S Chand which prepared Educational solutions, has miserably failed in IPO test. Listing has disappointed one and all and could not cross even Rs. 707.
As on Date & Time ……………………QIB …….. NII……… RII ………. Total
Shares Offered ……………………..2211544 1642122 3831618…….7685284
Day 1 – April 26, 2017 05:00 pm .0.6000 .. 0.2267…. 0.5966…. 0.5168
Day 2 – April 27, 2017 04:00 pm 2.6811 .. 0.3169…. 2.2440…. 1.9604
Day 3 – April 28, 2017 04:00 pm 44.26.. .. …204.65…. 5.27.. …. 59.09
Issue Opens on: 26 April 2017
Issue Closes on: 28 April 2017
Issue Type: Book Built Issue IPO
Issue Size: 1,11,95,650 Equity Shares
Fresh Issue of [.] Equity Shares of Rs 5 aggregating up to Rs 300.00 Cr
Offer for Sale of 6,023,236 Equity Shares of Rs 5 aggregating up to Rs [.] Cr
Face Value: Rs 5 per Equity Share
Issue Price: Rs.660 – Rs.670 per Equity Share
Market Lot: 22 shares
Listing At: NSE, BSE
25th April – Anchor Investors
26th April – Offer Opens
28th April – Offer Closes
01st May – Market Holiday for Maharashtra Day
04th May – Finalisation of Basis of Allotment
05th May – Unblocking of ASBA
08th May – Credit to Demat Accounts
09th May – Listing on NSE & BSE
About the Industry:
India is one of the fastest growing economies in the world.
The education sector has been a key beneficiary of India’s economic growth and favorable demographic profile,The Right to Education Act (RTE Act) is one of the hallmarks of the Government of India’s policy which emphasizes the need to implement educational initiatives that leads to increased enrollment ration across all education segments in the coming years. (Detailed note on Educational sector is given at Page-Bottom-Box)
About the Company:
S Chand is a leading Indian education content company in terms of revenue from operations in Fiscal 2016. (Source: Nielsen Research Report). It delivers content, solutions and services across the education lifecycle through its K- 12, higher education and early learning segments.
Content creation Team:
It has a contractual relationship with at least 1,958 authors (including co-authors) for over five years as on March 31, 2016. Additionally, Chhaya has contractual relationships with at least 24 authors (including co-authors) for over five years as on March 31, 2016.
Wide Distribution network:
As of June 30, 2016, its distribution and sales network consisted of 4,907 distributors and dealers, and had an in-house sales team of 697 professionals working from 58 branches and marketing offices across India.
What is the significance of this Company ?
Since the establishment of its predecessor S. Chand & Co. over seventy years ago, its operations cover the entire student lifecycle: early learning, K-12, and higher education. Over the last few years, it has focused on improving its digital offerings in each of the business segments.
Main Objects of the IPO:
a)Repayment of loans availed by the Company and one of their Subsidiaries, EPHL
b)Repayment/prepayment in full or in part, of certain loans availed of by the Company and its 2 Subsidiaries
In Fiscal 2016, it sold 2,920 titles and over 2.86 million books in our college and university/technical and professional business. College and university/technical and professional contributed to 13.09% of its consolidated operating revenue in Fiscal 2016, amounting to ¹ 703.81 million. From Fiscal 2012 to Fiscal 2016, its college and university/technical and professional consolidated operating revenue grew at a CAGR of 8.43%.
(1) The consolidated restated revenues grew at a CAGR of 32.64% over the past five Fiscal years from ¹ 1,746.44 million in Fiscal 2012 to ¹ 5,406.27 million in Fiscal 2016;
(2) The consolidated restated EBITDA grew at a CAGR of 47.47% over the past five Fiscal years from ¹ 271.07 million in Fiscal 2012 to ¹ 1,282.16 million in Fiscal 2016.
(3) The consolidated restated profit after tax and before minority interest grew at a CAGR of 33.48% over the past five Fiscal years from ¹ 146.91 million in Fiscal 2012 to ¹ 466.42 million in Fiscal 2016;
GMP Trend Report
On 08 May 2017 at 5.00pm GMP Rs. 90
On 05 May 2017 @ 11.00am : GMP Rs. 130-132
On 04 May 2017 @ 11.00am : GMP Rs. 132-134
On 02 May 2017 @ 03.00pm : GMP up to Rs. 132-134
On 28 April 2017 @ 06.00pm : GMP up to Rs. 125 & kostak Rs. 400
on 27 April 2017 @ 08.00pm : GMP Rs. 90-95 & kostak Rs. 300 but NO Trades
on 27 April 2017 @ 04.00pm : GMP Rs. 100-105 & kostak Rs. 300 but NO Trades
on 25 April 2017 @ 06.00pm : GMP Rs. 188-190 & kostak trades at Rs. 550-575.
on 24 April 2017 @ 11.00am : GMP Rs. 190-195 & kostak trades at Rs. 525-550
on 22 April 2017 @ 11.00am : GMP Rs. 180-182 & kostak trades at Rs. 550-575
on 21 April 2017 @ 11.00am : GMP Rs. 175-180 & kostak trades at Rs. 500.
on 20 April 2017 @ 10.00am : GMP Rs. 150-155 & kostak trades at Rs. 475-575
on 18April 2017 @ 11.00am : GMP Rs. 185-190 & kostak trades at Rs. 525-575
on 17April 2017 @ 11.00am : GMP Rs. 185-190 & kostak trades at Rs. 525-575
on 15April 2017 @ 05.00pm : GMP Rs. 125 & kostak trades at Rs. 450.Volumn improves
on 13April 2017 @ 11.00am : GMP Rs. 90 & kostak trades at Rs. 450.Volumn improves