{"id":31417,"date":"2024-07-19T12:58:18","date_gmt":"2024-07-19T07:28:18","guid":{"rendered":"https:\/\/dailynewsindia.co.in\/index.php\/2024\/07\/19\/chetana-education-ipo-to-open-on-24th-july-sets-price-band-at-rs-80-to-rs-85-per-share\/"},"modified":"2024-07-19T12:58:18","modified_gmt":"2024-07-19T07:28:18","slug":"chetana-education-ipo-to-open-on-24th-july-sets-price-band-at-rs-80-to-rs-85-per-share","status":"publish","type":"post","link":"https:\/\/dailynewsindia.co.in\/index.php\/2024\/07\/19\/chetana-education-ipo-to-open-on-24th-july-sets-price-band-at-rs-80-to-rs-85-per-share\/","title":{"rendered":"Chetana Education IPO To Open On 24th July, Sets Price Band At Rs 80 to Rs 85 Per Share"},"content":{"rendered":"
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Mumbai (Maharashtra) [India] July 19 :<\/strong> Established in 2017, Chetana Education Limited specializes in publishing textbooks for CBSE\/State Board curriculum for K-12 segment and educational software for educational videos for teachers and students accessible through QR (Quick Response) codes.\u00a0The company is poised for its initial public offering (IPO), with plans to raise INR 45.90 crores through the issuance of\u00a054\u00a0lakh new shares.<\/p>\n

For its SME Initial Public Offering (IPO),\u00a0Chetana Education Limited\u00a0has established a price band of Rs\u00a080\u00a0to Rs\u00a085\u00a0per share. The company\u2019s shares will open for subscription on\u00a0Wednesday, July 24, 2024\u00a0and closes on\u00a0Friday, July 26, 2024. These will be listed on the NSE SME, with a projected listing date of\u00a0Wednesday, July 31, 2024.<\/p>\n

Hem Securities Limited is the book running lead manager of the Chetana Education IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Chetana Education IPO is Hem Finlease.<\/p>\n

The issue proceeds will be utilized in the repayment in full or in part, of certain of the outstanding borrowings, funding to meet working capital requirements and general corporate purposes.\u00a0<\/p>\n

On\u00a0Monday, July 29, 2024, the shares for the\u00a0Chetana Education\u00a0IPO are anticipated to be allotted, and on\u00a0Tuesday, July 30, 2024, the shares will be credited to the demat account of the allottees. The IPO comprises 50% of the net issue for QIB, 35% for retail investors and 15% of the net issue for the NII segment.\u00a0<\/p>\n

Retail investors need to contribute a minimum of Rs.\u00a01.36lakh considering the minimum lot size for an application is\u00a01600 shares. For HNIs, the minimum bidding size is two lots, or\u00a03200 shares, for a total investment of Rs.\u00a02.72 lakh at the upper price band.<\/p>\n

Chetana Education Limited\u00a0reported\u00a0standalone\u00a0Revenue from operations of Rs. 93.50 crs., with PAT of Rs. 12.03 crs. In FY-24.<\/p>\n

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. During FY-23, Company has sold more than 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.<\/p>\n

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Mumbai (Maharashtra) [India] July 19 : Established in 2017, Chetana Education Limited specializes in publishing textbooks for CBSE\/State Board curriculum for K-12 segment and educational software for educational videos for teachers and students accessible through QR (Quick Response) codes.\u00a0The company is poised for its initial public offering (IPO), with plans to raise INR 45.90 crores…<\/p>\n

Read More “Chetana Education IPO To Open On 24th July, Sets Price Band At Rs 80 to Rs 85 Per Share”<\/span> »<\/a><\/p>\n","protected":false},"author":1,"featured_media":31418,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[54],"class_list":["post-31417","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/31417","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/comments?post=31417"}],"version-history":[{"count":0,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/31417\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media\/31418"}],"wp:attachment":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media?parent=31417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/categories?post=31417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/tags?post=31417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}