Chetana Education Limited
ListedSMEEducation · NSE
Chetana Education Limited, founded in 2017, publishes textbooks for CBSE and Maharashtra State Board students from pre-primary to senior secondary levels. They offer 700+ book titles across 15 brands like Master Key, Self-Study, Firefly, and QR Series, with over 6 million books sold. Their books come with digital learning videos accessible via QR codes, created in partnership with Allern Enterprises Private Limited, featuring 30,000+ educational videos. The company works with 400+ contract authors to deliver high-quality content and has a strong network of 500+ distributors and dealers across India, supported by a 470-member team as of December 2023.
Price Band
₹80 – ₹85
Issue Size
₹45.90 Cr
Lot Size
1600 shares
GMP
₹25
+29.4%
Est. Listing
₹110
at current GMP
Subscribed
196.57x
overall
Open
24 Jul 2024
Close
26 Jul 2024
Allotment
29 Jul 2024
Refund
30 Jul 2024
Demat Credit
31 Jul 2024
Listing
31 Jul 2024
Last updated 12 days ago
Overall Subscription
196.57x
Total Demand
QIB Multiplier
101.22x
Institutions & Funds
NII / HNI
468.70x
High Net-Worth
Retail (RII)
134.37x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 1,025,600 | 103,806,400 | 101.22x |
| NIB | 769,600 | 360,715,200 | 468.70x |
| RETAIL | 1,795,200 | 241,228,800 | 134.37x |
| Total | 3,590,400 | 705,750,400 | 196.57x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 1,181 | 158,691 | 134.37x |
| HNIs (10L +) | 8 | 3,750 | 468.70x |
| HNIs (2-10L) | 36 | 16,873 | 468.70x |
| Total Applications | 1,225 | 179,314 | 146.38x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
About Chetana Education Limited Public Issue & Market Profile
Chetana Education Limited is bringing an initial public offering (IPO) in the Education sector with an aggregate issue size of ₹45.9 Crores. The shares are offered at a price band of ₹80 to ₹85 per equity share on NSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Bidding & Quota Instructions:
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1600 shares (approx. ₹1,36,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment Reconciliation Schedule:
Allotment reconciliation will be managed by Link Intime India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-07-31, while un-allotted funds or UPI block mandates will be released on 2024-07-30.
Frequently Asked Questions
What is Chetana Education Limited IPO GMP today?
The latest Grey Market Premium (GMP) for Chetana Education Limited IPO is ₹25 per equity share. Based on the upper price band of ₹80 to ₹85 per equity share, the estimated listing price is ₹110 (+29.4% expected listing gain).
What is the expected profit per lot for Chetana Education Limited IPO?
With a lot size of 1600 shares and current GMP of ₹25, the expected profit per application lot is approx ₹40,000 (+29.4% gain). Minimum application cost is approx ₹1,36,000.
What is the issue size and price band for Chetana Education Limited IPO?
The Chetana Education Limited IPO aggregate issue size is ₹45.9 Crores with an equity price band set at ₹80 to ₹85 per equity share. The retail lot size is 1600 shares requiring a minimum capital outlay of approx. ₹1,36,000.
How can I check Chetana Education Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 196.57x (Retail: 134.37x, QIB: 101.22x, NII: 468.70x). You can track live multiples directly on our dedicated subscription page.
Where and when will Chetana Education Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2024-07-29. Investors can verify status using PAN card or application number.
When is the listing date for Chetana Education Limited IPO?
Chetana Education Limited shares are scheduled to list on NSE on 2024-07-31.