The S Chand and Company IPO is a book-built offering worth Rs 728.56 crore. The offering consists of a fresh issue of 0.49 crore shares worth Rs 325.00 crore and an offer for sale of 0.6 crore shares worth Rs 403.56 crore. Bidding for the S Chand and Company IPO began on April 26, 2017 and closed on April 28, 2017. On Thursday, May 4, 2017, the allotment for the S Chand and Company IPO was completed. On May 9, 2017, the shares were listed on the BSE and NSE. The IPO price range for S Chand and Company is set at 660 to 670 per share. An application requires a minimum lot size of 22 Shares. Retail investors must make a minimum investment of $14,740.
S Chand And provider Limited, founded in 1970, is an education content provider in India. The company creates and provides content, solutions, and services in the K-12, higher education, and early learning segments of education. The company is involved in the publishing, printing, sale, purchase, export, and import of various books and other literary work; the agency ship and distribution of publishers for books and other literary work; the sale of educational toys; and the publication of books for children, schools, colleges, and universities, as well as the
distribution of digital content and interactive learning systems to schools and the operation of pre-schools. In addition, the company offers digital data management services and digital content books to schools and colleges, as well as solutions for higher education in colleges, universities, and technical institutes, as well as DTP printing, DTP jobs, page making, editing and proof reading, and cover designing services for books, journals, tabloids, magazines, bulletins, brochures, and periodicals in hard copy, compact discs, and e-forms.
S.chand, Vikas, Madhubun, Saraswati, Destination Success, and Ignitor are among the 53 consumer brands offered by S Chand And Company Ltd spanning knowledge products and services. In addition, the corporation exports printed and digital material to Asia, the Middle East, Africa, and other parts of the world.
S Chand and Company IPO Details
| IPO Date | April 26, 2017 to April 28, 2017 |
| Listing Date | May 9, 2017 |
| Face Value | ₹5 per share |
| Price Band | ₹660 to ₹670 per share |
| Lot Size | 22 Shares |
| Total Issue Size | 10,873,982 shares (aggregating up to ₹728.56 Cr) |
| Fresh Issue | 4,850,746 shares (aggregating up to ₹325.00 Cr) |
| Offer for Sale | 6,023,236 shares of ₹5 (aggregating up to ₹403.56 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
S Chand and Company IPO Timeline
| IPO Open Date | Wednesday, April 26, 2017 |
| IPO Close Date | Friday, April 28, 2017 |
| Basis of Allotment | Thursday, May 4, 2017 |
| Initiation of Refunds | Friday, May 5, 2017 |
| Credit of Shares to Demat | Monday, May 8, 2017 |
| Listing Date | Tuesday, May 9, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 28, 2017 |
S Chand and Company IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 22 | ₹14,740 |
| Retail (Max) | 13 | 286 | ₹191,620 |
Objects of the Issue (S Chand and Company IPO Objectives)
The object of the issue are:
- Repayment of loans availed by the Company and one of their Subsidiaries, EPHL, which were utilized towards funding the acquisition of Chhaya;
- Repayment/prepayment in full or in part, of certain loans availed of by the Company and their Subsidiaries, VPHPL and NSHPL; and
- General corporate purpose.
S Chand and Company IPO Listing Details
| Listing Date | May 9, 2017 |
| BSE Script Code | 540497 |
| NSE Symbol | SCHAND |
| ISIN | INE807K01035 |
| Final Issue Price | ₹670 per share |
S Chand and Company Listing Day Trading Information
| 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 and Company Ltd Contact Details
S Chand and Company Ltd
Ravindra Mansion,
Ramnagar,
New Delhi 110055
Phone: +91 11 4973 1800
Email: investors @schandgroup.com
Website: http://www.schandgroup.com
S Chand and Company IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in
S Chand and Company IPO FAQs
Q1. What is S Chand and Company IPO?
Ans. S Chand and Company IPO is a main-board IPO of 10,873,982 equity shares of the face value of ₹5 aggregating up to ₹728.56 Crores. The issue is priced at ₹660 to ₹670 per share. The minimum order quantity is 22 Shares. The IPO opens on April 26, 2017, and closes on April 28, 2017.
Q2. When S Chand and Company IPO will open?
Ans. The S Chand and Company IPO opens on April 26, 2017 and closes on April 28, 2017.
Q3. What is the lot size of S Chand and Company IPO?
Ans. S Chand and Company IPO lot size is 22 Shares, and the minimum amount required is ₹14,740.
Q4. When is S Chand and Company IPO listing date?
Ans. The S Chand and Company IPO listing date is on May 9, 2017.
