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CL Educate IPO opens for subscription from March 20

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 is coming up with an IPO for 4,760,000 Equity Shares of Rs 10 aggregating up to Rs 238.95 Cr

IPO would be open for subscription between Mar 20, 2017 and Mar 22, 2017. 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).

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 under the Kestone brand name.

They also provides integrated solutions to educational institutions and universities, including business advisory and outreach support services under the CL Media brand, as well as research incubation and support services under the brand Accendere brand. In addition, the company operates K-12 schools under the Indus World School brand name. As on September 30, 2015, they 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

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