S Chand and Company IPO fully subscribed
DSIJ Intelligence / 27 Apr 2017
The text book publisher, S Chand and Company, has come up with a Rs 728.5 crore public issue, and the issue is fully subscribed on the second day of subscription on Thursday.
On the second day, the IPO issue for S Chand received bids for 1.06 crore equity shares against the total issue size of 76.85 lakh shares, as per NSE data.
The text book publisher, S Chand and Company, has come up with a Rs 728.5 crore public issue, and the issue is fully subscribed on the second day of subscription on Thursday. The issue is oversubscribed by 1.43 times.
The qualified institutional buyers' (QIBs') reserve portion was subscribed 2.68 times, even as the retail investors portion was oversubcribed by 1.14 times. The non-institutional portion has received 24 per cent subscription. The issue will be closing on April 28.
Via 15 anchor investors, S Chand has already raised Rs 219 crore at higher end of price band of Rs 660-670 per share.
The initial offer includes fresh issue of equity shares upto Rs 325 crore; and offer for sale of upto 60.23 lakh shares by Everstone Capital.
The book running lead managers for the issue are JM Financial Institutional Securities, Axis Capital and Credit Suisse Securities (India).
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.