Dachepalli Publishers IPO Lists on BSE SME Today with Zero Grey Market Premium
Dachepalli Publishers debuts on BSE SME today with zero grey market premium, suggesting a flat listing near the ₹102 issue price. The educational publisher raised ₹40.39 crore with 1.97x subscription and demonstrated strong FY25 performance with 26% revenue growth and doubled PAT to ₹7.56 crore. The company operates 600+ titles across six brands in the K-12 segment, selling over 4 million books in FY25.
*this image is generated using AI for illustrative purposes only.
Dachepalli Publishers is set to debut on BSE SME today with market expectations suggesting a measured listing performance. The grey market premium for the educational publisher's shares has remained at 0%, indicating that the stock may list close to its issue price rather than showing significant gains on the first day of trading.
IPO Performance and Subscription Details
The company successfully raised ₹40.39 crore through a 100% fresh issue, with shares priced at ₹102 each. This pricing valued the company at a pre-IPO market capitalisation of approximately ₹153 crore. The public offering achieved an overall subscription of 1.97 times, demonstrating moderate investor interest across different categories.
| Investor Category | Subscription Multiple |
|---|---|
| Overall Subscription | 1.97x |
| Non-Institutional Investors | 3.04x |
| Retail Investors | 1.90x |
| Qualified Institutional Buyers | 1.29x |
| Anchor Investment | ₹11.48 crore |
Non-institutional investors showed the strongest participation, subscribing 3.04 times their allocated portion, while retail investors subscribed 1.9 times their quota. The issue also secured anchor investment of ₹11.48 crore, providing institutional backing to the offering.
Business Overview and Market Presence
Dachepalli Publishers operates as an educational content provider with a primary focus on the K-12 segment. The company has established a comprehensive catalogue of over 600 titles distributed across six distinct brands. Its market reach extends across 10 states and union territories, positioning it as a significant player in the regional educational publishing space.
The company has achieved notable sales volume, with more than 4 million books sold in FY25. Dachepalli Publishers positions itself as a curriculum-aligned content provider, combining traditional print publishing with digital elements to meet evolving educational requirements.
Financial Performance Highlights
The company has demonstrated strong financial improvement in recent periods. Revenue growth reached 26% year-on-year in FY25, reflecting the company's expanding market presence and operational efficiency.
| Financial Metric | FY25 Performance |
|---|---|
| Revenue Growth | 26% YoY |
| Profit After Tax | ₹7.56 crore (more than doubled) |
| EBITDA Margin | ~19.5% |
Profit after tax more than doubled to ₹7.56 crore in FY25, indicating improved operational efficiency and cost management. The company's EBITDA margin strengthened to approximately 19.5%, demonstrating healthy profitability levels in the competitive educational publishing sector.
Market Outlook and Key Focus Areas
With the listing expected today, investor attention will likely shift from the debut price performance to the company's execution capabilities and growth strategy. Key areas of focus include working capital management and the company's ability to scale its educational content business effectively in an increasingly competitive landscape. The educational publishing sector continues to evolve with digital integration becoming increasingly important for sustained growth.
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