CL Educate IPO
CL Educate Limited (CLEDUCATE) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 31 March 2017.
Listed 31 Mar
Subscribed 1.90x
Listing gain -19.9%
Issue details
Price band
₹500–502
Issue price
₹502
Lot size
29 shares
Min. retail bid
₹14,558
Max. retail bid
13 lots (₹1,89,254)
Issue size
₹239 Cr
Face value
₹10
Bidding
20 Mar – 22 Mar 2017
Listing
31 Mar 2017
Retail quota
35%
Registrar
Karvy Computershare Private Limited
Listing day
Listed at
₹402
-19.9% vs issue price ₹502
Day's high
₹422
-15.9% · low ₹402 (-19.9%)
Day's close
₹422
-15.9% · traded ₹5.8 Cr
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 9,52,000 | 34,70,778 | 3.65x | |
| NII (HNI) total | 7,14,000 | 1,50,655 | 0.21x | |
| Retail | 16,66,000 | 27,13,559 | 1.63x | |
| Total | 33,32,000 | 63,34,992 | 1.90x |
Bids on NSE and BSE together, as published by NSE. Shares offered exclude the anchor portion. 36% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to CL Educate's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Precision CamshaftsJan 2016 | 2.62x | 0.73x | 2.01x | 1.91x | ₹424 Cr | -11.3% | -0.5% |
| HealthCare Global EnterprisesMar 2016 | 2.36x | 0.43x | 0.83x | 1.56x | ₹650 Cr | -3.6% | -2.8% |
| L&T Technology ServicesSep 2016 | 5.01x | 1.03x | 1.75x | 2.53x | ₹894 Cr | +7.0% | +8.3% |
| Varun BeveragesOct 2016 | 4.94x | 0.42x | 0.82x | 1.86x | ₹1,112 Cr | -3.4% | +6.0% |
| Infibeam IncorporationMar 2016 | 0.86x | 2.23x | 1.31x | 1.11x | ₹1,148 Cr | +4.9% | +8.1% |
| S.P. ApparelsAug 2016 | 2.21x | 5.10x | 1.90x | 2.66x | ₹254 Cr | +2.6% | +7.7% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Kotak Mahindra Capital Company | 83 | +20.8% | 76% |
Offer documents (NSE)
Frequently asked
What is the CL Educate IPO price band and lot size? ₹500–502 per share, with a lot of 29 shares, so the smallest retail bid is ₹14,558.
How many times has it been subscribed? 1.90x overall: QIB 3.65x, NII 0.21x, retail 1.63x.
How did it list? It opened at ₹402, -19.9% against the issue price of ₹502, and closed its first day -15.9%.
Other IPOs of 2017
Astron Paper & Board MillsFuture Supply Chain SolutionsShalbyHDFC Standard Life Insurance CompanyKhadim IndiaThe New India Assurance CompanyMahindra LogisticsReliance Nippon Life Asset Management
All 2017 IPOs →
Important: The AI listing estimates on Flash Finance are statistical estimates drawn from
how past Indian IPOs have listed. They are not a forecast of what any IPO will do, not a recommendation to apply, buy or sell,
and not investment advice. Listing prices depend on market conditions on the listing day and can differ widely from any
estimate; past patterns may not repeat. Subscription figures are as published by NSE (bids on NSE and BSE together) and can be
revised. Flash Finance is not a SEBI-registered investment adviser or research analyst. Read the issue's Red Herring
Prospectus and consult a SEBI-registered adviser before you invest.
