CL Educate IPO is a book-built offering for Rs 238.95 crore. The offering consists of a 0.22 crore fresh issue and a 0.26 crore share offer for sale. CL Educate’s initial public offering (IPO) began on March 20, 2017 and ended on March 22, 2017. The CL Educate IPO allotment was completed on March 29, 2017. On March 31, 2017, the shares were listed on the BSE and NSE. CL Educate’s IPO price range is $500 to $502 per share. An application requires a minimum lot size of 29 shares. Retail investors must make a minimum investment of $14,558.
CL Educate Ltd., founded in 1996, is a provider of educational products and services. They operate in two segments: education and training (including study material sales) and vocational training. Coaching for higher education entrance exams is part of the company’s education and training program, which also involves the provision of study materials. The vocational training component of the company contains particular projects (including government projects).CL Educate offers Career Launcher exam preparation courses and services.
GK Publications publishing and content production services, and Kestone event management, marketing assistance, customer interaction, and managed manpower and training services They also offer integrated solutions to educational institutions and colleges, such as business consulting and outreach support services through the CL Media brand and research incubation and support services through the Accendere brand.
In addition, the corporation operates K–12 schools under the brand name Indus World School. They have 146 test-prep centers spread throughout 86 locations in India as of September 30, 2015, 8 K–12 schools scattered across 6 cities, and 28 vocational training centers and offices.
CL Educate IPO Details
| IPO Date | March 20, 2017 to March 22, 2017 |
| Listing Date | March 31, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹500 to ₹502 per share |
| Lot Size | 29 Shares |
| Total Issue Size | 4,760,000 shares (aggregating up to ₹238.95 Cr) |
| Fresh Issue | 2,180,119 shares (aggregating up to ₹[.] Cr) |
| Offer for Sale | 2,579,881 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
CL Educate IPO Timeline
| IPO Open Date | Monday, March 20, 2017 |
| IPO Close Date | Wednesday, March 22, 2017 |
| Basis of Allotment | Wednesday, March 29, 2017 |
| Initiation of Refunds | Wednesday, March 29, 2017 |
| Credit of Shares to Demat | Thursday, March 30, 2017 |
| Listing Date | Friday, March 31, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 22, 2017 |
CL Educate IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | – | NA |
| QIB Shares Offered | 952,000 (28.57%) | NA |
| NII (HNI) Shares Offered | 714,000 (21.43%) | |
| Retail Shares Offered | 1,666,000 (50.00%) | 57,448 |
| Total Shares Offered | 3,332,000 (100%) |
CL Educate IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 29 | ₹14,558 |
| Retail (Max) | 13 | 377 | ₹189,254 |
Objects of the Issue (CL Educate IPO Objectives)
The object of the issue is:
- Funding and working capital requirements of the company:
- Acquisitions and other strategic initiatives;
- prepayment of outstanding amount of a debt; and
- General corporate purposes.
CL Educate IPO Listing Details
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 29 | ₹14,558 |
| Retail (Max) | 13 | 377 | ₹189,254 |
CL Educate Listing Day Trading Information
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹502.00 | ₹502.00 |
| Open | ₹398.00 | ₹402.00 |
| Low | ₹398.00 | ₹402.00 |
| High | ₹417.90 | ₹422.10 |
| Last Trade | ₹417.90 | ₹422.10 |
CL Educate Ltd Contact Details
CL Educate Ltd
A-41, Espire Building, Lower Grd Flr,
Mohan Co-operative Industrial Area,
Main Mathura Road, New Delhi, 110 044
Phone: +91-11-45070311
Email: [email protected]
Website: http://www.cleducate.com
CL Educate IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email:
Website: https://kosmic.kfintech.com
CL Educate IPO FAQs
Q1. What is the CL Educate IPO?
Ans. CL Educate IPO is a main-board IPO of 4,760,000 equity shares with a face value of ₹10, aggregating up to ₹238.95 crore. The issue is priced at ₹500 to ₹502 per share. The minimum order quantity is 29 shares. The IPO opens on March 20, 2017, and closes on March 22, 2017.
Q2. When will CL Educate IPO will open?
Ans. The CL Educate IPO opens on March 20, 2017 and closes on March 22, 2017.
Q3. What is the lot size of CL Educate IPO?
Ans. CL Educate IPO lot size is 29 Shares, and the minimum amount required is ₹14,558.
Q4. When is CL Educate IPO listing date?
Ans. The CL Educate IPO listing date is on March 31, 2017.
