IPO of Shankara Building Product Ltd opens from 22 Mar. 2017 to 24 Mar. 2017. The price band of Issue is Rs. 440 to Rs. 460. The fresh issue has an offer for sale of 65,21,740 shares (Rs. 345.00 Cr. -upper band).
The minimum application size and bid lot 32 Equity Shares and in multiples of 32 Equity Shares thereof.
About Shankara Building Product Ltd :
Shankara Building Products Ltd is a leading organized retailers of home improvement and building products in India based on number stores, operating under the trade name “Shankara BuildPro”.
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Operates 103 Shankara BuildPro stores spread across 9 states and 1 union territory in India. (as on Dec 31, 2016)
Under retail operations, Shankara offer a comprehensive range of products at stores, including structural steel, cement, TMT bars, hollow blocks, pipes and tubes, roofing solutions, welding accessories, primer, solar heaters, plumbing, tiles, plywood, kitchen Sinks and other allied products.
Object of the Issue : Company proposes to utilize the Proceeds from fresh issue the following objects:
- Repayment and prepayment of Term loans
- General Corporate purposes and issue expenses attributed to Shankara.
Finalization Basis of Allotment : 31 Mar 2017
Credit of Shares to Dmat Account : 3 April 2017
Listing Date : 5 April 2017 (SHANKARA) – INE274V01019
Registar of Issue
Allotment Link for CL Educate IPO Issue Karvy Computershare Pvt Ltd
IPO Broker Agent adviser for pune Mobile: 77 1991 7444