As of July 23, 2024, Chetana Education IPO has a ₹11 as Grey Market Premium, with a price range of ₹80 to ₹85 per share. Offering lots of 1600 shares, the subscription window is open from July 24 to July 26, 2024.
Chetana Education Limited IPO GMP Today
The Grey Market Premium (GMP) for Chetana Education Limited is ₹11 as of July 23, 2024. This assessment coincides with a price of ₹80 to ₹85 per share for the IPO.
Chetana Education Limited IPO Review
Chetana Education Limited’s financial analysis shows a robust increase in revenue, growing from ₹4,309.05 lakhs in March 2022 to ₹9,350.55 lakhs by March 2024. Profitability and EPS have also seen significant growth, with the profit after tax rising to ₹1,203.47 lakhs and EPS reaching ₹8.02.
However, the company faced challenges with a rising debt-equity ratio and a decreased inventory turnover ratio, indicating potential inefficiencies in inventory management. Despite this, assets and equity have expanded, suggesting growth and the current ratio has improved, enhancing liquidity.
To get a full IPO review, click here Chetana Education IPO
Chetana Education Limited IPO Date
Chetana Education Limited will start accepting subscriptions from July 24, 2024, to July 26, 2024.
Chetana Education Limited IPO Price
Chetana Education Limited’s price range is ₹80 to ₹85 per share with a face value of ₹10 each.
Chetana Education Limited
Chetana Education Limited excels in publishing K-12 educational books for CBSE and State Boards, boasting over 700 titles and 6 million sales in FY 2023. Partnering with Allern Enterprises for digital enhancements, it collaborates with 400+ authors and maintains a vast network of schools and distributors. The company prioritises operational efficiency and direct marketing to educational stakeholders.
How To Apply For Chetana Education Ltd IPO?
To apply for the Chetana Education IPO through Alice Blue, follow these steps:
1. Open a Demat and Trading Account with Alice Blue if you don’t have one.
2. Access IPO details for Chetana Education on the Alice Blue platform.
3. Place your bid for the desired number of shares within the IPO’s price range.
4. Confirm your information and submit your application quickly.
You can apply for the Chetana Education IPO at Alice Blue in just a few clicks!