IPO: S Chand and Company Limited

S chand ipo

ISSUE PERIOD : 26-Apr-2017 to 28-Apr-2017

PRICE RANGE: Rs 660 to Rs 670

             S. Chand Group is one of India's oldest and largest publishing and education services enterprise, founded in 1939 and based in New Delhi.

The publishing house prints books for primary as well as higher education like Engineering, Commerce etc. S. Chand publishers were the first in India to get ISO 9001:2000 certification. Books of this publishing house are distributed across India and South Asia, South-East Asia, Middle East and Africa.

The company operates from 110 offices and branches and employs a workforce of over 2000 employees. In 2013, Forbes India named it as the fastest growing player in the education sector, and the group claims to sell 15000 titles amongst 20 million students spread across 40,000 schools and educational institutes.

Source: Wikipedia

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Issue Period 26-Apr-2017 to 28-Apr-2017
Post issue Modification Period 29-Apr-2017 and 02-May-2017 (between 10.00 a.m. to 1.00 p.m. only)
Issue Size Initial Public offer of Fresh issue of Upto Rs 3,250 Million and offer for sale Upto 6,023,236 Equity Shares (including anchor portion of 3,262,194 Equity Shares)
Issue Type 100% Book Building
Price Range Rs 660 to Rs 670
Face Value Rs 5
Tick Size Re 1
Bid Lot 22 Equity Shares and in multiples thereof
Minimum Order Quantity 22 Equity Shares
Maximum Subscription Amount for Retail Investor Rs. 2,00,000
Maximum Bid Quantity 7,685,282 Equity Shares (in multiples of 22 equity shares and calculated at the lower end of the price band of Rs. 660/-)
IPO Market Timings 10.00 a.m. to 5.00 p.m.
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
Categories FI, IC, MF, FII, OTH, CO, IND, NOH
Name of the Registrar Link Intime India Private Limited
Address of the Registrar C-101, 1st Floor, 247 Park, L.B.S. Marg,Vikhroli (West), Mumbai - 400 083
Contact person name number and Email id Ms. Shanti Gopalkrishnan, +91 22 4918 6200, schand.ipo@linkintime.co.in

Source: NSE

Promoters of the company:

1. Mr. Dinesh Kumar Jhunjhnuwala
2. Ms. Neerja Jhunjhnuwala
3. Mr. Himanshu Gupta


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