Shankara Building Products IPO
Shankara Building Products is one of the leading organised retailers of home improvement and building products in India based on number of stores, operating under the trade name Shankara BuildPro (Source: CRISIL Report).
As on December 31, 2016, the company operated 103 Shankara BuildPro stores spread across 9 states and 1 union territory in India. It caters to a large customer base across various end-user segments in urban and semi-urban markets through its multi-channel sales approach, processing facilities, supply chain and logistics capabilities.
Under retail operations, it offers a comprehensive range of products at our stores, including structural steel, cement, TMT bars, hollow blocks, pipes and tubes, roofing solutions, welding accessories, primers, solar heaters, plumbing, tiles, sanitary ware, water tanks, plywood, kitchen sinks, lighting and other allied products.
The company carries reputed third party brands such as Johnson, Sintex, Uttam Galva, Uttam Value, Futura, APL Apollo, Astral Pipes and Alstone and its own brands such as CenturyRoof, Ganga and Loha at its retail stores.
Its enterprise sales cater primarily to large end-users, contractors, and OEMs, while the channel sales caters to dealers and other retailers through its extensive branch network.
In these operations, it primarily offers steel based products, such as structural steel, TMT bars, pipes and tubes and other allied steel products.
Promoters of Shankara Building Products: Sukumar Srinivas
|Shankara Building Products IPO details|
|Subscription Dates||22 – 24 March 2017|
|Price Band||INR440 – 460 per share|
|Fresh issue||INR45 crore|
|Offer For Sale||6,521,740 shares (INR300 crore at upper band)|
|Total IPO size||INR345 crore at upper band|
|Minimum bid (lot size)||32 shares|
|Face Value||INR10 per share|
|Listing On||NSE, BSE|
Shankara Building Products’ consolidated financial performance (in INR crore)
|Profit after tax||29.9||31.8||28.7||22.6||41.3||41.5|
Shankara Building Products Limited
G2, Farah Winsford, No.
133, Infantry Road
Bengaluru 560 001, Karnataka
Phone: +91 80 4011 7777
Fax: +91 80 4111 9317
Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222
Fax: +91 40 2343 1551
Shankara Building Products IPO Subscription Details
|Category||Shares offered||Subscription (No.|
of times, 9 PM)
|Day 1||Day 2||Day 3|
Shankara Building Products IPO allotment status is now available on Karvy Computershare’s website.
Click on this linkto get allotment status. You can also check allotment status using application number on this link.
IPO Opening Date: 22 March 2017
IPO Closing Date: 24 March 2017
Finalisation of Basis of Allotment: 30 March 2017
Initiation of refunds: 31 March 2017
Transfer of shares to demat accounts: 3 April 2017
Listing Date: 5 April 2017
Listing Price on NSE: INR555 per share (return of 20.6% over IPO price)
Closing Price on NSE: INR634 per share (return of 37.8% over IPO price)