CL Educate Limited IPO
CL Educate Limited was a mainboard IPO in the Education sector, offered at ₹125–₹125.5 per share to raise ₹239 crore. The issue was subscribed 1.9× overall (QIBs 3.65×, NIIs 0.21×, retail 1.63×). It listed on 31 Mar 2017 at ₹100 and closed its first day at ₹106, a listing loss of -15.9% versus the ₹125.5 issue price. It now trades around ₹46 (-63.4% versus the issue price).
Frequently asked questions
- How many times was the CL Educate Limited IPO subscribed?
- The CL Educate Limited IPO was subscribed 1.9× overall — 3.65× in the QIB category, 0.21× among non-institutional investors, 1.63× in retail.
- What were the CL Educate Limited IPO listing gains?
- CL Educate Limited listed on 31 Mar 2017 at ₹100, closing its first day at ₹106 — a listing loss of -15.9% versus the ₹125.5 issue price.
- What were the retail allotment odds for the CL Educate Limited IPO?
- Retail was subscribed 1.63×, so a single-lot application had roughly a 61.3% chance of allotment (about 1 in 2), and allotment was finalised on 27 Mar 2017.
- What was the price band and lot size of the CL Educate Limited IPO?
- The price band was ₹125–₹125.5 per share, with a minimum lot of 29 shares (₹3,640 at the upper band).
- Who were the registrar and lead manager for the CL Educate Limited IPO?
- Karvy Computershare Private Limited was the registrar, and Kotak Mahindra Capital was the book-running lead manager.