S Chand IPO
S Chand IPO — date, price band, lot size & details 2017
S Chand listed on 9 May 2017 at ₹700, 4.5% above the ₹670 issue price.
S Chand and Company is an education content company publishing books and offering content, solutions and services for K-12, higher education and early learning. Its total income was Rs 282.25 crore in FY2016.
Stock price
S Chand is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 14 November.
- Open 26 Apr 2017
- Close 28 Apr 2017
- Allotment 04 May 2017
- Refund/credit 05 May 2017
- Listing 09 May 2017
Issue summary
The terms of the offer, as filed.
| IPO Dates | 26 to 28 Apr, 2017 |
|---|---|
| Price Band | ₹660 – ₹670 |
| Face Value | ₹5 |
| Lot Size | 22 Shares |
| Issue Size | ₹728.56 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,740 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 22 shares at the ₹670 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 22 | ₹14,740 |
| Retail (max) | 13 | 286 | ₹1,91,620 |
| S-HNI (min) | 14 | 308 | ₹2,06,360 |
| S-HNI (max) | 67 | 1,474 | ₹9,87,580 |
| B-HNI (min) | 68 | 1,496 | ₹10,02,320 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 230.03 crore in FY2014 to Rs 282.25 crore in FY2016.
- 02Profit after tax rose from Rs 7.69 crore in FY2015 to Rs 16.48 crore in FY2016.
- 03Net worth rose from Rs 290.39 crore in FY2014 to Rs 483.95 crore in FY2016.
- 04Rs 250.40 crore of the issue went to repaying loans taken for the Chhaya acquisition.
Risks · 5
- 01It made a loss of Rs 30.04 crore in the nine months to 31 December 2016, as textbook sales are seasonal.
- 02Total borrowing rose from Rs 35.92 crore in FY2014 to Rs 104.15 crore on 31 December 2016.
- 03School syllabus changes and digital learning can hit textbook sales; profit was only Rs 16.48 crore in FY2016.
- 04Rs 403.56 crore of the Rs 728.56 crore issue went to selling shareholders.
- 05Promoter holding fell from 58.33% before the issue to 46.69% after it.
Three years of numbers
All figures in ₹ crore, as reported in the S Chand offer document.
| Metric | 31 Dec 2016 | 31 Mar 2016 | 31 Mar 2015 | 31 Mar 2014 |
|---|---|---|---|---|
| Assets | 743.19 | 685.49 | 531.60 | 424.28 |
| Total Income | 92.21 | 282.25 | 235.79 | 230.03 |
| Profit After Tax | -30.04 | 16.48 | 7.69 | 10.86 |
| EBITDA | -36.51 | 38.21 | 27.87 | 27.00 |
| NET Worth | 453.63 | 483.95 | 297.88 | 290.39 |
| Reserves and Surplus | 438.76 | 483.80 | 297.66 | 290.17 |
| Total Borrowing | 104.15 | 80.52 | 101.32 | 35.92 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Where the money goes
₹559.10 Cr of the issue is earmarked to named objects.
S Chand IPO Anchor Investors
35 anchor investors across 12 fund houses committed ₹218.57 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
It develops and delivers content, solutions and services for K-12, higher education and early learning.
It publishes, prints and sells books and other literary works, and acts as agent and distributor for other publishers. It funded the acquisition of Chhaya with loans that the IPO was meant to repay.
The IPO was Rs 728.56 crore, with Rs 325.00 crore of fresh issue and Rs 403.56 crore of offer for sale, at Rs 670, the top of the Rs 660 to Rs 670 band. The fresh money was mainly for repaying loans taken to buy Chhaya.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
S Chand IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
JM Financial Ltd.
172 issues handledBest listing: Tata Technologies (+140.0%). Weakest: ACME Solar Holdings (-13.1%).
Axis Capital
255 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
Credit Suisse Securities (India) Pvt. Ltd
20 issues handledBest listing: Zomato (+52.6%). Weakest: Sterling & Wilson Solar (-9.5%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Frequently asked
What is the GMP of S Chand?
The current Grey Market Premium is ₹0.
What is the S Chand IPO price band?
₹660 to ₹670, on a face value of ₹5.
When is the allotment?
The basis of allotment is 4 May 2017, with listing on 9 May 2017.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
