Incorporated in 1996, CL Educate Ltd is engaged in providing various educational products and services. They operates through two segments, Education and Training Programme (Including Sale of Study Material) and Vocational Training.
The Company’s Education and training program (including sale of study material) segment includes coaching for higher education entrances. The Company’s Vocational training segment includes specific projects undertaken (including government projects).
CL Educate offers test preparation courses and services under the Career Launcher brand, publishing and content development services under the brand GK Publications and event management, marketing support, customer engagement, and managed manpower and training services under the Kestone brand name.
They also provides integrated solutions to educational institutions and universities, including business advisory and outreach support services under the CL Media brand, as well as research incubation and support services under the brand Accendere brand. In addition, the company operates K-12 schools under the Indus World School brand name. As on September 30, 2015, they had 146 test-prep centers spread over 86 cities in India, 8 K-12 schools spread across 6 cities & 28 vocational training centers and offices.
CL Educate IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹500 to ₹502 per equity share |
| Market Lot | 29 Shares |
| Min Order Quantity | 29 Shares |
| Listing At | BSE, NSE |
| BSE Script Code | 540403 |
| NSE Symbol | CLEDUCATE |
| ISIN | INE201M01011 |
| Issue Size | Aggregating up to ₹238.95 Cr |
| Fresh Issue | Aggregating up to ₹[.] Cr |
| Offer for Sale | Aggregating up to ₹[.] Cr |
CL Educate IPO Tentative Timetable
| PARTICULAR | DATE |
| IPO Open Date | 20-Mar-17 |
| IPO Close Date | 22-Mar-17 |
| Basis of Allotment Date | 29-Mar-17 |
| IPO Listing Date | 31-Mar-17 |
CL Educate IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
| Minimum | 1 | 29 | ₹14,558 |
| Maximum | 13 | 377 | ₹189,254 |
IPO Allotment Status
Please Click Hare To Check IPO Allotment Status For CL Educate Ltd
Company Promoters:
The promoters of the company are:
- Satya Narayanan R
- R Gautam Puri
- Nikhil Mahajan
Company Financials:
| PARTICULAR | 30-Sep-16 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | 31-Mar-12 |
| Total Assets | 3852.74 | 3789.34 | 3253.44 | 1838.88 | 1782.94 | 1707.98 |
| Total Revenue | 894.46 | 1738.46 | 1558.47 | 1247.42 | 1355.23 | 1021.74 |
| Profit After Tax (PAT) | 71.34 | 49.18 | 76.59 | 23.57 | 67.43 | -53.76 |
Objects of the Issue:
The object of the issue are:
- Funding Working Capital requirement of the Company:
- Acquisitions and other strategic initiatives;
- Pre payment of outstanding amount of a debt; and
- General corporate purposes.
Registrar & Company Details
| Company Contact Information | CL Educate IPO Registrar |
| CL Educate Ltd A-41, Espire Building, Lower Grd Flr, Mohan Co-operative Industrial Area, Main Mathura Road, New Delhi – 110 044 Phone: +91-11-45070311 Email: compliance@cleducate.com Website: http://www.cleducate.com | KFintech Private Limited Selenium Building, Tower-B, Plot No 31 & 32, Financial District,Nanakramguda, Serilingampally, Rangareddi, Telangana India – 500 032. Phone: 1-800-3454001 Email: Website: https://karisma.kfintech.com/ |
