Issue opens / closes on
SATYA NARAYANAN R, GAUTAM PURI, NIKHIL MAHAJAN, R. SHIVA KUMAR, SREENIVASAN .R, SUJIT BHATTACHARYYA AND BILAKES CONSULTING PRIVATE LIMITED
Diversified and integrated technology-enabled provider of education products, services.
47,60,000 equity shares
Kotak mahindra Capital Company
CL Educate focuses on diverse segments of education, and across learners of multiple age-groups. Led by a team of highly qualified professionals including IIT-IIM alumni, with a passion for excellence in education.
In the past 20 years, the CL brand has diversified and established itself as a recognized brand in education sector. We operate across a broad spectrum of segments in the education industry, including test preparation, K-12 education and vocational training.
As on September 30, 2015, CL had 146 test-prep centers spread over 86 cities in India, 8 K-12 schools spread across 6 cities & 28 vocational training centers and offices.
CL Educate offers test preparation courses and services under the Career Launcher brand, publishing and content development services under the brand GK Publications and event management, marketing support, customer engagement, and managed manpower and training services.
(Rs in crores)
Valuation and recommendations:
The offer is made around on the expanded capital, on its FY18 earnings, which is very expensive.
Avoid the IPO.