CL Educate Ltd IPO (CLEL IPO) Details and Updates:
CL Educate Limited provides various educational products and services. It operates through two segments, Education and Training Programme (Including Sale of Study Material); and Vocational Training.
The company offers test preparation courses and services under the Career Launcher; publishing and content development services under the GK Publications; and event management, marketing support, customer engagement, and managed manpower and training services under the Kestone brand name, as well as various vocational training programs.
It 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.
The company operates approximately 162 test preparation and training centers in India. CL Educate Limited was incorporated in 1996 and is based in New Delhi, India.
OBJECTS OF THE ISSUE:
The Offer comprises a Fresh Issue by our Company and an Offer for Sale by the Selling Shareholders.
The Offer for Sale
Company will not receive any proceeds of the Offer for Sale by the Selling Shareholders.
The Fresh Issue
The objects of the Net Proceeds of the Fresh Issue are:
- Funding working capital requirements of Company and Subsidiaries, GKP and Kestone;
- Pre-payment of outstanding amount of a debt facility availed of by Subsidiary, CLIP;
- Acquisitions and other strategic initiatives;
- General corporate purposes.
CL Educate Ltd IPO (CLEL IPO) Details:
- Issue Open: March 20, 2017 – March 22, 2017
- Issue Type: 100% Book Built Issue IPO
- Face Value: Rs 10 Per Equity Share
- Issue Size: 4,760,000 Equity Shares of Rs 10 aggregating up to Rs 238.95 Cr
- Issue Price: Rs 500 – Rs 502 Per Equity Share (Tentative Price)
- Market Lot: 29 Shares
- Minimum Order Quantity: 29 Shares
- Listing At: NSE, BSE
* To Be Updated
BOOK RUNNING LEAD MANAGERS Of CL Educate Ltd IPO (CLEL IPO):
Kotak Mahindra Capital Company Limited
27 BKC, C-27, “G” Block Bandra Kurla Complex,
Bandra (East) Mumbai 400 051, India
Tel: +91 (22) 4336 0000 Fax: +91 (22) 6713 2447
Investor Grievance E-mail: email@example.com
REGISTRAR TO THE OFFER of CL Educate Ltd IPO (CLEL IPO):
Karvy Computershare Private Limited
Karvy Selenium Tower B Plot 31-32, Gachibowli,
Financial District Nanakramguda,
Hyderabad 500 032, Telangana, India
Tel: +91 (40) 6716 2222 / Fax: +91 (40) 2343 1551
Investor Grievance E-mail: firstname.lastname@example.org
CL Educate Ltd IPO (CLEL IPO) Draft Red Herring Prospectus (DRHP):
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