Company Profile
Incorporated in 1996, CL Educate Ltd is engaged in providing various educational products and services. They operates through two segments, Education and Training Programme (Including Sale of Study Material) and Vocational Training.
The Company's Education and training program (including sale of study material) segment includes coaching for higher education entrances. The Company's Vocational training segment includes specific projects undertaken (including government projects).
CL Educate offers test preparation courses and services under the Career Launcher brand, publishing and content development services under the brand GK Publications and event management, marketing support, customer engagement, and managed manpower and training services under the Kestone brand name.
They also provides integrated solutions to educational institutions and universities, including business advisory and outreach support services under the CL Media brand, as well as research incubation and support services under the brand Accendere brand. In addition, the company operates K-12 schools under the Indus World School brand name. As on September 30, 2015, they had 146 test-prep centers spread over 86 cities in India, 8 K-12 schools spread across 6 cities & 28 vocational training centers and offices.
Object of the Issue
The net proceeds of the IPO are proposed to be used as set forth below:
- Funding Working Capital requirement of the Company
- Acquisitions and other strategic initiatives;
- Pre payment of outstanding amount of a debt; and
- General corporate purposes.
Promoters of the Company
The Promoters of the Company are:
- Satya Narayanan R
- R Gautam Puri
- Nikhil Mahajan
Offer Period
Monday, 20 Mar 2017 - Wednesday, 22 Mar 2017
Price Band
Rs. 500 - Rs. 502 Per Equity Share
Face Value
Rs 10/- per equity share
Bid Lot
29 Equity Shares and in multiples thereof
Issue Size
4,760,000 Equity Shares of Rs 10 aggregating up to Rs 238.95 Cr
Listing
National Stock Exchange (NSE), Bombay Stock Exchange (BSE)
