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CL Educate IPO Prospectus
What Are Analysts Saying?
CL Educate IPO: Looks expensive at current level; HEM Securities recommend to 'Avoid'
Hem Securities, 22 Mar 2017
Co’s financial performance doesn’t looks attractive as co’s performance ratios are not very strong. Also, co face significant competition from local or regional players in the business segments and geographical markets in which it operate.
IPO note: CL Educate Limited
Motilal Oswal, 20 Mar 2017
At the upper end of the price band of INR502, the company is available at 27.7x PE @ FY16 earnings. The return ratios (ROE, ROCE) of the company for FY16 are subpar at ~10% as compared to closest peer MT Educare with ROE of ~22% and ROCE of ~30%.
Jainam Wealth recommend 'Avoid' on the CL Educate IPO
Jainam Research, 20 Mar 2017
Jainam Research recommend 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.
Issue Details
Open Date: 20 Mar 17
Close Date: 22 Mar 17
Offer Price: Rs. 500
Issue Size: Rs. 238.95 Cr
Min Application Amount:
Rs. 14500
Min bid (No. of shares): 29
Listing Exchanges: BSE, NSE
About the Company
"Incorporated in 1996, CL Educate Ltd is engaged in providing various educational products and services. They operates through two segments, Education and Training Programme (Including Sale of Study Material) and Vocational Training.

The Company's Education and training program (including sale of study material) segment includes coaching for higher education entrances. The Company's Vocational training segment includes specific projects undertaken (including government projects)."
Objective of the Issue
"Objects of the Issue:

The object of the issue are:

1. Funding Working Capital requirement of the Company:
2. Acquisitions and other strategic initiatives;
3. Pre payment of outstanding amount of a debt; and
4. General corporate purposes."
Subscription Details
Investor Category No of times
Qualified Institutional Investor -
Non Institutional Investor -
Retail Investor -
Total -