Shankara Buildpro IPO is a Rs 345.00 crore book-built issue. The offering consists of a fresh issue of Rs 45.00 crore and an offer to sell 0.65 crore shares. Shankara Buildpro initial public offering (IPO) began on March 22, 2017 and ended on March 24, 2017. Shankara Buildpro IPO allotment was completed on Thursday, March 30, 2017. On April 5, 2017, the shares were listed on the BSE and NSE. The pricing band for Shankara Buildpro’s IPO is established at 440 to 460 per share. A lot size of 32 shares is required for an application. Retail investors must make a minimum investment of $14,720.
Shankara Building Materials Ltd., founded in 1995, is an Indian retailer of home renovation and building materials. They sell 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 in their stores. As of September 24, 2016, they operated 100 Shankara BuildPro stores across Andhra Pradesh, Goa, Gujarat, Karnataka, Kerala, Maharashtra, Odisha, Tamil Nadu, Telangana, and Puducherry
serving the end-user segments of urban and semi-urban markets. In addition, the company manufactures, assembles, processes, trades in, imports, exports, or deals in a variety of steel sheets, steel roofing sheets, walling products, accessories, and steel structures and purlins used in the construction of various types of building structures, as well as steel pipes, tubes and pipe fittings, iron and steel, and allied products, and engages in general hardware and general wholesale trading activities.
They serve homeowners, architects and contractors, as well as small businesses, in the housing, general engineering, automotive, renewable energy, agriculture, construction, and infrastructure sectors. In their retail stores, they also carry reputable third-party brands such as Sintex, Uttam Galva, Uttam Value, Futura, APL Apollo, and Alstone, as well as their own brands such as CenturyRoof, Ganga, and Loha.
Shankara Buildpro IPO Details
| IPO Date | March 22, 2017 to March 24, 2017 |
| Listing Date | April 5, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹440 to ₹460 per share |
| Lot Size | 32 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹345.00 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹45.00 Cr) |
| Offer for Sale | 6,521,740 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Shankara Buildpro IPO Timeline
| IPO Open Date | Wednesday, March 22, 2017 |
| IPO Close Date | Friday, March 24, 2017 |
| Basis of Allotment | Thursday, March 30, 2017 |
| Initiation of Refunds | Friday, March 31, 2017 |
| Credit of Shares to Demat | Monday, April 3, 2017 |
| Listing Date | Wednesday, April 5, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 24, 2017 |
Shankara Buildpro IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | – | NA |
| QIB Shares Offered | 1,522,232 (28.75%) | NA |
| NII (HNI) Shares Offered | 1,131,671 (21.37%) | |
| Retail Shares Offered | 2,640,564 (49.87%) | 82,517 |
| Total Shares Offered | 5,294,467 (100%) |
Shankara Buildpro IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 32 | ₹14,720 |
| Retail (Max) | 13 | 416 | ₹191,360 |
Objects of the Issue (Shankara Buildpro IPO Objectives)
The object of the issue is:
- Repayment or pre-payment of loans of the Company and VPSPL;
- General corporate purposes;
- Receive the benefits of listing of the Equity Shares on the Stock Exchanges; and
- Enhancement of the company’s brand name and creation of a public market for equity shares in India
Shankara Buildpro IPO Listing Details
| Listing Date | April 5, 2017 |
| BSE Script Code | 540425 |
| NSE Symbol | SHANKARA |
| ISIN | INE274V01019 |
| Final Issue Price | ₹460 per share |
Shankara Buildpro Listing Day Trading Information
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹460.00 | ₹460.00 |
| Open | ₹545.00 | ₹555.05 |
| Low | ₹545.00 | ₹555.00 |
| High | ₹638.00 | ₹636.20 |
| Last Trade | ₹632.80 | ₹632.45 |
Shankara Building Products Ltd Contact Details
Shankara Building Products Ltd
G2, Farah Winsford,
No. 133, Infantry Road,
Bengaluru 560 001
Phone: + 91 80 4011 7777
Email: info@shankarabuildpro.com
Website: http://www.shankara buildpro.com
Shankara Buildpro IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://kosmic.kfintech.com
Shankara Buildpro IPO FAQs
Q1. What is the Shankara Buildpro IPO?
Ans. Shankara Buildpro IPO is a main-board IPO of [.] equity shares of the face value of ₹10, aggregating up to ₹345.00 crore. The issue is priced at ₹440 to ₹460 per share. The minimum order quantity is 32 shares. The IPO opens on March 22, 2017, and closes on March 24, 2017.
Q2. When Shankara Buildpro IPO will open?
Ans. The Shankara Buildpro IPO opens on March 22, 2017 and closes on March 24, 2017.
Q3. What is the lot size of Shankara Buildpro IPO?
Ans. Shankara Buildpro IPO lot size is 32 Shares, and the minimum amount required is ₹14,720.
Q4. When is Shankara Buildpro IPO listing date?
Ans. The Shankara Buildpro IPO listing date is on April 5, 2017.
