Printing and publishing firm S Chand And Company are going to hit the Dalal Street with their initial public offering soon. Many of us still remember reading books published by S Chand in school. In this write up I shall post the S Chand And Company Ltd IPO Review and shall discuss why they are going for an IPO.
Issue Date: April 26, 2017 – April 28, 2017
Offer Price: Rs 665 – Rs. 670 per equity share
Minimum Application: 22 shares
The company is looking to raise around Rs. 600 crores through this initial public offering. The company is looking to move into the digital medium right now. So the objective of the issue is to utilize the funds for working capital requirements. Also, the company is having two private investors – Everstone and IFC, who will make partial exits through this IPO.
About The Company:
S Chand And Company Ltd were founded by Padma Shri Mr Shyam Lal Gupta. Since its inception, S Chand has focussed on one goal – to deliver the best education to all learners across India. Moving into the new millennium the company has embraced new forms of teaching and learning strategically partnering with various overseas partners but remains at its core, an Indian company true to its founding principle of excellence. They have completed 7 decades of excellence and 3 generations of empowered Indians. The companies official website can be accessed HERE.
The current promoters of the company are Shri Dinesh Kumar Jhunjhnuwala, Smt Neerja Jhunjhnuwala, and Shri Himanshu Gupta.
It has been watched that despite a steady increase in turnover the companies profitability is following a sine curve always. Sources have indicated that the company is now valued at around Rs. 2500 crores.
S Chand And Company Ltd IPO Review:
Due to unstable profitability, I shall advise waiting till the last date of the issue and in case FIIs and MFs are bidding for the issue heavily then only apply for it. You can also check S Chand IPO Grey Market Premium (GMP) and Kostak Rates.