S Chand Group, the education books publisher and joint venture of International Finance Corp and Everstone Capital, will come up with a an IPO consisting of a fresh issue worth Rs 300 crore, as well as a sale offer of over 6.023 million equity shares for the two private equity companies in the venture. The IPO is likely to open in the third week of April - the date for the IPO launch is expected to be 18th April.

S Chand had received approval from SEBI for its draft IPO prospectus in March. The IPO issue is expected to total to around between Rs. 650-750 crore.The money raised will be, according to the management, used for the repayment and pre-payment of loans besides the general corporate purposes.