Day 1: 16.30 Total Issue Size 76,85,284 Total Bids Received 25,13,060 Total Bids Received at Cut-off Price 16,02,348 No. of times issue is subscribed 0.33
Better to invest in Navneet then S Chand....Navneet has more fundamental points than S Chand and also available at cheaper rate 170 Rs......Avoid S Chand IPO...many more come in next month
Eagleeye is neutral to buy, Septa is Avoid, anandk is neutral to buy, gamble is neutral to buy, Nidhike is buy, chitra is cautious, khemka is neutral to buy, gupa is opposite of septa
Rest all are confused.....hope so this analysis will help you....all the best...
Krishna Karwa (Money control Research advice) "We suggest the investors to avoid the issue for the time being and wait for a better re-entry opportunity in the secondary market"
Let''s not forget what happened with CL educate which was listed last month. It is also related to education business. Plus low and seasonal profit margins. I will choose to wait for the listing day.
i find still some are finding s chand ATTRACTIVE..though students wont stop buying s chand products but here concern is VALUATION...remember ICICI PRU...main reason for that kind of listing is VALUATION.earlier thought of 270-275 ( from memory) ...& stock made ground from that level & rallied upto 400+...
It’s pertinent to note that most of the growth came from acquisitions.The company had to dilute equity twice during FY16 and FY13 by a large amount in order to repay debt. The company is doing this once again through this IPO.
some argue familiar brand ........WE WERE ALSO FAMILIAR WITH KFA
its year on year sales growth and wide geographical presence along with other acquisitions makes it one of the strong company in education sector which in itself is growing at faster pace. i think it is good bet for investmen
As per me one shd apply for S Chand as S chand name is synonymous with educational books also the management has kept the company relevant over the years and it has created a niche for itself.
Education as a sector will continue to grow with company focused on the segment is well poised benefit. other good part is that it has geographical presence in all regions.