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Chetana Education Ltd

Registered Office : 401 E-Wing B&C Block TradeLink,Kamala Mill Delisle Road,Mumbai Maharashtra 400013 Phone : +91-22-6245 6000
Fax :

Email : cs@chetanaeducation.com

Website : www.chetanaeducation.com

Initial public offer of 54,00,000* equity shares of face value of Rs. 10/- each (the "Equity Shares") of Chetana Education Limited ("The Company" or "The Issuer" or "CEL") at an issue price of Rs. 85 per equity share for cash, aggregating up to Rs. 45.90 crores ("Public Issue") out of which 2,73,600 equity shares of face value of Rs. 10 each, at an issue price of Rs. 85 per equity share for cash, aggregating Rs. 2.33 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 51,26,400 equity shares of face value of Rs. 10 each, at an issue price of Rs. 85 per equity share for cash, aggregating upto Rs. 43.57 crores is here in after referred to as the "Net Issue". The public issue and net issue will constitute 26.47% and 25.13% respectively of the post-issue paid-up equity share capital of the company. *Subject to finalization of basis of allotment. The face value of the equity shares is Rs. 10/- each. The issue price is 8.50 times with the face value of the equity shares.

Issue

Opens On

Closes On

24-Jul-2024

26-Jul-2024

Money Payable On

Application

Allotment

85.00

0.00

Minimum Application for shares in Nos : 1600.0 Further Multiples of : 1600.0

₹Cr

Lead Managers to the Issue

Project Cost (₹.Cr)

Project Financed through Current Offer (₹.Cr)

Post Issue Equity Share Capital (₹.Cr)

Issue Price (₹.Cr)

40.91

45.90

20.40

85.00

Hem Securities Ltd

Projects

Repayment of certain borrowings availed by the company in part or full

To meet working capital requirements

General corporate purposes

Promoted By

Anil Jayantilal Rambhia

Rakesh Jayantilal Rambhia

Shilpa & Anil Rambhia

Listing At

NSE - SME

Registrar to the Issue

MUFG Intime India Pvt Ltd