Business Standard

CL Educate Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

238.95 cr

Price Range (₹)

502

Lot Size

29

Min Investment (₹)

14,558.00

Listing Exchange

MumbaiNSE

Open Date

20-Mar-2017

Close Date

22-Mar-2017

Listing Date

31-Mar-2017

CL Educate Ltd News

    The Shares of CL Educate Ltd have now been listed.

    CL Educate Ltd IPO Details

    Initial public offering of upto 4,760,000 equity shares of face value of Rs.10 each (equity shares) of CL Educate Limited (CL Educate or thecompany or the issuer) for cash at a price of Rs. 502 per equity share(the offer price) aggregating to Rs. 238.95 crores (the offer). Theoffer comprises a fresh issue of 2,180,119 equity shares by the company(fresh issue) and an offer for sale of 2,579,881 equity shares by theselling shareholders, Including 974,000 equity shares by certain of thepromoters and members of the promoter group (Offer for sale). The Offershall consititute 33.61% of the post offer paid-up equity share capital ofthe company.Face value of the equity shares is Rs. 10 each and the offer price is Rs. 502 per equity share, which is 50.2 times the face value of the equity shares.

    Objective of issue

    Funding Working Capital requirement of the Company. Pre-payment of outstanding amount of a debt. Acquisitions and other strategic initiatives. General corporate purposes.

    CL Educate Ltd Contact Details

    CL Educate Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

    Phone - 91-40-67162222

    Fax - 91-40-23001153/23420814

    Email - compliance@cleducate.com

    Website - www.cleducate.com