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Company Background

Company Background

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.
Issue Highlights
Issue opens Monday, March 20, 2017
Issue closes Wednesday, March 22, 2017
Offer Size Up to 4,760,000 Equity Shares
(Fresh Issue: 2,180,119 Equity Shares & Offer For Sale: Up to 2,579,881 Equity Shares)
Price Band Rs. 500 to Rs. 502
Bid Lot 29 Equity Shares and in Multiples thereafter
Face Value Rs.10/- per share
Listing NSE and BSE
Payment Compulsorily ASBA Mode
Registrar Karvy Computershare Private Limited

Issue Break up

Issue Size Issue Size Allocation Issue Size in Crs.
Lower Band Upper Band
QIB 50.00% 119 119.48
NIB 15.00% 35.7 35.84
Retail 35.00% 83.3 83.63
Total 100% 238 238.95
Object of the Issue
The Offer comprises a Fresh Issue by the Company and an Offer for Sale by the Selling Shareholders.
The Offer for Sale
The 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:
  1. Funding working capital requirements of the Company and its Subsidiaries, GKP and Kestone;
  2. Pre-payment of outstanding amount of a debt facility availed of by its Subsidiary, CLIP;
  3. Acquisitions and other strategic initiatives; and
  4. General corporate purposes.
Further, the Company expects that the listing of the Equity Shares will enhance its visibility and brand image among its existing and potential customers.
Retail Payment Chart
Retail Payment Chart - CL Educate Limited
No. of Shares Cut off price per share Rs.502 Total Amount (Rs.)
29 502 14,558
58 502 29,116
87 502 43,674
116 502 58,232
145 502 72,790
174 502 87,348
203 502 101,906
232 502 116,464
261 502 131,022
290 502 145,580
319 502 160,138
348 502 174,696
377 502 189254
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SEBI/ Regulatory Registration Nos.: BSE:INB/INF 010607233 NSE:INB/INF/INE 230607239. Merchant Banking: INM000010973 DP Reg: IN-DP-CDSL-28-99 DP ID - CDSL 12013200
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