CL Educate debuted at Rs 398.00 on the BSE, down by 104 points or 20.72% from its issue price of Rs 502.
The scrip is currently trading at Rs 417.90, down by 84.10 points or 16.75% from its issue price. It has touched a high and low of Rs 417.90 and Rs 398.00 respectively. So far 31,000 shares were traded on the counter.
The offering, which was open for subscription between March 20 and March 22, was subscribed 1.90 times. The issue price was fixed at Rs 502 per share i.e. at upper end of price band of Rs 500-502 apiece.
CL Educate is one of Asia’s leading edu-corporates, with focus on diverse segments of education, and across learners of multiple age-groups. Led by a team of IIT-IIM alumni, with a passion for excellence in education, the company has shaped the lives and careers of lakhs of students in the eighteen years of its existence.