Dachepalli Publishers IPO

Dachepalli Publishers Ltd

₹2,40,000 /1200 sharesMinimum Investment

Dachepalli Publishers IPO Details

Bidding datesMinimum investmentLot sizePrice range
22 Dec ‘25 - 24 Dec ‘25₹2,40,0001,200₹100 - ₹102
Issue sizeIPO docTentative allotment dateTentative listing date
40.39 Cr
RHP PDF
26 Dec ‘2530 Dec ‘25
Face value
10

About Dachepalli Publishers

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.;
Founded in
1998
MD/CEO
Mr Vinod Kumar Dachepalli
Parent organisation
Dachepalli Publishers Ltd

Strengths & Risks of Dachepalli Publishers

Strengths
Risks
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.
Dachepalli Publishers claims to have a well-integrated ecosystem for content development and book production, supported by experienced authors, editors, and an in-house design team. It further claims to handle around 85 percent of its printing operations internally, from pre-press to binding, while directly procuring key raw materials and selectively outsourcing about 15 percent to external print partners.
The company claims to operate a wide sales and distribution network across 10 states and Union Territories, supported by over 300 distributors and dealers. It also states that a dedicated sales team conducts school visits, display campaigns, participation in tradeshows, and teacher workshops, which serve both distribution and feedback functions.
The company has witnessed a consistent increase in its revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 45.19 crore in FY23 to Rs 50.86 crore in FY24 and Rs 63.90 crore in FY25. PAT increased from Rs 0.47 crore in FY23 to Rs 3.32 crore in FY24 and Rs 7.56 crore in FY25.
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.
Dachepalli Publishers’ K–12 business is closely linked to the academic cycle, with a large share of sales occurring around the start of the school year, mainly in the first and fourth quarters. This seasonality leads to fluctuations in operating revenue, margins, and working capital, especially around fiscal year-end, making period-on-period financial performance less comparable. Any disruption or shift in academic calendars or school purchasing patterns could further amplify this volatility and adversely affect the company’s results of operations.
Dachepalli Publishers’ performance depends heavily on its ability to keep content aligned with frequently changing examination patterns, syllabi, and customer preferences in the K–12 segment. If the company fails to update its textbooks and digital content in line with new curriculum requirements or evolving expectations of schools, teachers, and students, its titles may become less relevant or less preferred. This could negatively impact revenue from operations, customer satisfaction, and overall profitability.
As of September 30, 2025, the company had trade receivables of Rs 56.39 crore. Any delays, defaults, or inability to recover these dues on time could lead to liquidity constraints, higher finance costs, and an adverse impact on the company’s business, cash flows, and overall financial performance.
Dachepalli Publishers operates in a market where some competitors offer curriculum management programmes that bundle and control all subjects, content, and materials used by schools. When schools adopt such end-to-end solutions from competitors, it can exclude Dachepalli Publishers’ books and digital products from being considered or purchased. If the company is unable to compete effectively with these integrated offerings, its sales opportunities, revenue, and profitability may be adversely affected.
As of September 30, 2025, the company had outstanding financial indebtedness of Rs 43.26 crore. Failure to service or repay these loans can harm the company’s operations and financial position.

Dachepalli Publishers Financials

*All values are in Rs. Cr
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Application Details of Dachepalli Publishers IPO

Apply asPrice bandApply RangeLot size
Individual investor100 - 102₹2 - 5 Lakh1200
For Dachepalli Publishers IPO, eligible investors can apply as Individual investor.