IPO
Explore our secure online trading, IPO bidding, mutual fund investments, and depository services, all designed to provide seamless transactions, expert insights, and real-time market access for smart investing
CL Educate Ltd
CL Educate Ltd
Registered Office : Plot No 9A Secto-27A,Mathura Road,Faridabad Haryana 121003 Phone :
Fax :
Email : compliance@cleducate.com
Website : www.cleducate.com
Initial public offering of upto 4,760,000 equity shares of face value of Rs. 10 each ("equity shares") of CL Educate Limited ("CL Educate" or "the company" or the "issuer") for cash at a price of Rs. 502 per equity share (the "offer price") aggregating to Rs. 238.95 crores (the "offer"). The offer comprises a fresh issue of 2,180,119 equity shares by the company ("fresh issue") and an offer for sale of 2,579,881 equity shares by the selling shareholders, Including 974,000 equity shares by certain of the promoters and members of the promoter group ("Offer for sale"). The Offer shall consititute 33.61% of the post offer paid-up equity share capital of the company. Face value of the equity shares is Rs. 10 each and the offer price is Rs. 502 per equity share, which is 50.2 times the face value of the equity shares.
Opens On
Closes On
20-Mar-2017
22-Mar-2017
Application
Allotment
502.00
0.00
Minimum Application for shares in Nos : 29.0 Further Multiples of : 29.0
₹Cr
Lead Managers to the Issue
Project Cost (₹.Cr)
Project Financed through Current Offer (₹.Cr)
Post Issue Equity Share Capital (₹.Cr)
Issue Price (₹.Cr)
101.06
238.95
14.16
502.00
Kotak Mahindra Capital Company Ltd
- Funding Working Capital requirement of the Company
- Pre-payment of outstanding amount of a debt
- Acquisitions and other strategic initiatives
- General corporate purposes
- Satya Narayanan R
- R Gautam Puri
- Nikhil Mahajan
- BSE
- NSE
- KFin Techologies Ltd