Chetana Education IPO

Chetana Education IPO  opens on July 24, 2024, and closes on July 26, 2024. The allotment for the Chetana Education IPO   is anticipated to be completed on Monday, July 29, 2024. The IPO will be listed on the NSE and SME, with a tentative listing date set for Wednesday, July 31, 2024

The price band for the Chetana Education  IPO is set at Rs 80 to Rs 85 per share. The IPO is a book-built issue of Rs 45.90 crores, entirely a fresh issue of 54 Lakhs shares.

Chetana Education IPO Details

Chetana Education IPO Lot Size

Chetana Education IPO Objectives

The objectives of the Issue are:

1. To Meet Working Capital Requirements; and
2. General Corporate Purpose.
3. Repayment of certain borrowing availed by the Company, in part or full;

About Chetana Education Limited

Established in 2017, Chetana Education Ltd specializes in printing and publishing textbooks for the K-12 segment, catering to both the CBSE and State Board curriculums. To enhance the educational experience, Chetana Education Ltd also offers educational software and videos for teachers and students.

Chetana Education serves the Maharashtra State Board and the Central Board of Secondary Education (CBSE), providing a comprehensive range of textbooks from early pre-primary education to K-12 courses. The company has sold over 6 million books across various grade levels, including pre-primary, primary, secondary, and senior secondary. With the support of over 400 contract authors, Chetana Education Ltd produces high-quality content for its textbooks.

As of 2023, the company’s portfolio includes 700 titles under 15 different brands, such as Master Key, Self-Study, Firefly, Bright Buddies, My Skill Book, Grade Me, and QR Series. Additionally, Chetana Education has developed a wide range of digital content to enhance students’ understanding of specific subjects, ensuring a better learning experience.

The company has entered into a strategic partnership with Allern Enterprises Private Limited, an ed-tech company, resulting in the production of over 30,000 educational videos. This collaboration underscores Chetana Education Ltd’s commitment to integrating digital solutions into traditional learning methods.

Chetana Education Limited Financial Information

Chetana Education Limited’s revenue increased by 23.89% and profit after tax (PAT) rose by 75.57% between the financial year ending with March 31, 2024 and March 31, 2023.

Chetana Education IPO Reservation

Chetana Education IPO Timeline 

Chetana Education IPO opens on July 24, 2024, and closes on July 26, 2024.

Conclusion

The Chetana Education IPO, opening on July 24, 2024, and closing on July 26, 2024, presents a compelling investment opportunity with a price band of Rs80 to Rs85 per share. The IPO aims to raise Rs45.90 crores through the issuance of 54 lakh fresh shares. As a well-established player in the K-12 textbook publishing sector, Chetana Education Ltd has shown significant growth in revenue and profit, emphasizing its strategic partnership with Allern Enterprises to integrate digital educational content. With plans to use the proceeds for working capital, corporate purposes, and debt repayment, the company is poised for further expansion and enhancement of its educational offerings.