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Jainam Wealth recommend 'Avoid' on the S Chand and Company IPO -
Jainam Wealth recommend 'Avoid' on the S Chand and Company IPO
Jainam Research | Published: 24 Apr, 2017  | Source :

We at Jainam Wealth recommend our investors to “AVOID” to the S Chand and Company Ltd. IPO considering high competitive industry, significant portion of revenues are derived from titles of top authors, recently acquired 74% stake of Chhaya Prakashan & company will require additional fund while acquiring remaining 26% stake, CBSE had issued an advisory circular to school to use content of NCERT - a peer of S chand, company has incurred loss in last 3 quarters and few of the subsidiaries also incurring loss.



Price Band Rs.660 - 670. Issue open on 26th April and close to 28th April. Market Lot 22 Shares.

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Jainam Research was incorporated in 2003 with the vision to be the most preferred organization providing all financial services across the country. The foundation is on "Value" Systems - "Value" addition to Corporate, Retails and HNI Individuals through superior Wealth Creation Practices.


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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor accept any liability whatsoever arising from the use of any of the above contents.