The CL Educate Buyback date has been Recorded soon
CL Educate Buyback of 15 crores was approved by the board of directors at the August 2, 2023 meeting. CL Educate Buyback will take place through the stock exchange’s Open Market procedure. The company’s board of directors authorized the buyback of its fully paid-up equity shares with a face value of 5 each at a price of 94 per Equity Share and for an aggregate amount not exceeding 15 crore from the shareholders. CL Educate Ltd. has a team of highly skilled professionals, including IIT-IIM alumni.
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Record Dates
Updated Soon
Buyback Price
₹94 per equity share
Face Value
₹5 per share
Offer Closes On
November 28, 2023
CL Educate Buyback Price
The CL Educate Buyback price is ₹[94 per equity share ].
IPO Overview
Over the course of its 25+ year existence, CL Educate Ltd has influenced the lives and careers of countless students. They have 200 test-prep centers spread across 100 locations in India as of August 2021. They also run test-prep centers throughout the UAE as part of their global development. CL Educate Ltd is an education management company providing educational products and services. They focus on diverse segments of education and cater to learners from multiple age groups. They have four verticles.
CL Educate Buyback 2023 Dates
| Buyback Meeting Date: | August 2, 2023 |
| Buyback Announcement Date: | August 2, 2023 |
| Buyback Record Date: | N/A |
| Last Date to Buy Shares: | N/A |
| Buyback Open Date: | August 21, 2023 |
| Buyback Close Date: | November 28, 2023 |
| Finalization of Buyback Acceptance: | N/A |
CL Educate Buyback 2023 Offer Details
CL Educate buyback of 15,95,744 equity shares at a price of ₹94 per equity share. The buyback offers not to exceed ₹15 crores of the total buyback offer size.
| Offer Amount: | ₹15 Crores |
| Number of Shares: | 15,95,744 Equity Shares |
| Face Value: | ₹5 per equity share |
| Buyback Price: | ₹94 per equity share |
| Listing: | BSE, NSE |
| Buyback Type: | Open Market |
CL Educate Buyback 2023 Acceptance Ratio
The investor should buy around [.] shares at a current market price of ₹[.] (as of date). The calculation will be ₹2,00,000 / ₹[.] buyback price = [.] shares.
| Acceptance Ratio | Investment | Shares Buyback | Profit |
| 33% | ₹[.] | [.] | ₹[.] |
| 50% | ₹[.] | [.] | ₹[.] |
| 75% | ₹[.] | [.] | ₹[.] |
| 100% | ₹[.] | [.] | ₹[.] |
CL Educate Financial Report
| Year | Revenue | Expense | PAT |
| 2021 | ₹182 | ₹193 | -₹13 |
| 2022 | ₹209 | ₹189 | ₹14 |
| 2023 | ₹291 | ₹266 | ₹23 |
Company Profile
CL Educate Ltd is a renowned educational institution that caters to learners of various age groups. With a team of highly qualified professionals, including IIT-IIM alumni, who are dedicated to providing excellent education, CL Educate Ltd has made a significant impact on the lives and careers of countless students over the past 25+ years. Over the years, the CL brand has expanded its reach and established itself as a prominent name in the education sector. It offers a wide range of educational services, including test preparation and vocational training, catering to diverse segments of the population. As of August 2021, CL Educate Ltd had 200 test-prep centers across 100 cities in India. Additionally, as part of its global expansion, the institution also operates test-prep centers in the UAE.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | einward.ris@kfinetch.com |
| Website | https:/.kosmic.kfintech.com |
Contact Details
| Name | CL Educate Buyback Limited |
| Phone number | +91-011-41281100 |
| Email ID | compliance@cleducate.com |
| Website | https://www.cleducate.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
