IPO DETAILS : CL Educate Ltd.
A-41, Espire Building, Lower Ground Floor, Mohan Co-operative Industrial Area, New Delhi, Delhi - 110044
Phone: 41281100 Fax: 41281110

Public Issue of 4760000 Equity Shares of Rs 10.00 each for Cash at a Premium of Rs 492.00 per share.

Issue Open DateIssue Closing DateApplication MoneyAllotment Money
20/03/201722/03/2017502.00 -
Lead Managers Registrar Listed at
KOTAK MAHINDRA CAPITAL COMPANY LIMITED
KARVY COMPUTERSHARE PRIVATE LIMITED
Karvy Selenium Tower B, Plot No 31-32, Gachibowli, Financial Dist
,
Hyderabad, Telangana - 500032
Phone: 67162222 Fax: 23431551
BSE
NSE
Object of the issue

The Offer comprises a Fresh Issue by the Company and an Offer for Sale by the Selling Shareholders.

The Offer for Sale

The Company will not receive any proceeds of the Offer for Sale by the Selling Shareholders.

The Fresh Issue

The objects of the Net Proceeds of the Fresh Issue are:

1. Funding working capital requirements of the Company and the Subsidiaries, GKP and Kestone,
2. Pre-payment of outstanding amount of a debt facility availed of by the Subsidiary, CLIP,
3. Acquisitions and other strategic initiatives,
4. General corporate purposes.




Promoted by

The Promoters of the Companys are :

1. Mr. R Satya Narayanan
2. Mr. Gautam Puri
3. Mr. Nikhil Mahajan
4. Mr. R Shiva Kumar
5. Mr. R Sreenivasan
6. Mr. Sujit Bhattacharyya
7. M/s. Bilakes Consulting Pvt. Ltd.


1. Mr. R Satya Narayanan : Satya Narayanan .R, aged 46 years, is the Chairman and Executive Director. He holds a bachelor’s degree in computer sciences from St. Stephen’s College, University of Delhi and a post graduate diploma in management from the Indian Institute of Management, Bangalore. He has over 19 years of experience in the education sector. He has been a Director on the Board since incorporation and was last re-appointed as an Executive Director of
the Company with effect from April 1, 2014 for a period of three years, which term has been further extended for
period of three years with effect from April 1, 2017. He has completed the program ‘human interaction laboratory’
from the NTL Institute for Applied Behavitheal Sciences and has received various awards, including the Karamveer Puraskar in 2009-10 by iCONGO and the Most Promising Entrepreneur Award in the Asia Pacific Entrepreneurship Awards 2009.


Driving License Number : DL-0320100163729 

2. Mr. Gautam Puri : Gautam Puri, aged 52 years, is the Vice Chairman and Managing Director. He holds a bachelor’s degree in chemical engineering from Punjab Engineering College, Chandigarh and a post graduate diploma in management administration from the Indian Institute of Management, Bangalore. He has over 19 years of experience in the education sector. He has been a Director on the Board since incorporation and was last re-appointed as the Vice
Chairman and Managing Director with effect from April 1, 2014 for a period of three years, which term has been further extended for period of three years with effect from April 1, 2017.


Voter’s Identification Number : NEC1437169
Driving License Number : DL-0320150496706


3. Mr. Nikhil Mahajan : Nikhil Mahajan, aged 45 years, is the Executive Director and Chief Financial Officer. He holds a bachelor’s degree in electrical engineering from Benaras Hindu University, Varanasi and a post graduate diploma in
management administration from the Indian Institute of Management, Bangalore. He has over 18 years of experience in the field of finance and the education sector. He joined the Board on October 12, 2001 and for a period of three years, which term has been further extended for period of three years with effect from April 1, 2017.


Voter’s Identification Number : YSN0170811
Driving License Number : 6916/F/2005


4. Mr. R Shiva Kumar : R. Shiva Kumar aged 45 years, is the Chief Academic Officer of the CL group and is also on the board of directors of CL Media and CLEIS.

Driving License Number : KA5020100004782


5. Mr. R Sreenivasan : Sreenivasan .R, aged 50 years, is the Chief Customer Officer of the CL group and is on the board of directors of CLEIS.

Driving License Number : UT – 3067/623-29/6/98

6. Mr. Sujit Bhattacharyya : Sujit Bhattacharyya, 50 years, is the Chief Digital Officer of the CL group and is on the board of directors of CLEIS and CLIP.

Voter’s Identification Number : NWD1196674
Driving License Number : DL-0320100157052


7. M/s. Bilakes Consulting Pvt. Ltd. : Bilakes was incorporated on August 21, 1996 as “Bilakes Exports Private Limited”, a private limited company registered under the Companies Act 1956 with the RoC. Subsequently upon change in name to “Bilakes Consulting Private Limited”, Bilakes was granted a fresh certificate of incorporation on July 21, 2008. Bilakes is primarily engaged in the business of acting as an advisor and business consultant and engaging in the
dissemination of information in all aspects of business, organization and industry in manufacturing, trading and service including education and information technology sectors and its registered office is situated at R-90, first floor, Greater Kailash – 1, New Delhi 110 048, India. Its corporate identification number is U51102DL1996PTC081329.