CL Educate IPO
CL Educate IPO — date, price band, lot size & details 2017
CL Educate listed on 31 Mar 2017 at ₹402, 19.9% below the ₹502 issue price.
CL Educate provides education and training, including coaching for higher education entrance exams and study material, plus vocational training. Its total income was Rs 173.85 crore in FY2016.
Stock price
CL Educate is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 14 November.
- Open 20 Mar 2017
- Close 22 Mar 2017
- Allotment 29 Mar 2017
- Refund/credit 29 Mar 2017
- Listing 31 Mar 2017
Issue summary
The terms of the offer, as filed.
| IPO Dates | 20 to 22 Mar, 2017 |
|---|---|
| Price Band | ₹500 – ₹502 |
| Face Value | ₹10 |
| Lot Size | 29 Shares |
| Issue Size | ₹238.95 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 14,558 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 29 shares at the ₹502 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 29 | ₹14,558 |
| Retail (max) | 13 | 377 | ₹1,89,254 |
| S-HNI (min) | 14 | 406 | ₹2,03,812 |
| S-HNI (max) | 68 | 1,972 | ₹9,89,944 |
| B-HNI (min) | 69 | 2,001 | ₹10,04,502 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 124.74 crore in FY2014 to Rs 173.85 crore in FY2016.
- 02Net worth rose from Rs 113.29 crore in FY2014 to Rs 267.56 crore on 30 September 2016.
- 03Total borrowing was low at Rs 29.82 crore on 30 September 2016.
- 04Profit after tax was Rs 7.13 crore in six months to September 2016, above the full FY2016 figure.
Risks · 5
- 01Profit after tax fell from Rs 7.66 crore in FY2015 to Rs 4.92 crore in FY2016.
- 02Profit was only Rs 4.92 crore on income of Rs 173.85 crore in FY2016.
- 03Rs 129.51 crore of the Rs 238.95 crore issue went to selling shareholders.
- 04Coaching faces competition and changing exam formats; Rs 20.00 crore was set aside for acquisitions.
- 05Promoter holding fell from 64.72% before the issue to 47.88% after it.
Three years of numbers
All figures in ₹ crore, as reported in the CL Educate offer document.
| Metric | 30 Sep 2016 | 31 Mar 2016 | 31 Mar 2015 | 31 Mar 2014 |
|---|---|---|---|---|
| Assets | 385.27 | 378.93 | 325.34 | 183.89 |
| Total Income | 89.45 | 173.85 | 155.85 | 124.74 |
| Profit After Tax | 7.13 | 4.92 | 7.66 | 2.36 |
| NET Worth | 267.56 | 259.79 | 239.30 | 113.29 |
| Reserves and Surplus | 255.62 | 247.85 | 227.66 | 103.37 |
| Total Borrowing | 29.82 | 37.64 | 28.15 | 25.95 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Where the money goes
₹101.06 Cr of the issue is earmarked to named objects.
CL Educate IPO Anchor Investors
17 anchor investors across 8 fund houses committed ₹71.68 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
It works in two segments: education and training programmes, including sale of study material, and vocational training.
Its education segment includes coaching for higher education entrance exams.
The IPO was Rs 238.95 crore, with Rs 109.44 crore of fresh issue and Rs 129.51 crore of offer for sale, at Rs 502, the top of the Rs 500 to Rs 502 band. The fresh money was for working capital of the company and subsidiaries, repaying a subsidiary loan and acquisitions.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
CL Educate IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Kotak Mahindra Capital Company Limited
204 issues handledBest listing: Premier Energies (+120.0%). Weakest: Puravankara Projects (-22.5%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of CL Educate?
The current Grey Market Premium is ₹0.
What is the CL Educate IPO price band?
₹500 to ₹502, on a face value of ₹10.
When is the allotment?
The basis of allotment is 29 March 2017, with listing on 31 March 2017.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
