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Chetana Education Makes a Strong Market Debut with 16.35% Premium, Shares List at ₹98.90!

Chetana Education made a strong debut on the NSE SME, opening at ₹98.90, 16.35% above the issue price of ₹85, showcasing substantial market interest in its initial public offering.

Chetana Education shares had a strong debut, opening at ₹98.90 on NSE SME, marking a 16.35% premium over the issue price of ₹85. This positive opening indicates robust market interest in the company’s stock.

Chetana Education IPO saw significant interest on Day 3 of its subscription period, with the issue being subscribed 183 times. This strong demand reflects investor confidence and enthusiasm for the company’s prospects and growth potential. 

Chetana Education Limited is a key player in K-12 educational publishing, specialising in books for CBSE and State Boards, complemented by QR-coded learning videos. In FY 2023, they sold 6 million books across 700 titles, partnering with Allern Enterprises for enhanced digital content. Chetana Education maintains a robust network involving schools, coaching classes, and booksellers, collaborating with over 400 authors and vendors for production needs.

Chetana Education Limited aims to use IPO proceeds to repay borrowings, support working capital, and cover general corporate expenses to bolster business growth, operational needs, and maintain financial health.

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