Bookbuilding IPO | ₹729 Cr | Listed at BSE, NSE | Wed, Apr 26, 2017 - Fri, Apr 28, 2017
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 per share. The lot size for an application is 22. The minimum amount of investment required by an retail is ₹14,740 (22 shares) (based on upper price). 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 Open
Wed, Apr 26, 2017
IPO Close
Fri, Apr 28, 2017
Issue Price
₹670 per share
Market Cap (Pre-IPO)
₹2,324.58 Cr
| IPO Date | 26 to 28 Apr, 2017 |
| Listed on | Tue, May 9, 2017 |
| Face Value | ₹5 per share |
| Price Band | ₹660 to ₹670 |
| Issue Price | ₹670 per share |
| Lot Size | 22 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,08,73,982 shares (agg. up to ₹729 Cr) |
| Fresh Issue | 48,50,746 shares (agg. up to ₹325 Cr) |
| Offer for Sale | 60,23,236 shares of ₹5 (agg. up to ₹404 Cr) |
| Share Holding Pre Issue | 2,98,44,496 shares |
| Share Holding Post Issue | 3,46,95,242 shares |
| BSE Script Code / NSE Symbol | 540497 / SCHAND |
| ISIN | INE807K01035 |
S.Chand & Co. IPO comprises a total issue size of 1,08,73,982 shares. Out of which, 54,36,990 (50.00%) are allocated to QIB, 16,31,098 (15.00%) allocated to NII 38,05,894 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max 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% |
Investors can bid for a minimum of 22 shares and in multiples thereof.
| 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 |
S.Chand & Co. IPO raises ₹218.57 crore from anchor investors. S.Chand & Co. IPO Anchor bid date is April 25, 2017.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Apr 25, 2017 |
| Shares Offered | 32,62,194 |
| Anchor Portion (₹ Cr.) | 218.57 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Jun 3, 2017 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Aug 2, 2017 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
The S Chand and Company IPO is subscribed 59.49 times on April 28, 2017 5:00:00 PM (Day 3). The public issue subscribed 6.07 times in the retail category, 44.27 times in the QIB category, and 204.65 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the Book Running Lead Managers (including Underwriting commission and legal counsels) | 27.40 |
| 2 | Advertising and marketing expenses | 4.30 |
| 3 | Fees payable to the Registrar to the Offer | |
| 4 | Brokerage and selling commission payable to members of the Syndicate, RTAs, Registered Brokers, CDPs and SCSBs | 0.80 |
| 5 | Processing fees to SCSBs for ASBA Applications procured by the members of the Syndicate or Registered Brokers, RTAs or CDPs and submitted with the SCSBs( | 1.80 |
| 6 | Others (listing fees, SEBI and stock exchange filing fees, book-building fees, printing and stationery charges, fees payable to bankers to the Offer, auditors fees etc.) | 10.20 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹670.00 | ₹670.00 |
| Open | ₹707.00 | ₹700.00 |
| Low | ₹658.00 | ₹658.20 |
| High | ₹707.00 | ₹700.00 |
| Last Trade | ₹675.85 | ₹676.00 |
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 ₹729 Crores. The issue is priced at ₹670 per share. The minimum order quantity is 22.
The IPO opens on Wed, Apr 26, 2017, and closes on Fri, Apr 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 Wed, Apr 26, 2017 and closes on Fri, Apr 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 Mon, May 8, 2017. Check the S.Chand & Co. IPO allotment status.
The S.Chand & Co. IPO listing date is on Tue, May 9, 2017.
