Saturday, March 11, 2017

CL Educate IPO to open on Mar 20th

CL Educate Ltd is entering in the capital market with an Initial public offering of upto 4,760,000 equity shares of face value of Rs 10 each. The offer comprises a fresh issue of 2,180,119 equity shares by the company ("fresh issue") and an offer for sale of upto 2,579,881 equity shares by the selling shareholders, Including upto 974,000 equity shares by certain of the promoters and members of the promoter group ("Offer for sale"). The price band for the issue has been fixed at Rs 500 at lower level and Rs 502 at upper level.

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 issue opens on Mar 20, 2017 and closes for subscription on Mar 22, 2017. The equity shares of the issue are proposed to be list on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).