The IPO of education content publisher S Chand and Co. has been 52% subscribed on the first day of the issue.  The offering of 7.68 million shares received bids for 52% of the total, with the qualified institutional investors' share subscribed 61%. The quota for non-institutional investors was subscribed 23%, while retail investors have bid for about 60%. Angel Broking, Emkay and other analysts have given the IPO a 'subscribe' rating, saying that its been priced competitively compared to its listed peer Navneet Education. 

Maruti Suzuki will announce its results today, and the market is optimistic with the successful take off of models like the Vitara Brezza, Ignis and Baleno. Waiting periods are 24 weeks for Baleno, 18 weeks for Brezza and 8-10 weeks for Ignis.

20% of Maruti car sales are from government employees, and the upward revision in pay scales is set to boost car demand further. The company has seen 15% volume growth in monthly sales YoY, and analysts are expecting a strong earnings result for Q4. Revenues are expected to cross 20% growth YoY, and net profits to be in double digits. 

Stock in spotlight:  Housing Development Finance Corp (HDFC), which is in talks with online classifieds company Quikr India to sell its brokerage business HDFC Realty and its digital business HDFC Red in an-all stock deal, where HDFC would get 5% of Quikr. Since its last funding round and after acquisitions, Quikr was valued at around $1.5 billion. 

Photo of the day: A young girl lights a candle marking the anniversary of the 2015 earthquake in Nepal. Navesh Chitrakar/Reuters