Chetana Education IPO details, Date, Price, GMP, Review

Chetana Education IPO details Today : Chetana Education IPO details Today is Open on 24 July 2024 and Close on 26 July 2024. Chetana Education IPO to Raise 5,400,000 shares (Approx ₹45.90 Cr) via IPO. The Fresh issue of 5,400,000 shares (Approx ₹45.90 Cr). 

We are a content-based company, specializing in educational book publishing for the CBSE/State Board curriculum catering to the K-12 segment. Additionally, we provide access to educational software for learning videos (for teachers and Students) accessible through QR (Quick Response) codes, backed by a comprehensive sales and distribution network.

We currently focus on serving the Maharashtra State Board and Central Board of Secondary Education (CBSE), covering the spectrum of education books from early pre-primary learning to K-12 course. We have established a portfolio of over 700 titles as of 2023 with 15 distinct brands. Some of the names in our lineup include Master Key, Self-Study, Firefly, Bright Buddies, My Skill Book, Grade Me, QR series etc.

Apart from publishing books, we are also involved in developing a range of digital content for enhanced understanding of topics for students and aim to make the content more viable for a better learning experience. We have over the years produced over 30,000 videos that can be accessed via QR codes, which could help transform traditional content into digital
formats, facilitating the students for further self-studies post school and tutorials without any additional cost. This has been achieved through a strategic partnership with Allern Enterprises Private Limited, an Edtech company.

Chetana network encompasses numerous schools, coaching classes and booksellers, supported by collaborations with different vendors in printing, paper sourcing, binding,lamination and packaging. Partnerships with over 400 contractual authors contributing to the content creation for the company.

While we have strategically opted for partnerships with printers and binders in India, our decision to remain asset-light underscores our commitment to operational agility and cost optimization and absolute focus on content development for the education sector and effective sales and distribution.

QR Code enabled books are having these codes on the cover page of the Book, basis that the student can register for the videos. Once the User scans the QR Code it takes him/her to the video mapped for the question. These QR codes are sold with the books only and not sold separately.

Chetana Education IPO Date & Price Band Details

Chetana Education IPO Market Lot Details

Object of the Issue

1. Repayment of certain borrowing availed by our Company, in part or full.
2. To meet Working Capital requirements.
3. General Corporate Purpose.

Chetana Education IPO Allotment & Listings (Details)

Chetana Education Financial Reports

Our Company Promoters

1. Anil Jayantilal Rambhia
2. Rakesh Jayantilal Rambhia
3. Shilpa Anil Rambhia

Qualitative Factors

• Focused digital and technology platform.
• Consumer focused education content player.
• Healthy position in the K-12 market.
• Established network for content development and printing.
• Widespread sales and distribution network.
• Experienced management and leadership team.

Chetana Education IPO Comparison Listed Industry Peers Group

Comparison of Accounting Ratios with Listed Peer Group Companies

• Chetana Education Limited
• S Chand and Company Limited
• Navneet Education Limited

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Chetana Education Company Contact Details

401, E-Wing, B & C Block, Trade Link,
Kamala Mill, Delisle Road, Mumbai,
Mumbai City, Maharashtra, India, 400013.
Tel.: +91-22-6245 6000
E-mail: cs@chetanaeducation.com
Website: www.chetanaeducation.com

Chetana Education Lead Manager

Hem Securities Limited
Address: 904, A Wing, Naman Midtown, Senapati Bapat
Marg, Elphinstone Road, Lower Parel, Mumbai- 400013,
Maharashtra, India
Tel No.: +91-22-4906 0000
Email: ib@hemsecurities.com
Website:www.hemsecurities.com
Contact Person: Sourabh Garg

Chetana Education IPO Registrar

Link Intime India Private Limited
Address: C-101, 247 Park, L. B. S. Marg,
Vikhroli (West), Mumbai – 400 083 Maharashtra, India
Tel. No.: +91 810 811 4949
Email: chetana.smeipo@linkintime.co.in
Website: www.linkintime.co.in
Investor Grievance Email: chetana.smeipo@linkintime.co.in
Contact Person: Shanti Gopalkrishnan