What is the price band of the S Chand and Company IPO?

The price band is ₹660–670 per share, and the final issue price is ₹670.

What is the lot size of the S Chand and Company IPO?

One lot is 22 shares, so the minimum retail bid is ₹14,740 at the upper end of the price band.

When is the S Chand and Company IPO listing date?

The shares listed on 09 May 2017.

How many times was the S Chand and Company IPO subscribed?

It was subscribed 59.5x overall: QIB 44.3x, NII 205x and retail 6.07x (NSE and BSE together).

S Chand and Company IPO

S Chand and Company Limited (SCHAND) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 09 May 2017.

Listed 9 May Subscribed 59.5x Listing gain +4.5%

Issue details

Price band

₹660–670

Issue price

₹670

Lot size

22 shares

Min. retail bid

₹14,740

Max. retail bid

13 lots (₹1,91,620)

Issue size

₹737 Cr

Face value

₹5

Bidding

26 Apr – 28 Apr 2017

Listing

09 May 2017

Retail quota

35%

Registrar

Link Intime India Private Limited

Listing day

Listed at

₹700

+4.5% vs issue price ₹670

Day's high

₹700

+4.5% · low ₹658 (-1.8%)

Day's close

₹676

+0.9% · traded ₹872 Cr

Subscription status

Category	Shares offered	Shares bid for	Subscribed
QIB (institutions)	22,11,544	9,78,99,186	44.3x
NII (HNI) total	16,42,122	33,60,54,818	205x
Retail	38,31,618	2,32,47,906	6.07x
Total	76,85,284	45,72,01,910	59.5x

Bids on NSE and BSE together, as published by NSE. Shares offered exclude the anchor portion. 4% of all shares bid for were at the cut-off price.

Past IPOs with similar demand

Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to S Chand and Company's, and how they listed.

IPO	QIB	NII	Retail	Total	Size	Listing gain	Day high
BSEJan 2017	48.6x	159x	6.48x	51.2x	₹1,243 Cr	+34.6%	+48.9%
Thyrocare TechnologiesApr 2016	73.2x	225x	8.73x	73.5x	₹479 Cr	+49.1%	+49.1%
Ujjivan Financial ServicesMay 2016	33.8x	135x	4.02x	40.7x	₹892 Cr	+10.4%	+16.5%
RBL BankAug 2016	85.1x	198x	5.70x	69.6x	₹1,219 Cr	+21.9%	+35.8%
TeamLease ServicesFeb 2016	27.0x	185x	10.6x	66.0x	₹450 Cr	+1.2%	+21.4%
Endurance TechnologiesOct 2016	53.4x	127x	2.69x	43.8x	₹1,162 Cr	+21.2%	+38.6%

Lead managers and their listing record

Book running lead manager	Mainboard IPOs since 2019	Avg listing gain	Listed at a premium
JM Financial Institutional Securities	109	+22.8%	75%
Axis Capital	107	+20.4%	73%
Credit Suisse Securities (India)	11	+15.6%	82%

Offer documents (NSE)

Red Herring Prospectus (zip) Basis of issue price (zip) Anchor allocation (zip)

Frequently asked

What is the S Chand and Company IPO price band and lot size? ₹660–670 per share, with a lot of 22 shares, so the smallest retail bid is ₹14,740.

How many times has it been subscribed? 59.5x overall: QIB 44.3x, NII 205x, retail 6.07x.

How did it list? It opened at ₹700, +4.5% against the issue price of ₹670, and closed its first day +0.9%.

Other IPOs of 2017

Astron Paper & Board Mills Future Supply Chain Solutions Shalby HDFC Standard Life Insurance Company Khadim India The New India Assurance Company Mahindra Logistics Reliance Nippon Life Asset Management All 2017 IPOs →

Important: The AI listing estimates on Flash Finance are statistical estimates drawn from how past Indian IPOs have listed. They are not a forecast of what any IPO will do, not a recommendation to apply, buy or sell, and not investment advice. Listing prices depend on market conditions on the listing day and can differ widely from any estimate; past patterns may not repeat. Subscription figures are as published by NSE (bids on NSE and BSE together) and can be revised. Flash Finance is not a SEBI-registered investment adviser or research analyst. Read the issue's Red Herring Prospectus and consult a SEBI-registered adviser before you invest.