Hightlights: 1. Shankara Building Products is one of India’s leading organised retailers of home improvement and building products in India. 2. IPO will Open on Mar 22, 2017 and close on 24, March,2017. 3. Fresh Issue of Rs. 45 crores & Offer for sale of 816252 shares. 4. Issue Price is in between Rs. 440 – Rs. 460 Per Equity Share.
Shankara Building Products Ltd IPO Details:  Issue Open: Mar 22, 2017  Issue will close on – Mar 24, 2017  Issue Type: Book Built Issue IPO  Issue Size: Fresh Issue of Rs. 45 crores. Offer for sale of 816252 shares by the Promoter and 5705488 shares by selling shareholders.  Face Value: Rs 10 Per Equity Share  Issue Price: Rs. 440 – Rs. 460 Per Equity Share  Market Lot: 32 Shares  Minimum Order Quantity: 32 Shares  Listing At: BSE, NSE
Smallest issue in recent times lotwise in retail category. Tough to get allotment. No comparable peer is an advantage. Moreover, selling pressure on day 1 will be mimimal, as only 3 7,50,000 shares will be alloted in non-qib portion(RII+NII)
76. Eagleye| Link| Bookmark|
March 19, 2017 11:00:07 AM
IPO Guru (6600+ Posts, 22000+ Likes)
Shankara Building Products
IPO – Schedule (Page #193 of RHP)
21st March – Anchor Investors 22nd March – Offer Opens 24th March – Offer Closes 28th March – Bank Holiday for Gudi Padwa 30th March – Finalisation of Basis of Allotment 31st March – Unblocking of ASBA 03rd March – Credit to Demat Accounts 04th April – Listing on NSE & BSE
Issue Information:
Issue Opens on: 22 March 2017 Issue Closes on: 24 March 2017 Issue Type: Book Built Issue IPO Issue Size: 75,00,000 Equity Shares Face Value: Rs 10 per Equity Share Issue Price: Rs.440 – Rs.460 per Equity Share Market Lot: 32 shares Listing At: NSE, BSE
Equity Shares outstanding prior to the Issue = 2,18,71,037 Equity Shares Fresh Issue of 978,260 Equity Shares @460/- aggregating up to Rs.45 Crores Offer for Sale of 65,21,740 Equity Shares @460/- aggregating up to Rs.300 Crores Equity Shares outstanding after the Issue = 2,28,49,297 Equity Shares
Subscription required for 1X RII = 82,031 Forms NII = 51.75 Crs
Interest cost @7%p.a. for 7days = 61.80paise for 1X
Financial Information (Basis of Valuation):
EPS for FY13-14 >>> Rs.13.13 (Page #73 of RHP) EPS for FY14-15 >>> Rs.10.32 (Page #73 of RHP) EPS for FY15-16 >>> Rs.18.90 (Page #73 of RHP) EPS for 9M16-17 >>> Rs.19.00 (Not Annualized)
If, Issue Price = 460 & GMP = 120/- … Then Costing = 580 … & PE = 22.89 (trailing)
RoNW for FY13-14 >>> 12.30% (Page #74 of RHP) RoNW for FY14-15 >>> 08.92% (Page #74 of RHP) RoNW for FY15-16 >>> 14.22% (Page #74 of RHP) RoNW for 9M16-17 >>> 12.51% (Not Annualized)
NAV as on December 31, 2016 was Rs.151.87 (Page #74 of RHP)
Peer Group (Page #75 of RHP): NONE
76.1. CHD| Link| Bookmark|
March 19, 2017 11:14:41 AM
(1100+ Posts, 500+ Likes)
A very small issue ..... little chance of allotment ....!
76.2. Haar Jeet| Link| Bookmark|
March 20, 2017 11:25:04 PM
Top Contributor (300+ Posts, 200+ Likes)