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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹45.90 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹45.90 Cr |
| Fresh Issue | ₹43.57 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹80.00-85.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | CHETANA |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead Managers | Hem Securities Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,600 shares and in multiples thereof
Established in 2017, Chetana Education Limited specializes in publishing textbooks for CBSE/State Board curriculum for the K-12 segment and educational software for educational videos for teachers and students accessible through QR (Quick Response) codes.
Chetana Education currently caters to the Maharashtra State Board and the Central Board of Secondary Education (CBSE) and covers the entire spectrum of textbooks from early pre-primary education to K-12 courses. The company has sold over 6 million books for students at various grade levels, from pre-primary to primary, secondary, and senior secondary. The company works with over 400 contract authors who contribute to the creation of content for the company.
The company has a portfolio of 700 titles (as of 2023) with 15 different brands including Master Key, Self-Study, Firefly, Bright Buddies, My Skill Book, Grade Me, QR Series, etc. The company has also developed a range of digital content to enhance students' understanding of specific subjects and harness the content for a better learning experience. The company has entered into a strategic partnership with Allern Enterprises Private Limited, an ed-tech company, and has produced over 30,000 videos that can be accessed through QR codes.
As of January 2024, the company has a distribution and sales network consisting of more than 500 distributors and dealers and a dedicated sales team working in branches and marketing offices across India.
As of March 31, 2024, the company employed 408 people.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment of certain borrowing availed by our Company, in part or full | 12.17 |
| 2 | To meet Working Capital requirements | 20.00 |
| 3 | General Corporate Purpose | 8.74 |
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 94.75 | 83.15 | 76.06 | 68.25 |
| Total Income | 93.67 | 75.61 | 43.12 | 32.71 |
| Profit After Tax | 12.03 | 6.85 | 1.68 | 2.80 |
| NET Worth | 25.25 | 22.82 | 19.47 | 20.91 |
| Reserves and Surplus | 10.25 | |||
| Total Borrowing | 51.29 | 43.00 | 38.76 | 34.88 |
| Amount in ₹ Crore | ||||
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 50.08% |
| ROCE | 26.87% |
| RoNW | 47.67% |
| PAT Margin | 12.87% |
| Price to Book Value | 5.05 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 8.02 | 5.90 |
| P/E (x) | 10.59 | 14.41 |
| Promoter Holding | 100% | 73.53% |
| Market Cap | ₹173.40 Cr. | |
