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Shankara Buildpro IPO is a book built issue of Rs 345.00 crores. The issue comprises of fresh issue of Rs 45.00 crore and offer for sale of 0.65 crore shares.
Shankara Buildpro IPO bidding started from March 22, 2017 and ended on March 24, 2017. The allotment for Shankara Buildpro IPO was finalized on Thursday, March 30, 2017. The shares got listed on BSE, NSE on April 5, 2017.
Shankara Buildpro IPO price band is set at ₹440 to ₹460 per share. The minimum lot size for an application is 32 Shares. The minimum amount of investment required by retail investors is ₹14,720.
Equirus Capital Private Limited, Hdfc Bank Limited and Idfc Bank Limited are the book running lead managers of the Shankara Buildpro IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Shankara Buildpro IPO RHP for detailed information.
| 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 |
| Share holding pre issue | 21,871,037 |
| Share holding post issue | 22,849,326 |
Shankara Buildpro IPO offers 5,294,467 shares. 1,522,232 (28.75%) to QIB, 1,131,671 (21.37%) to NII, 2,640,564 (49.87%) to RII. 82,517 RIIs will receive minimum 32 shares and (sNII) and (bNII) will receive minimum 448 shares. (in case of oversubscription)
| 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 opens on March 22, 2017, and closes on March 24, 2017.
| 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 |
Investors can bid for a minimum of 32 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 32 | ₹14,720 |
| Retail (Max) | 13 | 416 | ₹191,360 |
| Lot Size Calculator | |||
Incorporated in 1995, Shankara Building Products Ltd is retailers of home improvement and building products in India. They offer a wide range of products at their stores which includes 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.
As of September 24, 2016, they operated 100 Shankara BuildPro stores covering the end-user segments of urban and semi-urban markets in Andhra Pradesh, Goa, Gujarat, Karnataka, Kerala, Maharashtra, Odisha, Tamil Nadu, Telangana, and Puducherry. The company also manufactures, assembles, processes, trades in, imports, exports, or deals in a range of steel sheets, steel roofing sheets, walling products, accessories, and steel structures and purlins used for construction of various types of building structures, as well as steel pipes, tubes and pipe fittings and iron and steel and allied products and engages in general hardware and general wholesale trading activities.
They serves home owners, architects and contractors and small enterprises and housing, general engineering, automotive, renewable energy, agriculture, and construction and infrastructure sectors. They also carry reputed third party brands such as Sintex, Uttam Galva, Uttam Value, Futura, APL Apollo and Alstone and their own brands such as CenturyRoof, Ganga and Loha at their retail stores.
| Particulars | For the year/period ended (in Rs. Million) | |||||
|---|---|---|---|---|---|---|
| 31-Dec-16 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | 31-Mar-12 | |
| Total Assets | 6,046.35 | 5,913.15 | 5,505.20 | 5,956.44 | 5,724.80 | 4,559.90 |
| Total Revenue | 14,576.79 | 17,750.07 | 17,204.70 | 18,840.21 | 17,024.89 | 13,855.32 |
| Profit After Tax (PAT) | 137.38 | 109.77 | 42.47 | 193.38 | 271.24 | 277.75 |
The object of the issue are:
1. Repayment or pre-payment of loans of the Company and VPSPL;
2. General corporate purposes;
3. Receive the benefits of listing of the Equity Shares on the Stock Exchanges; and
4. Enhancement of Company’s brand name and creation of a public market for the Equity Shares in India.
[Dilip Davda] The Company is set to attract investors as a first mover in the segment. Price appears to be reasonable considering the business model. Investors may consider investment for medium to long term. Read detail review...
The Shankara Buildpro IPO is subscribed 41.88 times on March 24, 2017 5:00:00 PM. The public issue subscribed 15.35 times in the retail category, 51.62 times in the QIB category, and 90.68 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 51.62 |
| NII | 90.68 |
| Retail | 15.35 |
| Total | 41.88 |
| Listing Date | April 5, 2017 |
| BSE Script Code | 540425 |
| NSE Symbol | SHANKARA |
| ISIN | INE274V01019 |
| Final Issue Price | ₹460 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹460.00 |
| ₹545.00 |
| ₹545.00 |
| ₹638.00 |
| ₹632.80 |
| NSE |
|---|
| ₹460.00 |
| ₹555.05 |
| ₹555.00 |
| ₹636.20 |
| ₹632.45 |
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
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
Shankara Buildpro IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹345.00 Crores. 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.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Shankara Buildpro IPO opens on March 22, 2017 and closes on March 24, 2017.
Shankara Buildpro IPO lot size is 32 Shares, and the minimum amount required is ₹14,720.
You can apply in Shankara Buildpro IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Shankara Buildpro IPO will be done on Thursday, March 30, 2017, and the allotted shares will be credited to your demat account by Monday, April 3, 2017. Check the Shankara Buildpro IPO allotment status.
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