Education-focused publishing house S Chand & Company Ltd has filed it draft red herring prospectus (DRHP) with Sebi for initial public offering (IPO).
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The IPO comprises of fresh issue to raise Rs 300 crore besides offer for sale of 4.8 million shares by Everstone, 0.95 million shares by promoters and 0.25 million shares by other equity holders.
S Chand is a leading Indian education content company in terms of revenues from operations. It delivers content, solutions and services across the education lifecycle through its K- 12, higher education and early learning segments.