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IPO Synopsis

Chetana Education Ltd
Initial public offer of 54,00,000* equity shares of face value of Rs. 10/- each (the "Equity Shares") of Chetana Education Limited ("The Company" or "The Issuer" or "CEL") at an issue price of Rs. 85 per equity share for cash, aggregating up to Rs. 45.90 crores ("Public Issue") out of which 2,73,600 equity shares of face value of Rs. 10 each, at an issue price of Rs. 85 per equity share for cash, aggregating Rs. 2.33 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 51,26,400 equity shares of face value of Rs. 10 each, at an issue price of Rs. 85 per equity share for cash, aggregating upto Rs. 43.57 crores is here in after referred to as the "Net Issue". The public issue and net issue will constitute 26.47% and 25.13% respectively of the post-issue paid-up equity share capital of the company. *Subject to finalization of basis of allotment. The face value of the equity shares is Rs. 10/- each. The issue price is 8.50 times with the face value of the equity shares.
Issue
Opens On Closes On
24-Jul-24 26-Jul-24
Money Payable On
Application Allotment
85.00 0.00
Minimum Application for shares in Nos : 1600 Further Multiples of : 1600
(.Cr) Lead Managers to the Issue
Project Cost (.Cr) 40.91 Hem Securities Ltd
Project Financed through Current Offer (.Cr) 45.90  
Post Issue Equity Share Capital (.Cr) 20.40
Issue Price () 85.00
Projects
Repayment of certain borrowings availed by the company in part or full
To meet working capital requirements
General corporate purposes
Promoted By
Anil Jayantilal Rambhia
Rakesh Jayantilal Rambhia
Shilpa & Anil Rambhia
Listing At
NSE - SME
Registrar to the Issue
No Data Available
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