Chetana Education is a content-based company, specializing in educational book publishing for the CBSE/State Board curriculum catering to the K-12 segment. Additionally, They provide access to educational software for learning videos (for teachers and Students) accessible through QR (Quick Response) codes, backed by a comprehensive sales and distribution network. They currently focus on serving the Maharashtra State Board and Central Board of Secondary Education (CBSE), covering the spectrum of education books from early pre-primary learning to K-12 courses. During the Fiscal year 2023, they sold over 6 million books, covering students across different standards ranging from pre-primary, primary, secondary, and higher secondary levels.
They have established a portfolio of over 700 titles as of 2023 with 15 distinct brands. Some of the names in their lineup include Master Key, Self-Study, Firefly, Bright Buddies, My Skill Book, Grade Me, QR series, etc. Apart from publishing books, They are also involved in developing a range of digital content for enhanced understanding of topics for students and aim to make the content more viable for a better learning experience. They have over the years produced over 30,000 videos that can be accessed via QR codes, which could help transform traditional content into digital formats, facilitating the students for further self-studies post-school and tutorials without any additional cost. This has been achieved through a strategic partnership with Allern Enterprises Private Limited, an Edtech company.
Chetana’s network encompasses numerous schools, coaching classes, and booksellers, supported by collaborations with different vendors in printing, paper sourcing, binding, lamination, and packaging. Partnerships with over 400 contractual authors contributing to the content creation for the company. While they have strategically opted for partnerships with printers and binders in India, their decision to remain asset-light underscores their commitment to operational agility and cost optimization and absolute focus on content development for the education sector and effective sales and distribution.
Objects of the Issue:
- Repayment of certain borrowing availed by the Company, in part or full;
- To meet Working Capital requirements; and
- General Corporate Purpose.
Chetana Education IPO Review
- May Apply
Chetana Education IPO Date & Price Band Details
| IPO Open: | July 24, 2024 |
| IPO Close: | July 26, 2024 |
| IPO Size: | Approx ₹45.90 Crores, 5,400,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹80 to ₹85 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Chetana Education IPO Market Lot
The Chetana Education IPO minimum market lot is 1600 shares with a ₹136,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1600 | ₹136,000 |
| Retail Maximum | 1 | 1600 | ₹136,000 |
| S-HNI Minimum | 2 | 3200 | ₹272,000 |
Chetana Education IPO Dates
The Chetana Education IPO date is July 24 and the IPO close date is July 26. The IPO allotment date is July 29 and the IPO might list on July 31.
| IPO Open Date: | July 24, 2024 |
| IPO Close Date: | July 26, 2024 |
| Basis of Allotment: | July 29, 2024 |
| Refunds: | July 30, 2024 |
| Credit to Demat Account: | July 30, 2024 |
| IPO Listing Date: | July 31, 2024 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Chetana Education IPO Form
How to apply Chetana Education IPO? You can apply Chetana Education IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Chetana Education IPO in the Invest section. The other option you can apply Chetana Education IPO via IPO forms download via the NSE website. Check out the Chetana Education forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.
Chetana Education Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹32.71 | ₹27.77 | ₹2.80 |
| 2022 | ₹43.12 | ₹40.26 | ₹1.68 |
| 2023 | ₹75.61 | ₹64.76 | ₹6.85 |
| Jan 2024 | ₹53.28 | ₹50.36 | ₹1.79 |
Chetana Education IPO Valuation – FY2023
Check Chetana Education IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹4.57 per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 30.04% |
| Net Asset Value (NAV): | ₹15.21 per Equity Share |
Peer Group
- S Chand and Company Limited
- Navneet Education Limited
Company Promoters
- Anil Jayantilal Rambhia
- Rakesh Jayantilal Rambhia
- Shilpa Anil Rambhia
Chetana Education IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/initial_offer/public-issues.html
Chetana Education IPO Allotment Status
Check Chetana Education IPO allotment status on Link Intime website URL. Click Here
Chetana Education IPO Lead Managers aka Merchant Bankers
- Hem Securities Limited
Company Address
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/
