The initial public offering (IPO) of Dachepalli Publishers is set to open for subscription on December 22, with the grey market indicating a muted debut for the company. This IPO is a book-built offering of Rs 40.39 crore, consisting entirely of fresh issue of 39.6 lakh equity shares.
The price band for the IPO has been fixed at Rs 100 to Rs 102 per share, valuing the company at a pre-IPO market cap of about Rs 153 crore. The issue will close on December 24, with the listing scheduled for December 30.
Retail investors can apply for a minimum of 2,400 shares, requiring an investment of Rs 2.45 lakh at the upper end of the price band. Non-institutional investors need to bid for at least 3,600 shares, translating into an investment of Rs 3.67 lakh.
Dachepalli Publishers operates in the educational publishing space, focusing on textbooks and academic material for the K–12 segment across CBSE, ICSE, and state board curricula. The company has a portfolio of more than 600 titles under multiple brands and sells across 10 states through a network of around 300 distributors. In FY25, it sold over four million books.
On the financial front, the company reported steady growth, with revenue rising 26% year-on-year in FY25 and profit after tax increasing 128%.
The proceeds from the IPO will be used mainly to fund working capital requirements, repay certain borrowings, and meet general corporate expenses.
Remember, this is perspective, not prediction. Do your own research before making any investment decisions.
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