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Jainam Wealth recommend 'Avoid' on the CL Educate IPO -
Jainam Wealth recommend 'Avoid' on the CL Educate IPO
Jainam Research | Published: 20 Mar, 2017  | Source :

We at Jainam Wealth recommend our investors to “AVOID” to the CL Educate Ltd. IPO considering high competitive industry, dependence on test prep business which contribute 53.32% revenue, subsidiary of company not meet up with compliance of SEBI, granted unsecured loans to other companies & other parties and also available at valuation of 28x at P/E at upper price band.

Price Band Rs.500 - 502. Issue open on 20th March and close to 22nd March. Market Lot 29 Shares.


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Jainam Research was incorporated in 2003 with the vision to be the most preferred organization providing all financial services across the country. The foundation is on "Value" Systems - "Value" addition to Corporate, Retails and HNI Individuals through superior Wealth Creation Practices.


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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor accept any liability whatsoever arising from the use of any of the above contents.