S Chand and Company Ltd IPO Message Board (Page 53)

Does Axis bank allow 5 application in ASBA through net banking ? Thx in advance

Yes axis Bank allowed.

Thank you Purshottam.

I am going to read the RHP again and find out why market like this high price IPO so much that it will be oversubscribed 100 times

Where is egleye?
Latest gmp?

Even if it list in premium, then also avoid it......why to list in loss making company......such a expensive valuation......instead apply in sme ipo of zota......

List in discount 200%....this premium of 170 rs is just to lurr inocent retail investor to get trap in it....do not even sell in grey.....brokers will trap u.....some broker of delhi playing in grey are not genuine......seems like discount 15% downside..

Apply Or Avoid ?

Dilip Davda (SEBI registered Research Analyst-Mumbai), a freelance journalist for more than 25 years had tried to understand company''s claims for over 75 per cent revenue coming in last quarter as stated on page 440 and 441 of RHP. When asked by him for giving breakup of turnovers for the nine months ended on December 2013, 2014 and 2015, management declined to share the info. HENCE, I MAY NOT SUBSCRIBE. IF ANY BODY CAN CONVINCE ME TO SUBSCRIBE, I MAY.

Can you pl share the link of the said article.

@Mohnish, In chittorgarh.''s main page for S Chand, there is link for reviews after IPO timelines as

S Chand and Company Ltd IPO review by Dilip Davda

This message has been removed by a moderator.

Dear Market Khabri.....

I don''t advise anything....I write what I will do...baki apna demaag use kar....

Hudco Ka koi GMP nahi hai, tumhe 50 percent premium kya SABKI market se Mila...
Pehle IPO aane do phir baad Karo....

Par main Hudco forum mein nahi rahoonga....Jan mein Hudco mein apply nahi karoonga to forum mein timepass bhi nahi karoonga....

Pundit I mean Khabri khudh kuch research Karo phir doosro Ka majak udao....

S chand ipo me invest kar sakte hai kya?

No industry like oriental paper on moneycontrol

S Chand is a company which has been in market for more than 7 decades. That does show management''s focus in their business and they are also future ready in terms of digital content.

Good Company coming at wrong time with high price range. They might have come for IPO 10 years before.

S CHAND IPO

GMP- 172-175
APP- 525

S Chand commands 25% premium in grey market
Business Standard24 Apr 2017
The ~728-crore initial public offering (IPO) of education venture S Chand and Company could do well if grey market premiums are anything to go by. According to market players, shares of the company are commanding premium of 22-25 per cent in the grey market. S Chand, the first IPO of the financial year 2017-18, is entering the market after stellar success of Avenue Supermarts and Shankara Building Products IPOs launched in March. S Chand is seeking valuations of about 36 times its FY17 estimated earnings at issue price of ~660 to ~670 apiece.

eagleeye one can apply in both categories as nii &rii in any ipo as you have said you are going to apply in both categories .

No you cannot apply in both categories with same PAN. Both your application will be rejected. IMO what eagleye meant that she has multiple accounts with different PAN( family and friends)

Navneet also has a higher Return on Net Worth (RONW) of 20.3% in FY2016 as compared to S Chand’s 7.8%. Navneet is Available at 25 PE and S Chand 40 PE


I was watching S Chand IPO roadshow which my friend had forward. When about 9 months loss and latest TO.
the management mention 75% of sales happens in last quarter so we can assume the total topline will be 600 Crs plus Chhaya Prakashani max 150 Crs give it a total TO 750 Crs maximum Since margin are different S chand margin was around 8% to 11% so average 9%

meaning 600 Cr 9% 54 Cr and Chhaya 150 Cr at 22% margin meaning 33 Cr

so NP for 2017 max would be 54+33 = 87 Crs even with so bullish estimate i still get a PE of 27 when Naveent is available at 24 PE at 10% discount

From all scenario this IPO you need to Avoid

have look at review could not post it here it says avoid

Last 5 years the topline grew at a CAGR of 57% which shows the inherent strength the company possesses.

Sonali all that growth has also diluted the equity hence RONW has halfed in same period which is inherent weakness in this stock

The company is not a startup. It is an organization of more than seven decades which have grown organically and inorganically. The management is focused in their business and they are also future ready in terms of digital content.

S Chand is the largest textbooks publisher in India catering to the CBSE/ICSE K‐12
market having strong Pan‐India footprint. It has created/acquired brands over the
years and has been successful in increasing its school bag content share in
CBSE/ICSE schools. Its strategy of acquiring niche players like Vikas/Madhuban to
fill the product gaps in Hindi titles and Saraswati brand to bolster content strength
in French & languages has contributed to growth significantly. S Chand has spent
~Rs4.5bn (Rs3.4bn goodwill) over the past 4 years in acquiring companies and then
gradually scales them up. We feel this strategy to grow by aggregating is a crucial
aspect for anyone who wishes to grow in the Indian Publishing market. The IPO
consists of Rs3.25bn fresh issue and Rs4bn OFS from Everstone Capital/Promoters
valuing the business at a Market Cap of Rs23bn implying an EV/EBIDTA of
16.4xFY17E which seems fully priced. 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.

Dear All,

Please do not think all IPOs are good. Do your analysis, workout and then apply.
Lot of greedy promoters make use of greedy investors. It is a myth that all IPOs are fairly priced.

To me it is very costly. Our ultimate aim is to make profit. Whether it should be through S Chand or not have to be decided by individuals.

Regards
Ranga

Ranga sir

Do you have a method to analyse? Pls lt me know how to do it exactly? Please put your method as step by step points.

The role of this forum should provide us not only with profits, but educating others so that we can analyse. Pls spread the education. Thanks in advance

S Chand - Share capital as on 10/04/2016 - 403304 shares of FV 5 amounting to Rs.2016520/- On 29/04/2016 issued Bonus Shares 73:1 and the Capital increased to 14.92 Cr. Bonus constitutes 98.65% of the pre issue capital. Cost per share of original Equity 132.14 per share against the issue price of 660 to 670. If the QIB and HNI response is robust then Retail can consider applying. R Thiagarajan CHENNAI