Chetana Education, a prominent name in K-12 educational books, is gearing up for its public market debut! The company has revealed the details of its initial public offering (IPO), with a price band set between ₹80 and ₹85 per share. This offers investors a chance to purchase shares of Chetana Education within this price range.
The IPO subscription period opens today, July 24, 2024, and continues through July 26, 2024. Investors have this three-day window to decide if they want to invest in Chetana Education’s journey as a publicly traded entity.
Key Details:
- Price Band: ₹80 – ₹85 per share
- Subscription Dates: July 24, 2024 – July 26, 2024
- Listing Exchange: NSE SME (National Stock Exchange Small and Medium Enterprise)
- Minimum Investment: ₹1.36 lakh (for a lot of 1600 shares)
What This Means for Investors
Interested investors need to purchase shares within the ₹80 to ₹85 range during the subscription window. The minimum lot size is 1600 shares, requiring an initial investment of ₹1.36 lakh.
Chetana Education excels in publishing educational books for schools under CBSE and various state boards in India. The company enhances its books with QR codes that provide access to additional learning videos. With over 700 book titles and 6 million books sold in the last financial year, Chetana Education holds a significant position in the K-12 education sector.
Next Steps
After the subscription period ends on July 26, 2024, share allotment details are anticipated to be finalized by July 29, 2024. Successful applicants will see their shares listed on the NSE SME on July 31, 2024.
This overview provides a simplified summary of the Chetana Education IPO. Investors should carry out their own research and evaluate the company’s financial health, prospects, and market conditions before investing. Seeking advice from a financial advisor for tailored investment guidance is also recommended.
