Three things to know about S Chand before applying to IPO
DSIJ Intelligence / 26 Apr 2017
One of the leading Indian academic content producing company, S Chand and Company Limited, is going to raise funds through fresh issue of equity shares, aggregating
One of the leading Indian academic content producing company, S Chand and Company Limited, is going to raise funds through fresh issue of equity shares, aggregating
The price band is fixed at Rs 660-670 per share with face value of each share pegged at Rs 5 per share. The IPO issue is going to open on April 26, 2017, and will close on April 28, 2017.
Here are the three things to know about S Chand before applying to the IPO issue:
1) The company’s promoters currently hold 58.3% in the company, and post the IPO issue, their shareholdings will decline to 46.7%. Out of the total funds raised through the way of IPO, around 70% would be used for repaying loans.
2) The company delivers content, solutions and services across the education lifecycle, through its K-12, higher education and early learning segments. It is the leading K-12 education content company in terms of revenue from operations in fiscal 2016, according to Nielsen, with a strong presence in the CBSE/ICSE affiliated schools, and increasing presence in the state board affiliated schools across India.
3) The company’s recent financial performance is highlighted by the results of operations provided below.
(1) Our consolidated restated revenues grew at a CAGR of 32.64% over the past five Fiscal years, from Rs 1,746.44 million in Fiscal 2012 to Rs 5,406.27 million in Fiscal 2016.
(2) Our consolidated restated EBITDA grew at a CAGR of 47.47% over the past five Fiscal years from Rs 271.07 million in Fiscal 2012 to Rs 1,282.16 million in Fiscal 2016.
(3) Our consolidated restated profit after tax and before minority interest grew at a CAGR of 33.48% over the past five Fiscal years from Rs 146.91 million in Fiscal 2012 to Rs 466.42 million in Fiscal 2016.
(4) S Chand's consolidated revenues stood at Rs 1,286.23 million and Rs 705.74 million; and consolidated profit after tax was Rs 302.35 million and Rs 115.31 million respectively, in each of Fiscal 2016 and Fiscal 2015.
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