S Chand and Company a leading text book publisher company set to launch its initial public offering (IPO). The offer is scheduled to open on April 26 and close on April 28, with a price band of Rs 660–670 per shares.

The IPO would comprise of fresh issuance of shares worth Rs 325 crore. Existing shareholders will offload 6,023,236 shares in an offer for sale (OFS). At the upper end of the price band, the public issue is expected to fetch Rs 728.55 crore.

JM Financial Institutional Securities, Axis Capital and Credit Suisse Securities (India) Pvt Ltd are the merchant bankers to the offer.

Company Overview:
S Chand and Company deliver content, solutions and services across the education lifecycle through our presence in three business segments – Early Learning, K-12 and Higher Education. We have a strong foothold in the CBSE/ICSE affiliated schools, with increasing presence in the state board affiliated schools across India.

S Chand have a pan India distribution and sales network which have provided us with deep market reach, consisting in excess of 5,600 distributors and dealers and in-house sales team of over 690 professionals working from 58 branches and marketing offices.

S Chand sell content in 29 states and 7 union territories. Also export its print content to 19 countries and our digital content to 5 countries in Asia, the Middle East, Africa and other parts of the world.

Company Key People:
1. Mr. Desh Raj Dogra ( Chairman & Independent Director)
2. Mr. Himanshu Gupta (Managing Director)
3. Mr. Dinesh Kumar Jhunjhnuwala (Executive Director)

Company Financials:

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


S Chand IPO Issue Detail:

Symbol : SCHAND
Face Value : Rs 5
Issuer Open : The issue opens on 26-Apr-2017 and closes on 28-Apr-2017
IPO Market Timings : 10.00 a.m. to 5.00 p.m.
Post issue Modification Period : 29-Apr-2017 and 02-May-2017 (between 10.00 a.m. to 1.00 p.m. only)
Price band : Rs 660 to Rs 670 per equity share
Lot size : 22 Equity Shares and in multiples thereof
Minimum Order Quantity : 22 Equity Shares
Maximum Subscription Amount for Retail Investor : Rs. 2,00,000
Issue Size : Initial Public offer of Fresh issue of Upto Rs 3,250 Million and offer for sale Upto 6,023,236 Equity Shares
Mode of payment : ASBA is mandatory (cheque will not be accepted)
Book Running Lead Managers : JM Financial Institutional Securities Limited, Axis Capital Limited and Credit Suisse Securities (India) Private Limited
Syndicate Member : JM Financial Services Limited
Name of the Registrar : Link Intime India Private Limited
Listing : Proposed to be listed on the Bombay Stock Exchange and the National Stock Exchange


e-Forms: S Chand IPO e-form link