Friday, February 23, 2018

Photo_1 (12) New Delhi based S Chand And Company Limited (the “Company”), India’s leading Indian education content company in terms of revenue from operations in Fiscal 2016(Source: Nielsen Research Report),will launchits initial public offering (“IPO” or the “Offer”). The Offer is scheduled to open on April 26, 2017 and close on April28, 2017, with a price band of Rs.660– Rs.670per equity shares of face value of Rs. 5 each of the Company (the “EquityShares”).

The Company may, in consultation with the Book Running Lead Managers (the “BRLMs”), consider participation by Anchor Investors in accordance with the Securities and Exchange Board of India (Issue of Capital and disclosure Requirements) Regulations, 2009 (“SEBI ICDR Regulations”). The Anchor Investors shall Bid during the Anchor Investor Bid/Offer Period, i.e., one Working Day prior to the Bid/Offer Opening Date.

The Offer consists of fresh issue of Equity Shares aggregating up to Rs. 3,250 millionPhoto_2 (5) (“Fresh Issue”) and an offer for sale of  6,023,236 Equity Shares (“Offer For Sale” and together with the Fresh  Issue, the “Offer”), comprising up to 954,907 equity shares by Promoters(“Promoter Selling Shareholders”), up to 253,593 Equity Shares by the Other Selling Shareholders and up to 4,814,736 equity shares by Everstone Capital Partners II LLC(“Everstone” or “Investor Selling Shareholder”) (the Promoter Selling Shareholders, the Other Selling Shareholders and the Investor Selling Shareholder are collectively referred to as, the “Selling Shareholders”).

The Company will not receive any proceeds from the Offer for Sale. The Company proposes to use the Net Proceeds from the Fresh Issue towards repayment of loans availed by the Company and one of Company’ssubsidiaries, Eurasia Publishing House Private Limited, which were utilized towards funding the acquisition of Chhaya, repayment/prepayment, in full or in part, of certain loans availed of by the Company and certain of the Company’ssubsidiaries, New Saraswati House (India) Private Limited and Vikas Publishing House Private Limited and general corporate purposes (collectively, the “Objects”).

All investors, other than Anchor Investors, are required to mandatorily utilise the Applications Supported by Blocked Amount (“ASBA”) process by providing the details of their respective bank accounts in which the corresponding Bid Amount will be blocked by the Self Certified Syndicate Banks (“SCSBs”). For details, see “Offer Procedure” on page 508.

JM Financial Institutional Securities Limited, Axis Capital Limited andCredit Suisse Securities (India) Private Limitedare the BRLMsto the Offer. The Registrar to the Offer is Link Intime India Private Limited.

The Equity Shares of the Company are proposed to be listed on the BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”)