IPO Details
Bidding Dates
24 Jul 24 - 26 Jul 24
Price Range ₹
80 - 85
Total Equity
₹ 45.90Cr
Lot Size
1600
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
24 Jul 2024
Offer end
26 Jul 2024
Allotment
29 Jul 2024
Refund initiation
30 Jul 2024
Demat transfer
30 Jul 2024
Listing
31 Jul 2024
Offer start
24 Jul 2024
Offer end
26 Jul 2024
Allotment
29 Jul 2024
Refund initiation
30 Jul 2024
Demat transfer
30 Jul 2024
Listing
31 Jul 2024
About Company
Established in 2017, Chetana Education Limited specializes in publishing textbooks for the CBSE and State Board curriculum for the K-12 segment, as well as educational software featuring educational videos for teachers and students, accessible via QR (Quick Response) codes. Chetana Education caters to the Maharashtra State Board and the Central Board of Secondary Education (CBSE), covering the entire spectrum of textbooks from early pre-primary education to K-12 courses. The company has sold over 6 million books to students across various grade levels, from pre-primary to primary, secondary, and senior secondary. They collaborate with over 400 contract authors who contribute content creation for the company. The company boasts a portfolio of 700 titles (as of 2023) across 15 different brands, including Master Key, Self-Study, Firefly, Bright Buddies, My Skill Book, Grade Me, and QR Series, among others. Additionally, Chetana Education has developed a range of digital content to enhance students' understanding of specific subjects and improve the learning experience. In a strategic partnership with Allern Enterprises Private Limited, an ed-tech company, the company has produced over 30,000 videos accessible through QR codes. As of January 2024, Chetana Education's distribution and sales network includes more than 500 distributors and dealers, supported by a dedicated sales team operating from branches and marketing offices across India. As of March 31, 2024, the company employed 408 individuals.
Year Founded
21-01-2024
Promotor Details
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 100 | 73.53 |
| Share Capital | 15000000 | 15000000 |
Offer to Public
54,00,000.00 Cr
Project Details
- To meet Working Capital requirements - 200cr
- Repayment of certain borrowing availed by our Company, in part or full - 121.7cr
Objectives
- Repayment of certain borrowing availed by our Company, in part or full.To meet Working Capital requirements.General Corporate Purpose.
Highlights
- Chetana Education Limited has developed a strong digital and technology platform, including educational software and over 30,000 videos accessible via QR codes. This focus on digital content enhances students' learning experiences and positions the company well in the evolving educational landscape.
- The company is dedicated to creating education content that caters to the needs of students and teachers. With a portfolio of 700 titles across 15 different brands, Chetana Education offers comprehensive and tailored content for the K-12 segment, ensuring relevance and effectiveness.
- Chetana Education holds a healthy position in the K-12 market, serving both the Maharashtra State Board and the Central Board of Secondary Education (CBSE). The company has sold over 6 million books, demonstrating its significant market reach and acceptance.
- The company collaborates with over 400 contract authors for content creation and has an established network for content development and printing. This robust infrastructure supports the production of high-quality educational materials.
- Chetana Education has a widespread sales and distribution network, consisting of more than 500 distributors and dealers, supported by a dedicated sales team across branches and marketing offices in India. This extensive network ensures effective reach and availability of their products.
Challenges
- The company's business is closely tied to the academic cycle, making it somewhat cyclical. As a result, revenue and profitability may vary significantly from one period to another, making financial comparisons challenging across different timeframes.
- The company's products are subject to changes in examination patterns, syllabi, and customer preferences. Failure to adapt to these changes could negatively impact the company's business. The contents of the books and the authors who draft these materials are crucial to the business. Losing any key authors could adversely affect operations, cash flows, and financial condition.
- The company generates a significant portion of its revenue from the Maharashtra Board and CBSE. Any adverse developments affecting these operations could negatively impact the company's revenue and overall results.
- The company's business and results of operations are vulnerable to general economic conditions, changes in educational policies, and modifications to syllabi and curriculum standards. These factors could have an adverse effect on the company's performance.
- The company relies on third-party vendors for printing and publishing needs. Any disruptions in the operations of these third parties, or failure to obtain high-quality printing services in a timely manner, could adversely affect the company's business. Additionally, the company operates in markets dependent on IT systems and technological advancements. Failure to keep systems and technologies updated, along with the impact of digital evolution and open-sourced content, could adversely affect the business.
