CL Educate IPO subscription status
DSIJ Intelligence / 21 Mar 2017
The retail individual investors bid for 82,708 shares out of the total number of 16,66,000 shares offered as on Tuesday, March 21, 2017. The company had issued 4,760,000 equity shares of Rs 10 valuing at Rs 238.95 crore approximately.
CL Educate, the parent company of the test preparation brand Career Launcher opened its IPO on March 20, 2017, concluding on March 22, 2017. The IPO set at a price band of Rs 500 - Rs 502 per share.
The qualified institutional buyers bid for 5,97,487 shares out of the total number of 9,52,000 shares offered. The domestic financial institutions bid for 2,98,787 shares, while, the mutual funds bid for 2,98,700 shares out of the total shares offered.
Whereas, the retail individual investors bid for 82,708 shares out of the total number of 16,66,000 shares offered as on Tuesday, March 21, 2017.
The company had issued 4,760,000 equity shares of Rs 10 valuing at Rs 238.95 crore approximately.
The Delhi-based company has carved a positive growth trajectory with 14 per cent increase in CAGR over FY13-16. The company has also increased its efficiency by decreasing its operational cost by 7-8 per cent in the last six months, with an increase in its net worth too.
However, the company's EBITDA has declined by 200 bps in FY16.
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