The price band 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 listing scheduled for December 30.
In the unofficial market, the stock is currently commanding a grey market premium of zero, suggesting expectations of a listing close to the issue price. A flat GMP typically reflects cautious investor sentiment, especially amid a broader slowdown in SME IPO listing gains seen through 2025.
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.
The issue structure allocates around 47% of the shares to qualified institutional buyers, 14% to non-institutional investors and about 33% to retail investors. Ahead of the issue opening, the company raised Rs 11.48 crore from anchor investors.
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. With the grey market pointing to a flat debut, investor attention will now shift to subscription numbers over the three-day bidding window.
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