S Chand and Company to make debut on bourses on Tuesday
The issue had received bids for 45.72 crore shares, which was 59.49 times the issue size.
By ETMarkets.com | Updated:
NEW DELHI: S Chand and Company, which received a stellar response to its initial public offering ( IPO) between April 26 and 28, is all set to debut on the stock exchanges on Tuesday.
The issue had received bids for 45.72 crore shares, which was 59.49 times the issue size. The quota limit for qualified institutional buyers (QIBs) was subscribed 44.27 times, that for non-institutional investors 204.65 times and retail individual investors (RIIs) 6.07 times. Besides, the company had raised Rs 219 crore from 15 anchor investors by selling 32.62 lakh shares.
The company reported a 33.48 per cent compounded annual growth rate (CAGR) in consolidated profit after tax and before minority interest at Rs 46.64 crore in FY16 compared with Rs 14.69 crore in FY12.
Consolidated revenues for the firm has grown at a CAGR of 32.64 per cent during the same period to Rs 540.62 crore in FY16 from Rs 174.64 crore in FY12. Ebitda for the five-year period grew 47.47 per cent to Rs 128.21 crore.
The company plans to repay term loans availed earlier by it and one of its subsidiaries, EPHL, which was utilised to fund Chhaya acquisition. A total of Rs 152 crore of the fresh issue will be utilised for this.
The issue had received bids for 45.72 crore shares, which was 59.49 times the issue size. The quota limit for qualified institutional buyers (QIBs) was subscribed 44.27 times, that for non-institutional investors 204.65 times and retail individual investors (RIIs) 6.07 times. Besides, the company had raised Rs 219 crore from 15 anchor investors by selling 32.62 lakh shares.
The company reported a 33.48 per cent compounded annual growth rate (CAGR) in consolidated profit after tax and before minority interest at Rs 46.64 crore in FY16 compared with Rs 14.69 crore in FY12.
Consolidated revenues for the firm has grown at a CAGR of 32.64 per cent during the same period to Rs 540.62 crore in FY16 from Rs 174.64 crore in FY12. Ebitda for the five-year period grew 47.47 per cent to Rs 128.21 crore.
The company plans to repay term loans availed earlier by it and one of its subsidiaries, EPHL, which was utilised to fund Chhaya acquisition. A total of Rs 152 crore of the fresh issue will be utilised for this.
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Besides, Rs 88 crore will be spent on repayment or prepayment, in full or in part, of certain loans availed by the company and two of its subsidiaries, VPHPL and NSHPL. Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
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