Some issues needed to be understand before taking a final call on the subscription for issue. 1. Not much barriers in the academic books publication segment. So its a all time competition and every time margins are under pressure. 2.Issue is more meant for clearing the debt and not much expansion plans. Still the promoters has not much clear about future expansion plans. I am wondering to what extent business is sustainable in the longer run. But to be certain not a greenfield stock. 3. Sensex has reached its zenith and may not be accommodate new entered stocks. S Chand promoter is not a reputed promoter like Avenue super markets. 4. Dramatic changes have been taking place in the education field segment with the entry of big players. Slowly one trend is prevailing. Institutions slowly preferring up the books published by them or written by their in house staff. In such a scenario books published by S Chand will have a second preference. In a nutshell S Chand may not have big bet for longer run. Only limited listing gains can be expected depending upon the fortunes of investors on the day of listing. If the market goes down in the week of listing it may go down. Overall it is a risk venture to taken up.
S chand IMO is worse then Coffee Day It earns low margins even with such topline. I think in next 3 to 5 years will not have books digital will be way forward. data is getting cheap and Pan india with JIO. How we have stop reading newspapers future student will stop reading books. plus the offer price is 40 PE in lay man term u paying RS 100 for Rs 2.5 income. This is how people loose money and then blame the market
future will Cloud-based Technologies in the Classroom special with shortage of teachers and infra to educated billion we do not need books we need past generation where one had to attend classes with piles of books everywhere, currently things have changed. Cloud class room is the future where i will get the best of the best teacher in the world teaching all at one time.
S chand business model is dying business
dying business signs 1. no organic growth 9 (all growth S chand has been inorganic) 2 no innovation ( printing books same books 3. NO DIFFERENTIATION 4. no employee moral ( have u seen a happy printer ) 5.poor cash flow management ( three quarters of loss )
I agree Sept a. Even I don''t like their business and won''t apply They are taking advantage of good market condition. . Only operators can play but great chance of it going down and may teach lesson to greedy. Much better chance to buy some good stocks like nbcc from secondary market rather than going for this crap.
Dear all, Let the S Chand LIST first. and please don''t write the post which supports your stand here. So many examples of contra listing in the market.
Many things may get clear by tommarrow evening.
I like eagleye work here, which posts only short notice sweet info here.
GMP crashed. ....this is what we were hoping ....Now RII thodi mehrbani karna.. ..4x ke upper subsc. Nahi jana chahiye.. ..so can others(like me) get allotment decisively. ..!!