Skip to main content
NSE - SMEListed
Chetana Education Limited Logo

Chetana Education Limited IPO

Chetana Education Limited IPO

IPO Date :
Issue Price :
Allotment Date :
Listing Date :
List Price :
Lot Size:
Subscription:
Listed Price: ₹ 98.90 (+16.35%)

Chetana Education Limited's successfully completed its Initial Public Offering and commenced trading on 31-07-2024 at the NSE exchange. The company raised 54,00,000 Shares through this public offering, comprising 54,00,000 Shares in fresh capital.

The IPO was priced within the band of ₹80 to ₹85, with minimum application lots of 1600 shares. The offering attracted significant investor interest during its subscription period from 24-07-2024 to 26-07-2024.

Share allotment was finalized on 29-07-2024, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.

Chetana Education IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Chetana Education IPO Key Performance Indicator
Company Financials ( In Lakhs )

Chetana Education IPO About Company

Chetana Education Limited, founded in 2017, publishes textbooks for CBSE and Maharashtra State Board students from pre-primary to senior secondary levels. They offer 700+ book titles across 15 brands like Master Key, Self-Study, Firefly, and QR Series, with over 6 million books sold. Their books come with digital learning videos accessible via QR codes, created in partnership with Allern Enterprises Private Limited, featuring 30,000+ educational videos. The company works with 400+ contract authors to deliver high-quality content and has a strong network of 500+ distributors and dealers across India, supported by a 470-member team as of December 2023.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Chetana Education IPO Strength Factors

  1. Digital Learning Platform: Chetana Education uses modern technology with 30,000+ educational videos accessible through QR codes, making learning easier and more interactive for students.
  2. Wide Range of Educational Content: The company offers 700+ books across 15 brands, covering education from pre-primary to senior secondary levels.
  3. Strong Market Presence: With 6 million books sold and a partnership with Allern Enterprises, Chetana Education has a strong position in the K-12 education market, backed by a wide distribution network and dedicated sales team.

Chetana Education IPO Risk Factors

  1. Seasonal Revenue and Profit: The company's income and profit may go up and down based on the academic calendar, making it harder to compare results from one period to another.
  2. Exam and Syllabus Changes: Changes in exam patterns, syllabus updates, and customer preferences can affect the company's ability to meet market needs.
  3. Reliance on Authors: The business depends a lot on its authors, and losing key authors could negatively impact its operations, finances, and overall performance.

Chetana Education IPO Lead Manager(s)

  • Hem Securities Limited

Chetana Education IPO Promoter(s)

  1. Anil Jayantilal Rambhia
  2. Rakesh Jayantilal Rambhia
  3. Shilpa Anil Rambhia

Chetana Education IPO Company Details

Chetana Education Limited
Phone:
address:

Chetana Education IPO Registrar

Link Intime India Private Limited
Name:
Phone:

Chetana Education IPO FAQs