Dachepalli Publishers Ltd IPO

Printing & Stationery

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Price Band

₹100 – ₹102

Lot Size

1200

Minimum Bid Quantity

2400

Minimum Investment

₹244800

Issue Size

₹40.39Cr

Opens

2025-12-22

Closes

2025-12-24

Listing

30-12-2025

Subscription Status

Qualified Institutional Buyers

1.29 x

Non-Institutional Investor

2.51 x

Retail Individual Investor

1.79 x

Total

1.85 x

IPO Details

Issue Type

FP

Face Value

₹10

Tick Size

1

ISIN

INE1F9M01018

Pre-Apply Available

No

Daily Bidding Time

10:00:00 - 17:00:00

About the Company

Dachepalli Publishers Limited is an educational publishing company focused on K–12 content for CBSE, ICSE, and State Board curriculum. It develops and supplies textbooks and other academic material across pre-primary, primary, and secondary levels, along with curriculum-aligned digital resources such as instructional videos, test generators, and academic software. Its catalogue includes over 600 titles published under brands including Dachepalli Publishers Limited, Apple Book Company, Orange Leaf Publishers, Pelican Publishing House, Sangam Publishing House, and School Book Company, created with the support of more than 75 contractual authors. The company works with schools ranging from about 100 to 50,000 students, and distributes its books through a network of over 300 distributors and dealers, supported by an in-house sales team. It operates across 10 Indian states and Union Territories, with an integrated supply chain, in-house print facilities, and a centralised warehouse located in Hyderabad, Telangana.

Pros

  • • Dachepalli Publishers Limited claims to trace its origins to 1908 as a family-run book business and to have been active in the Indian education sector for over 10 decades. The company claims that this long presence has helped it build multi-generational relationships with schools, educators, distributors, and academic stakeholders across several states.
  • • The company claims to integrate technology in line with the stages defined under the National Education Policy (NEP 2020) and the National Curriculum Framework, offering age-appropriate digital resources from the foundational stage through secondary level. It claims that these tools, such as animated videos, recorded lessons, and test preparation content, are installed within school premises at no additional cost for schools adopting its textbooks, and are intended to act as a structured, stage-wise support system for classroom and self-paced learning.
  • • Dachepalli Publishers claims to follow a consumer-centric approach to educational content for ICSE, CBSE, and State Board schools, incorporating feedback from students, teachers, and institutions. It also claims to use a structured, merit-based author selection and review process, with proposals evaluated for curriculum alignment, pedagogy, regional relevance, and market needs.

Cons

  • • Telangana accounted for Rs 12.11 crore (30.00 percent) of the company’s revenue for the period ended September 30, 2025; Rs 21.09 crore (33.00 percent) in FY25; Rs 25.09 crore (49.33 percent) in FY24, and Rs 24.46 crore (54.11 percent) in FY23. Furthermore, the company’s manufacturing operations are concentrated in a single facility located in this region. Any adverse political, social, or economic developments in Telangana could negatively impact the company’s business, financial condition, and results of operations.
  • • The company reported negative cash flow from investing activities amounting to Rs 1 crore for the period ended September 30, 2025; Rs 2.38 crore in FY25; Rs 0.05 crore in FY24, and Rs 0.05 crore in FY23. This was mainly due to an increase in fixed assets. Additionally, negative cash flow from financing activities amounted to Rs 3.70 crore for the period ended September 30, 2025; Rs 3.21 crore in FY24, and Rs 0.97 crore in FY23. This was driven by interest and repayment of borrowings. The company also reported a net negative cash flow of Rs 2.69 crore for the period ended September 30, 2025, and Rs 0.38 crore in FY23. If outflows from investing and financing activities continue to exceed inflows from operations in the future, the company may face liquidity constraints and challenges in funding its business and growth plans.
  • • Dachepalli Publishers relies on third-party vendors for a portion of its printing and binding work, despite handling over 85 percent of these operations in-house at its Telangana facility. If outsourced requirements increase due to operational disruptions or peak-season rush jobs, higher job-work costs or quality issues at vendor facilities could compress margins. Any delays, disruptions, or substandard output from these third-party printers could adversely affect the company’s revenue, profitability, and overall operations.

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