About Chetana Education Limited IPO
Let’s discuss about Chetana Education Limited IPO so, Chetana Education Limited was founded in the year 2017, offers textbook for CBSE/State Board curriculum for K-12 and educational software for educational video for teachers and students using QR (Quick Response) code available.
Chetana Education has centered on the Maharashtra state board and the CBSE boards of education and offers textbooks starting from early pre-primary level education up to K-12 level courses. The company has sold over 6 million books for students of all classes; pre–primary, primary, secondary, and senior secondary classes. It employs more than 400 contract writers who participate in producing content for the company.
The company has inventory of 700 books (as on 2023) in 15 brands such as Master key, Self-study, Firefly, Bright buddies, My skill book, Grade me, QR series and many more Throughout its journey, the company has also introduced various digital products for better understanding of the concepts and utilization of the content for improvement in learning techniques. It has adopted the vertical model and has a partnership with an ed-tech company Allern Enterprises Private Limited and has created more than 30000 videos which can be activated through QR codes.
The company has distribution and sale center by January 2024 which includes 500 plus distributors and dealers along with selling team at the branch and marketing office located in India.
Important Dates of Chetana Education Limited IPO
Chetana Education Limited IPO opens on July 24, 2024, and closes on July 26, 2024.
| IPO Open Date | Wednesday, July 24, 2024 |
| IPO Close Date | Friday, July 26, 2024 |
| Basis of Allotment | Monday, July 29, 2024 |
| Initiation of Refunds | Tuesday, July 30, 2024 |
| Credit of Shares to Demat | Tuesday, July 30, 2024 |
| Listing Date | Wednesday, July 31, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 26, 2024 |
Chetana Education Limited IPO Promoter Holding
Anil Jayantilal Rambhia, Rakesh Jayantilal Rambhia & Shilpa Anil Rambhia are the Chetana Education Limited IPO company’s promoters.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 73.53% |
Financial Information of Chetana Education Limited IPO
Chetana Education Limited IPO revenue increased by 23.89% and profit after tax (PAT) rose by 75.57% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 9,475.09 | 8,315.08 | 7,605.82 | 6,825.10 |
| Revenue | 9,367.06 | 7,560.77 | 4,312.21 | 3,270.96 |
| Profit After Tax | 1,203.47 | 685.47 | 168.06 | 280.30 |
| Net Worth | 2,524.55 | 2,281.92 | 1,947.33 | 2,091.10 |
| Reserves and Surplus | 1,024.55 | |||
| Total Borrowing | 5,128.73 | 4,299.50 | 3,876.03 | 3,487.85 |
| Amount in ₹ Lakhs | ||||
Financial Performance
Revenue and Profitability
That is why the revenue of Chetana Education Limited has been steadily rising in the last couple of years due to increase in enrollment and offering more programs. Profitability ratios such as the gross, operating, and net profit margins remain quite healthy in signifying the efficient cost control and effective service provision.
Balance Sheet
The definite financial strength of the company is somewhat reasonable indebtedness and an impressive array of assets in the form of educational facilities and technologies. It is believed that the amount, which has been raised through the Chetana Education Limited IPO as the necessary capital, will improve the balance sheet through the decrease of the debt levels and increase of the liquidity.
Cash Flow
A proper management of cash flow is important in the education sector and going by the performance of Chetana Education, it has exhibited efficiency in the management of positive cash flows. This segment has been fairly steady with constant flows from tuition fees and other educational services and other products that has enable the Company to meet the operational and capital expenses with ease.
Industry Overview
Indian Education Sector
Currently, Indian education sector has a marvelous opportunity to grow further with more demand in quality education, government support and corporate valuation for skill development. The sector gives huge opportunities for the organizations such as Chetana Education because the market is still to meet the diversified educational requirements of the community.
Competitive Landscape
The target market is very saturated, currently having a lot of players in the education niche. Chetana Education operates in the market where it has to compete not only with leaders but also with new comers. The main competitive advantage factors are; The company has a good brand, it has a wide umbrella of programs and it commissions quality learning.
Regulatory Environment
The government of India friendly towards the education sector having a number of policies that help in the expansion of the sector including the development of education facilities, the participation of the private sector. But the operation of a business faces various compliance issues, which has to be sorted in order to operate effectively.
Conclusion
All in all, A new issue, Chetana Education Limited IPO seems to be one of the better IPO’s that one can look forward to investing in this year and rightly so as it offers and entry point to participate in one of the fastest growing industries – Education Industry of India. It is quite so that with well-credentialed performance indicators solid balance sheets and strategic sustainable growth initiatives the firm will be in a good position to capitalize on this demand for quality education and skill enhancement. But within the process of choosing the object for investment, potential investors should take into account the possible risks connected with the investments, and the following state of the market. to understand what is IPO Click here.
How to Apply Chetana Education Limited IPO through Zerodha?
This Step 1: Login to Zerodha Console
You need to open your browser and visit the Zerodha website: https://console.zerodha.com
Sign in with your security details: Zerodha user ID, password, and PIN to log into the account.
Step 2: Go to the work and finds for IPO section.
Visit Portfolio: After logging to your account, click on the tab ‘Portfolio’ available in left-hand side menu.
Direct to ‘IPO’: Click on ‘Portfolio’ and then click on the ‘IPOs’in blue as marked below from main menu.
Step 3: Choose the Chetana Education Limited IPO
IPO: Take List =>Click on the IPO, Find from a list “Three M Paper Boards Limited”
Click on ‘Apply’: After you select Chetana Education Limited IPO it will take to the next page where he/she needs to click (on one of Bid Details Radio button) as shown in above image and then finally at bottom after Terms & Condition, Demat No etc. Click On Apply
4. On the next screen, fill in your Application Details
UPI ID : In application form, you have to enter your UPI ID To do so make sure your UPI ID is linked to the Bank account having an equivalent asset glossed with amount payable.
Bid Details: Fill in the number of shares you want to apply for, and bid price You may opt for cut-off price and apply using the ‘Cut Off’ parameters.
Verify Your Information: Review all information entered to make sure it is accurate
Step 5: Fill out and submit the Application
Step 4:Click Submit: After entering all the mandatory details, click on submit button.
Mandate on UPI: You will receive a mandate request in your UPI app. You need to login using your mobile app and approve the mandate for blocking funds required for IPO application.
Step 6: Verify Your App
Once you have successfully validated the UPI mandate your IPO application will be submitted. 3) Check status: Where can you see the status of your application;”’goto my order ==> IPO & check in Order Book section