Shankara Building Products Ltd IPO

Add to Calendar 2017-03-22 12:00 AM 2017-03-24 12:00 AM Asia/Kolkata Shankara Building Products Ltd IPO Shankara Building Products Ltd India

Shankara Building Products Limited is one of the leading organized retailers of home improvement and building products in India. The company is headquartered in Bangalore. It employs around 1700 people with plans to grow further.

Date of establishment: Shankara Building Products was established in 1995.  

Product & Service Offering: Shankara Building Products offers a wide range of products including cement, structural steel, TMT bars, tiles, sanitary ware, pipes, tubes and other related products.

Promoters of Shankara Building Products Ltd.: Mr Sukumar Srinivas is the promoter of the firm.

Customer segment: The company offers its products to home owners, contractors and enterprises in sectors such as housing, infrastructure, agriculture and automotive.

Objects of the Issue:

The objects of the issue are:
-     Repayment of loans availed by the company and VPSPL
-     General corporate purposes
-     Benefits of listing equity shares
-     Enhanced brand name and public market for equity shares in India

Company Financials:




For the year/period ended (in Rs. Million)








Total Assets







Total Revenue







Profit After Tax (PAT)








Issue Detail

  • Issue Open: Mar 22, 2017
  • Issue Close: Mar 24, 2017
  • Issue Type: Book Built Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 440 - Rs 460 Per Equity Share
  • Bid Lot:32 Shares
  • Minimum Order Quantity:32 Shares
  • Listing At: BSE, NSE
  • Issue Size: • Rs 345.00 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved 1,522,232 1,131,671 2,640,564 - - 5,294,467
Day 1 - Mar 22, 2017IST 0.0000 0.0960 0.9816 - - 0.5100
Day 2 - Mar 23, 2017IST 0.7500 0.4900 4.3500 - - 2.4900
Day 3 - Mar 24, 2017IST 51.6200 90.6800 15.3500 - - 41.8800

Listing Day Trading Information

Issue Price Rs 460.00 Rs 460.00
Open Rs 545.00 Rs 555.05
Low Rs 545.00 Rs 555.00
High Rs 638.00 Rs 636.20
Last Trade Rs 632.80 Rs 632.45
Volume 4,173,554 20,556,468

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