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		<img align="" alt="S Chand and Company" class="imgCont" height="464" src="http://bsmedia.business-standard.com/_media/bs/img/article/2017-04/25/full/1493140455-4562.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="S Chand and Company" width="620" />
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			S Chand & Company (S Chand) made a tepid debut on the BSE by listing at Rs 707, a mere 5.5% premium against its initial public offer (IPO) price of Rs 670 per share. On the National Stock Exchange (NSE), the stock opened at Rs 700, 4.4% higher against its issue price.&nbsp;</div>
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			However, the stock pared gains to settle just 0.8% higher at Rs 676 on the BSE against its issue price.&nbsp;</div>
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			The Rs 728-crore IPO of education company S Chand and Company had garnered 59 times subscription. The 7.68-million share offering had received bids for 457 million shares, worth around Rs 30,000 crore.</div>
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			The institutional investor portion had been subscribed 44 times, retail portion had been subscribed six times and high-net worth individual quota had subscribed 205 times, data provided by stock exchanges showed.</div>
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			Majority of the net proceeds from the fresh issue will be utilised to prepay/repay the loans acquired by the company and its subsidiaries.</div>
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			S. Chand is one of the leading education content Company in India. It has a strong presence in the CBSE/ICSE affiliated schools with increasing presence in the state board affiliated schools across India.</div>
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			S. Chand operates in three segments i.e. K-12, higher education and early learning segments, delivering content, solutions and services across the education lifecycle. These segments contributed 72.5%, 23.8% and 3.2%, respectively to the consolidated revenue in FY16.</div>
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			The education publishing business is highly seasonal in nature. The company derives around 75% of its annual revenue in Q4 quarter, with March month contributing around 40% of the top-line, Choice Broking said in an IPO note.</div>
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			One of the positive aspects of the issue is that the private equity investor Everstone Capital Partners II LLC will continue to hold 13.9% stake in the company post issue (from 32.3% pre-issue), it added.</div>
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The stock slipped to Rs 658, after listing at Rs 707, a 5% premium against its issue price of Rs 670

S Chand & Company ends at Rs 676, up 0.8% from issue price

The stock slipped to Rs 658, after listing at Rs 707, a 5% premium against its issue price of Rs 670