Allotment Of Shankara Buildings Ipo

Allotment of shankara buildings ipo

Allotment of shankara buildings ipo


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.

Latest IPO (Shankara Building Products Ltd)

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 Dates22 – 24 March 2017
Price BandINR440 – 460 per share
Fresh issueINR45 crore
Offer For Sale6,521,740 shares (INR300 crore at upper band)
Total IPO sizeINR345 crore at upper band
Minimum bid (lot size)32 shares
Face Value INR10 per share
Retail Allocation35%
Listing OnNSE, BSE


Shankara Building Products’ consolidated financial performance (in INR crore)

FY2012FY2013FY2014FY2015FY20169M FY2017
Total revenue1,413.91,766.91,927.91,979.92,036.61,709.9
Total expenses1,343.61,679.61,838.51,889.31,916.21,600.9
Profit after tax29.931.828.722.641.341.5


Shankara Building Products Limited
G2, Farah Winsford, No.

Allotment of shankara buildings ipo

133, Infantry Road
Bengaluru 560 001, Karnataka

Phone: +91 80 4011 7777
Fax: +91 80 4111 9317
Email:[email protected]

Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana

Phone: +91 40 6716 2222 
+91 40 2343 1551 
[email protected]

Shankara Building Products IPO Subscription Details

CategoryShares offeredSubscription (No.

of times, 9 PM) 

Day 1Day 2Day 3
QIB 1,522,2320.000.7551.62
NII 1,131,6710.100.4990.68

Shankara Building Products IPO allotment status is now available on Karvy Computershare’s website.

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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)

Allotment of shankara buildings ipo