The CL Educate Buyback date has been Recorded soon. Read the post to learn about CL Educate Buyback.
The board approved CL Educate Buyback of 15 crores of directors at the August 2, 2023 meeting. The 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 for 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.
Start your investing journey today. Find the latest information on Upcoming Buyback.
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 ].
CL Educate Buyback Overview
For its 25+ year existence, CL Educate Ltd has influenced the lives and careers of countless students. As of August 2021, they had 200 test-prep centers spread across 100 locations in India. The CL Educate Buyback price is ₹[94 per equity share ]. As part of their global development, they also run test-prep centers throughout the UAE. CL Educate Ltd is an education management company providing educational products and services. They focus on diverse education segments and cater to learners from multiple age groups. They have four verticals.
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 significantly impacted countless students’ lives and careers 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 various educational services, including test preparation
and vocational training, catering to diverse population segments. 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 | [email protected] |
| Website | https:/.kosmic.kfintech.com |
Contact Details
| Name | CL Educate Buyback Limited |
| Phone number | +91-011-41281100 |
| Email ID | [email protected] |
| Website | https://www.cleducate.com |
IPO Strengths
- 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.
CL Educate Buyback FAQs
Can you give details about your current buyback?
CL Educate had approved a buyback of its fully paid-up equity shares amount aggregating up to Rs. 15cr at a price not exceeding Rs 94. At the maximum buyback size and the maximum buyback price, the indicative maximum number of equity shares repurchased would be 15,95,744. The Company commenced the buyback on Monday, August 21, 2023, and will be closing by November 28, 2023. So far, the Company has bought Rs 2.06cr worth of shares, constituting 2,67,003 shares (as of October 4, 2023).
When is CL Educate Buyback 2023 Open Date?
CL Educate buyback 2023 open date is August 21, 2023.
What is CL Educate Buyback 2023 Price?
The company has fixed the price at ₹94 per share.
How to apply for CL Educate Buyback 2023?
As per the record date you need to have CL Educate shares in your Demat Account. You can participate in buyback after having the stock in your Account.
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