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|
|Listing On||NSE, BSE|
CL Educate’s consolidated financial performance (in INR crore)
|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
Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222
Fax: +91 40 2343 1551
CL Educate IPO Subscription Details
|Category||Shares offered||Subscription (No.
BQ WatchList: Bulk Deals, CL Educate IPO & More
of times, at 5 PM)
|Day 1||Day 2||Day 3|
CL Educate IPO allotment status is now available on Karvy Computershare’s website.
Click on this linkto 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)