S Chand IPO – Invest
After the stellar IPOs of BSE, D Mart & Shankar BuildPro, the unabated launch of IPOs still continues! The latest IPO on the block is S Chand.
S Chand IPO – Invest in this Education Content Company
The company is India’s leading educational content developer and provider for K-12, higher education and early learning segments. Company is involved in publishing, printing, sale, purchase, export, and import of various books and other literary work.
The company has recorded a 47% topline CAGR over FY12-16 in its largest K-12 segment with EBITDA margins in the range of 22-24%.
GreenEdge Wealth Services View
At the upper price band of Rs. 670 per share, it will trade at ~39x on FY16 earnings. Though not cheap, we recommend to subscribe to the IPO as the educational sector provides huge growth opportunities, company is a leader in CBSE curriculum (17% market share) and enjoys a good brand recall. You can subscribe to the IPO for around 15% listing gains. However, given the huge demand for the IPO, there is a small probability of you getting an allotment.
Issue Details – S Chand
| Issue Open Date | 26th April, 2017, Wed |
| Issue Close Date | 28th April, 2017, Fri |
| Issue Price (Rs.) | 660 to 670 |
| Market Lot | 22 (Retail investors should apply for 1 lot i.e. 22 shares only) |
| Minimum Application Size for Retail (Rs.) | 14,740/- |