jul-2024

Close Date

26-Jul-2024

Listing Date

31-Jul-2024

Chetana Education Ltd News

    The Shares of Chetana Education Ltd have now been listed.

    Chetana Education Ltd IPO Details

    Initial public offer of 54,00,000* equity shares of face value of Rs. 10/- each (the Equity Shares) of Chetana Education Limited (The Company or The Issuer or CEL) at an issue price of Rs. 85 per equity share for cash, aggregating up to Rs. 45.90 crores (Public Issue) out of which 2,73,600 equity shares of face value of Rs. 10 each, at an issue price of Rs. 85 per equity share for cash, aggregating Rs. 2.33 crores will be reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion). The public issue less market maker reservation portion i.e. issue of 51,26,400 equity shares of face value of Rs. 10 each, at an issue price of Rs. 85 per equity share for cash, aggregating upto Rs. 43.57 crores is here in after referred to as the Net Issue. The public issue and net issue will constitute 26.47% and 25.13% respectively of the post-issue paid-up equity share capital of the company.*Subject to finalization of basis of allotment.The face value of the equity shares is Rs. 10/- each. The issue price is 8.50 times with the face value of the equity shares.

    Objective of issue

    Repayment of certain borrowings availed by the company in part or full. To meet working capital requirements. General corporate purposes.

    Chetana Education Ltd Contact Details

    Chetana Education Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

    Phone - 91-22-49186000

    Fax - 91-22-49186060

    Email - cs@chetanaeducation.com

    Website - www.chetanaeducation.com