Add to Calendar
2017-03-22 12:00 AM2017-03-24 12:00 AMAsia/Kolkata Shankara Building Products Ltd IPOShankara 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
For the year/period ended (in Rs. Million)
Profit After Tax (PAT)
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
Shares Offered / Reserved
Day 1 - Mar 22, 2017IST
Day 2 - Mar 23, 2017IST
Day 3 - Mar 24, 2017IST
Listing Day Trading Information
Shankara Building Products Ltd Red Herring Prospectus
Following are the benefits in buying and selling an IPOs through a discount broker.
Reduced Brokerage Fee: Discount brokers charge a flat brokerage which is missing in case of full service brokers. Full service brokers usually charge %age brokerage and this incurs a lot of cost to an investors. So if any full service broker charge a brokerage of let say 0.03% then on a purchase of shares of worth of Rs 200,000 you end up paying Rs 600+ Taxes. In our case we charge a flat brokerage of Rs 20 + Taxes. Discount brokers therefore saves a lot of money of investors.
Better Trading Platform: Usually discounts brokers don’t provide a good trading platform and experience but there are few discounts brokers like Samco, who are now focussing on delivering a world class trading platform and top notch user experience. Therefore narrowing down the gap between discount brokers and full service brokers.
Technically Speaking, SEBI has made mandatory to buy an IPO through ASBA channel but there is no regulation on how any investor can sell an IPO allotted shares. Therefore, smart investors can always sell IPO allotted shares through a discount broker
Find out which all IPOs are going to hit the Stock Exchanges and probably providing an opportunity for investors to make money Read More>>
Investing in an IPO has always been a point of discussion amongst investors and with the recent increase in the number of companies going public, the discussion is catching more attention. While this article attempts to answer the question, let us start b Read More>>
Once you have invested in an IPO the next thing to concern yourself about is to have an exit strategy in order to maximize your gains. In order to have an efficient exit strategy, there are certain factors to take note on. This article will try to explain Read More>>