S Chand and Company Ltd IPO Message Board (Page 52)

An Infrastructure Investment Trust (InvITs) is like a mutual fund, which enables direct investment of small amounts of money from possible individual/institutional investors in infrastructure to earn a small portion of the income as return. InvITs work like mutual funds or real estate investment trusts (REITs) in features. InvITs can be treated as the modified version of REITs designed to suit the specific circumstances of the infrastructure sector.

Price seems high but gmp is 185 so should we apply or avoid??????????????

Come to egaleye mam.

https://www.dsij.in/article-details/articleid/19578/s-chand-company-ipo-analysis.aspx
Peer Comparison & Valuation

S Chand & Company is valued at an upper price band of Rs 670 with P/E of 39.20x and EPS of Rs 17.09. The company has only one listed peer, i.e. Navneet Industries Limited which is valued at P/E of 25x with EPS of Rs 4.34 and delivered RoNW of 17.73%. Navneet’s consolidated revenue has grown at a CAGR 11.62% and PAT has grown at a CAGR 8.28%.

As we can see from the financials, the additional growth for the company is at the cost of margins. Margins have been eroding due to higher paper prices and also inability to pass on the cost of customers. Prices in paper industry are soaring up which is affecting EBITDA and PAT margins adversely. As compared to its peer, Navneet Industries, S Chand & Co is lacking in innovation of latest technology through digitization. As dependence on digital media is growing, S Chand & Co which has limited presence in digital space will see contained growth. Also, Navneet Industries has stationery segment as a growing market whereas S Chand & Co is lacking behind in this segment. The education sector currently is growing at a stable rate and competition is intense. In the long run, we expect the company may give returns of about ~10% to its investors which is not so promising. Looking at margins pressure, lower growth prospects and high valuation, we recommend our investors to avoid subscribing to this IPO.

May I know the reason for such an unconditional love for Navneet? To me Navneet ain''t cheap either. Fine, it is the closest peer but it doesn''t mean that we will value both neck-to-neck. Navneet is relatively cheap in some parameters but not in some others.

Actually it growth prospects is also good big upside is on card given it has streamlined its distribution network also demerger talks and NIL debt. Also priced at reasonable multiples.

BTW THAT ARTICLE WAS FROM SOMEONE ELSE I HAVE POSTED THE SOURCE OF THE ARTICLE

kya kisi ke bank of baroda netbanking ASBA me S Chand IPO show ho rha hai kys subscribe karne k liye? mere ASBA me option nahi aa rha..

premium 200 210 costek 525 550

Dont spread rumours.....
As expected 185 seller only

The pricing of the IPO is pretty aggressive. This has lot to do with current bullish market. Inspite of it or because of it there is reported to be an attractive grey market premium. While there are no issues with regard to the management or financial fundamentals of the company, the IPO pricing is the scary part. Inspite of marquee investors like Evertone, IFC etc there is a chance of traded price of the share later on may be at or below par of IPO price.Investors need to be cautious. One does not relish losing ones capital for possible listing gain.

Actually sheela even Grey market got it wrong. Premium was around 20 however it gave 300 plus on list. PLus had no peers to compare

We are going to have these discussions every-time when company like this come up with highly priced offer price irrespective of the facts that listings of companies like Sheela Foam defied everybody wrong. That''s the beauty of the market!

S chand

Premium : 185-188
Kostak : 550-590

Good opportunity to sell right now... May not last till evening when anchor investors list will pop

We can expect domestic mutual funds anchoring this IPO

I find only positive side about this IPO :
LM is AXIS ( ex-enam )

S. CHAND = जो लोग रु. १३० प्रीमियम की बात कर रहे है वो ये CALCULATION देख ले
IPO प्राइस = RS. ६७० + १३० प्रीमियम = रु. ८०० ( रू. ५ की FACE VALUE )
यानि की रू. १० FACE VALUE के हिसाब से रू. १६०० रेट होता है.
TAKE CARE एंड AVOID थिस शेयर

रू. १० फेस वैल्यू का RELIANCE IND . का भाव भी अभी रू. १४४० चल रहा है.

You seems to do not understand even the ABCD of Stock market.
You forgot to include number of equity shares of both companies in your calculation.

. CHAND = जो लोग रु. १३० प्रीमियम की बात कर रहे है वो ये CALCULATION देख ले
IPO प्राइस = RS. ६७० + १३० प्रीमियम = रु. ८०० ( रू. ५ की FACE VALUE )
यानि की रू. १० FACE VALUE के हिसाब से रू. १६०० रेट होता है.
TAKE CARE एंड AVOID थिस शेयर

रू. १० फेस वैल्यू का RELIANCE IND . का भाव भी अभी रू. १४४० चल रहा है.

S.CHAND.
GRAY MARKET RATE RS. 400 PER APPLICATION.

Who buy in IPO form ahmedabad borkers???? I want to sell

Any one can share view on IRB InvIt offer?

Hi Septa, any views on HCC ?

NEW DELHI: As many as three firms -- Cochin Shipyard, Prataap Snacks and Tejas Networks -- have received markets regulator Sebi''s approval to raise an estimated over Rs 2,300 crore through initial public offerings.

The three companies had filed their draft red herring prospectus (DRHP) with Sebi between September and March and received ''observations'' from the regulator during April 13-21, which is very necessary for any company to launch public offer, as per the latest update.

Cochin Shipyard, Prataap Snacks, Tejas get Sebi go-ahead for IPO

NEW DELHI: As many as three firms -- Cochin Shipyard, Prataap Snacks and Tejas Networks -- have received markets regulator Sebi''s approval to raise an estimated over Rs 2,300 crore through initial public offerings.

The three companies had filed their draft red herring prospectus (DRHP) with Sebi between September and March and received ''observations'' from the regulator during April 13-21, which is very necessary for any company to launch public offer, as per the latest update.

My advice is to Avoid s Chand IPO. The company is in ruins internally. Its a family run enterprise and big governance issues.

I need help from septa, eagleye nd all other person
I have dmart share at 792/- rs 150 share.
Hold or sell.
Plz give me good suggestions

Average it

Average below 620...wont come easily but destined to come

For information purpose only.

ICICI Direct : Subscribe

The standalone multiple on FY16 basis looks expensive at 50x. However, accounting for the Chhaya merger, adjusted P/E appears at 34x FY16. Completion of Chhaya acquisition would further strengthen S Chand’s leadership position in the K-12 segment, which would enable it to post 15% revenue CAGR in the near term. We have a SUBSCRIBE recommendation on the issue on the back of growth prospects.

GEPL Capital : Subscribe

S Chand & Company Ltd (SCHAND) stands to gain from operating leverage. At a P/E of 35xs of FY16 EPS. We believe that SCHAND. demands a discount to its domestic peers. We assign a Subscribe rating to the IPO.

LKP Research : Subscribe

We believe that its 7 decade legacy, leadership in K-12 education content market, strong margin & growth prospects have been captured well at the valuations of Rs 660-670 per share where the scrip would trade at 39XFY16 earnings. We recommend a SUBSCRIBE on the S Chand IPO for listing gains.

Angel Broking : Subscribe

considering the company’s leadership position in K-12 market, strong brand recall and pan India reach along with higher revenue/PAT growth (revenue/PAT grew at a CAGR of 33%/36% over FY2012-16 v/s 11%/7.5% of Navneet), we believe that SCCL is rightly placed for further growth. Thus, we recommend a SUBSCRIBE on the issue.

DSIJ.in : Avoid

In the long run, we expect the company may give returns of about ~10% to its investors which is not so promising. Looking at margins pressure, lower growth prospects and high valuation, we recommend our investors to avoid subscribing to this IPO.

Prabhudas Liladhar: However, considering strong parentage, branded portfolio, professional management, reducing debt profile post IPO, good growth opportunity & limited listed opportunities to play the Publishing segment, recommend 'Subscribe' with a long term objective.

When ICICI DIRECT says subscribe then it means DON''T SUBSCRIBE!!!!
On 13th October 2015 they gave the same ''Subscribe'' call for CCD ipo and rest is history. You can always go to ipo dash board page of CCD and see it on page no 11.Post no:81
It is our hard earn money let no broker house having their own vested interest persuade us with their honey coated words.
Only"SEPTA'''' firmly advised us against CCD.

Anyone tell me
S chand and zota ipo ? For investment

Thx in advace

CHAND SAHIB TO AASAMAAN MEIN TARAA DIKHA RAHA HAI AUR HUM SAB ULOO HAME BANNANA RAHAI HAI

Actually Consolidated loss for 9 months is not 30 Crs it actually close to 90 crs yap that is pages 66 RHP (PLS DOWNLOAD AND READ) plus if it was not for increase in inventory the loss would have been worse by another 70 crs making the loss to 160 crs ( normally inventory increase is around 25 crs for the whole year however for some reason nine months ended inventory increase is close to 70 Cr.

This balance sheet is very weak serious u need to ask why would you pay such high premium for 90 crs loss making company for 9 months ended which in fact would be worse by another 45 Crs of inventory adjustment making a loss of 135 crs for 9 months ended

This is worse then i thought i thought say to make a profit of 70 crs for the whole year the last quarter they need to make a profit of 90crs plus 70 Crs

THAT IS IT NEEDS TO MAKE 150 crs FROM 3 MONTHS WHICH IMO IS JUST BIG PIE IN THE SKY

AVOID

CL Educate which was at least better valuation which was also part of education sector where it got listed below issue price recently. IMO one should be cautious and stay away from such IPOs.

I am at least putting financial data to back my argument why I am avoiding this IPO. Just be careful of those who say it good IPO with much financial arguments

SChand IPO Oversubscription

Current Market Estimates:

Category-wise:

1X Net QIB = 145.71Crs – assuming applications of 12.5KCrs. = 86X oversubscription

1X NII = 109.28Crs – assuming applications of 25KCrs. = 229X oversubscription

1X RII = 172,995 Forms – assuming 11L forms. = 6.36X oversubscription (applic-wise)
i.e. average 3.46 shares per form

U not analysing this company in totality
70 year old conapny
Clear dominance in its segment
Don''t know even a single kid passing 12 without using S chand book
It''s pricing power
Its content library

Valuation of so many unknown unbranded fragile businesses have gone wild so u need to anchor ur expectation of valuation according to MKT.

Nidhike what to analyse 90cr loss for 9 months even if make 150 cr NP for the last quarter still have a PE CLOse 40 70 years is alright but 90 crashes loss is not fine

ALSO LISS MAKING IPO HAVE LISTED AT DISCOUNT