Chetana Education Ltd. has announced public offering of 5400000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 75.00 per share. The gross proceeds of the issue are expected to be Rs 4,590.00 lakhs.

The company's initial public offer (IPO) will open on 24 July 2024 and is expected to close on 26 July 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 80.00-85.00 per share.

The IPO includes a fresh Issue of 5400000 Equity Shares of the Company at an price of Rs 85.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1600 shares with bids in multiples of 1600.

Chetana Education Ltd. anticipates using the proceeds of the issue for .

Hem Securities Ltd as lead manager & Link intime India Pvt. Ltd. is the registrar, to the issue.