The Chetana Education IPO is a book-built issue worth ₹45.90 crores, consisting entirely of fresh shares totaling 54 lakh. Subscription for the IPO opens on July 24, 2024, closing on July 26, 2024. The allotment process is expected to conclude on Monday, July 29, 2024. Once listed, the IPO will trade on the NSE SME, with a tentative listing date set for Wednesday, July 31, 2024.
Investors can participate by bidding for a minimum of 1600 shares. The price band for each share is ₹80 to ₹85. Retail investors need a minimum investment of ₹136,000, while high-net-worth individuals (HNIs) must invest in 2 lots (3,200 shares), amounting to ₹272,000.
Hem Securities Limited serves as the book running lead manager, and Link Intime India Private Ltd acts as the registrar for this IPO.
The Chetana Education IPO belongs to the education sector.
Chetana Education IPO Details:
| Company Name | Chetana Education Limited |
| Sector | Education |
| IPO Type | SME |
| IPO Open date | 24th July 2024 |
| IPO Close date | 26th July 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Chetana Education IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 1600 | 1,36,000 |
| HNI (Min) | 2 | 3200 | 2,72,000 |
Chetana Education IPO Timeline:
| IPO Open Date | 24th July 2024 |
| IPO Close Date | 26th July 2024 |
| Basis of Allotment | 29th July 2024 |
| Refund Initiation Date | 30th July 2024 |
| Shares Credit to Demat | 30th July 2024 |
| Listing Date | 31st July 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Chetana Education’s financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Education industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Chetana Education and be a part of its growth. We will update our verdict once the IPO application window opens
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
