The initial public offering (IPO) of Dachepalli Publishers Limited commenced for public subscription on Monday, December 22, marking its entry into the capital markets. The company aims to raise ₹40.39 crore through this public issue, which is part of a busy week for small and medium enterprise (SME) listings on the bourses.
Dachepalli Publishers IPO: Key Details and Dates
The bidding window for the Dachepalli Publishers IPO will remain open until Wednesday, December 24. The company has set a price band of ₹100 to ₹102 per equity share for the offer. Investors must note that this is entirely a fresh issue of 0.40 crore shares, meaning there is no offer-for-sale (OFS) component by existing promoters or shareholders. Consequently, the entire proceeds from the issue will go directly to the company's coffers.
The lot size for the IPO is fixed at 1,200 shares. This implies that retail investors need to apply for a minimum of two lots, requiring an investment of approximately ₹2,44,800 at the upper end of the price band. The basis of allotment is expected to be finalized on December 26. Successful allottees will see shares credited to their demat accounts by December 29, which is also the date when refunds will be initiated for unsuccessful applicants. The equity shares of Dachepalli Publishers are scheduled to make their trading debut on the BSE SME platform on December 30.
IPO Objectives and Subscription Status
The company has outlined clear objectives for utilizing the net proceeds from the IPO. According to the red herring prospectus (RHP), ₹25 crore is earmarked for meeting the working capital requirements of the business. A further ₹6 crore will be directed towards the repayment of certain outstanding borrowings. The remaining amount will be utilized for general corporate purposes.
Ahead of the public issue opening, Dachepalli Publishers secured ₹11.48 crore from anchor investors. In the initial hour of subscription on Day 1, the overall issue was booked 2%. The retail investor category saw a matching 2% subscription, while the quotas for non-institutional investors (NIIs) and qualified institutional buyers (QIBs) had not received any bids at that early stage.
Grey Market Premium and Company Background
The grey market premium (GMP), an unofficial indicator of investor sentiment, for the Dachepalli Publishers IPO was reported as nil on the opening day. This suggests the shares were trading at par with the offer price in the unofficial market, signaling a cautious or wait-and-watch approach among speculative investors.
Founded in 1998, Dachepalli Publishers is a well-established educational content provider focused on the K-12 segment. The company caters to schools following CBSE, ICSE, and various State Board curricula across India. It supplies textbooks and partners with educational institutions of diverse sizes, ranging from those with 100 students to massive setups with 50,000 pupils.
As of 2025, its extensive portfolio boasts over 600 titles marketed under six distinct brands: Dachepalli Publishers Limited, Apple Book Company, Orange Leaf Publishers, Pelican Publishing House, Sangam Publishing House, and School Book Company. This IPO represents a significant step for the company to fuel its next phase of growth in the competitive educational publishing sector.
