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S.Chand & Co. IPO is a book build issue of ₹728.56 crores. The issue is a combination of fresh issue of 0.49 crore shares aggregating to ₹325.00 crores and offer for sale of 0.60 crore shares aggregating to ₹403.56 crores.
S.Chand & Co. IPO bidding started from Apr 26, 2017 and ended on Apr 28, 2017. The allotment for S.Chand & Co. IPO was finalized on May 4, 2017. The shares got listed on BSE, NSE on May 9, 2017.
S.Chand & Co. IPO price band is set at ₹670.00 per share . The lot size for an application is 22. The minimum amount of investment required by an retail is ₹14,520 (22 shares). The lot size investment for sNII is 14 lots (308 shares), amounting to ₹2,06,360, and for bNII, it is 68 lots (1,496 shares), amounting to ₹10,02,320.
Axis Bank Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to S.Chand & Co. IPO RHP for detailed Information.
| IPO Date | April 26, 2017 to April 28, 2017 |
| Listing Date | May 9, 2017 |
| Face Value | ₹5 per share |
| Issue Price Band | ₹660 to ₹670 per share |
| Issue Price Final | ₹670 per share |
| Lot Size | 22 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,08,73,982 shares (aggregating up to ₹728.56 Cr) |
| Fresh Issue | 48,50,746 shares (aggregating up to ₹325.00 Cr) |
| Offer for Sale | 60,23,236 shares of ₹5 (aggregating up to ₹403.56 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 2,98,44,496 shares |
| Share Holding Post Issue | 3,46,95,242 shares |
S Chand and Company IPO offers total 1,08,73,982 shares. Out of which 54,36,990 (50.00%) allocated to QIB, 21,74,796 (20.00%) allocated to QIB, 16,31,098 (15.00%) allocated to NII, 38,05,894 (35.00%) allocated to RII and 32,62,194 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 54,36,990 (50.00%) | NA |
| − Anchor Investor Shares Offered | 32,62,194 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 21,74,796 (20.00%) | NA |
| NII (HNI) Shares Offered | 16,31,098 (15.00%) | NA |
| Retail Shares Offered | 38,05,894 (35.00%) | 1,72,995 |
| Total Shares Offered | 1,08,73,982 (100.00%) |
S.Chand & Co. IPO opens on April 26, 2017, and closes on April 28, 2017.
| IPO Open Date | Wed, Apr 26, 2017 |
| IPO Close Date | Fri, Apr 28, 2017 |
| Tentative Allotment | Thu, May 4, 2017 |
| Initiation of Refunds | Fri, May 5, 2017 |
| Credit of Shares to Demat | Mon, May 8, 2017 |
| Tentative Listing Date | Tue, May 9, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Apr 28, 2017 |
Investors can bid for a minimum of 22 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Incorporated in 1970, S Chand And Company Limited operates as an education content company in India. The company develops and delivers content, solutions, and services in the education K-12, higher education, and early learning segments.
Company is involved in publishing, printing, sale, purchase, export, and import of various books and other literary work; agency ship and distribution of publishers for books and other literary work; selling of educational toys; and publishing books for children, schools, colleges, and universities, as well as digital content and interactive learning systems to schools and running pre-schools.
The company also provides digital data management services and digital content books to schools and colleges; solutions for higher education in colleges, universities, and technical institutes; and DTP printing, DTP jobs, page making, editing and proof reading, and cover designing services of books, journals, tabloids, magazines, bulletins, brochures, and periodicals in the form of hard copy, compact disks, and e-forms. S Chand And Company Ltd offers 53 consumer brands across knowledge products and services including S.chand, Vikas, Madhubun, Saraswati, Destination Success and Ignitor. The company also exports its printed and digital content to Asia, the Middle East, Africa, and internationally.
| Particulars | For the year/period ended (in Rs. Million) | |||||
|---|---|---|---|---|---|---|
| 31-Dec-16 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | 31-Mar-12 | |
| Total Assets | 7,431.94 | 6,854.89 | 5,315.98 | 4,242.82 | 3,988.05 | 2,076.88 |
| Total Revenue | 922.12 | 2,822.53 | 2,357.88 | 2,300.32 | 1,921.72 | 1,713.21 |
| Profit After Tax (PAT) | (300.39) | 164.80 | 76.85 | 108.62 | 71.65 | 88.53 |
The Company S.Chand & Co. IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Repayment of loans availed by our Company and one of our Subsidiaries, EPHL, which were utilized towards funding the acquisition of Chhaya | 150.40 |
| 2 | Repayment of loans availed by our Company which was utilized towards funding the acquisition of Chhaya | 100.00 |
| 3 | Repayment of loans availed by Eurasia Publishing House Private Limited, one of our Subsidiaries, which was utilized towards funding the acquisition of Chhaya | 50.40 |
| 4 | Repayment/ prepayment, in full or in part, of certain loans availed of by our Company and certain of our Subsidiaries, VPHPL and NSHPL | 104.60 |
| 5 | Repayment/ prepayment, in full or in part, of certain loans availed of by our Company | 55.00 |
| 6 | Repayment/ prepayment, in full or in part, of certain loans availed of by certain of our Subsidiaries, VPHPL and NSHPL | 49.60 |
| 7 | General corporate purposes | 49.10 |
[Dilip Davda] Considering the pricing aspect and the seasonality of the business, risk savvy cash surplus investors may consider moderate investment for long term. (Other) Read detail review...
| Listing Date | May 9, 2017 |
| BSE Script Code | 540497 |
| NSE Symbol | SCHAND |
| ISIN | INE807K01035 |
| Final Issue Price | ₹670 per share |
| BSE Listing Group | B |
S.Chand & Co.Ltd.
Ravindra Mansion,
Ramnagar,
New Delhi 110055
New Delhi, New Delhi
Phone: +91 11 4973 1800
Email: investors @schandgroup.com
Website: http://www.schandgroup.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: schand.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
S.Chand & Co. IPO is a main-board IPO of 1,08,73,982 equity shares of the face value of ₹5 aggregating up to ₹728.56 Crores. The issue is priced at ₹670 per share. The minimum order quantity is 22.
The IPO opens on April 26, 2017, and closes on April 28, 2017.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in S.Chand & Co. IPO using UPI as a payment gateway. Zerodha customers can apply in S.Chand & Co. IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in S.Chand & Co. IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The S.Chand & Co. IPO opens on April 26, 2017 and closes on April 28, 2017.
S.Chand & Co. IPO lot size is 22, and the minimum amount required for application is ₹14,740.
You can apply in S.Chand & Co. IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for S.Chand & Co. IPO will be done on Thursday, May 4, 2017, and the allotted shares will be credited to your demat account by Monday, May 8, 2017. Check the S.Chand & Co. IPO allotment status.
The S.Chand & Co. IPO listing date is on Tuesday, May 9, 2017.
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