Shankara Building Products Ltd IPO Message Board (Page 80)

sankara ma allotment.. kon karne wala he... karvy ya link innnn.

if Karvy, then forget allotment.....

karvy is cheater

Shankara Buildpro IPO
GMP 160 – 165

Shankar''s gmp kam ho me ka kya karan hi sirji

Shankara Buildpro IPO, GMP 180

Which one to apply? Shankara or CL Educate??
Why?

Good to see that not all companies are trying to get maximum out of this IPO frenzy and leave nothing for the IPO applicants. This is one is definitely worth applying.

new entrant... Why some IPOs keep 500-502. Crossing 500 has some benefit to us as well? Shankara also could have kept 500? any views?

Shankara Buildpro IPO
GMP 170 – 175

Hard to get allotment in this Ipo.....only 82000 forms....10 lakh forms expected....kosak rate will hover around 400 to 500 rs

Ye bi d mart ka chota bhai h accepted price on listing 600-650 long run 1000+

SHANKARA IPO

GMP- 168-172

Shankara Buildpro IPO

GMP 170 – 175

Shankara Buildpro IPO
Kitne allotment hoga
Kitne core ka he???????☺☺😊😊

just Imaging if FDI is allowed or indian company build a successful organised business model in this lucrative sector in home development untapped by organised sector just watch the link i have posted earlier (15) of Shankara Building MD interview he says market size of this total sector is 450000 crs untapped by organised sector WOW. please watch the interview MD looks spark and intelligent

also watch this link http://economictimes.indiatimes.com/et-now/stocks/sukumar-srinivas-on-shankara-building-ipo/videoshow/57650359.cms

Sukumar Srinivas, an alumnus of the Indian Institute of Management, Ahmedabad, and a first generation entrepreneur.....

Shankara premium 140

Shankar premium?

Shankar premium?

GMP 95-100 from the same broker 2 hours back did not know anything about this IPO however eagleye and arjun will update with correct GMP kostak

Septa ji ..this forum gets knowledged people like...now see the over subscription

missed " you"

Business like this which is common you will find hardware shop steel suppliers cement suppliers sanitary tile supplier paint shops in most suburbs in india. especially small hardware store which is very lucrative. SBP IS ALL UNDER ONE ROOF AND DISCOUNT PRICE LIKE DMART IN CONSUMER FOODS SBP IS SUPERMARKET FOR HARDWARE NEEDS.

In india we do not have listed player however international we have many players like The Home Depot, Lowe''s, Menards In, Bunnings, B&Q and Mitre 10..... Average PE of these company is around 27 in a mature environment with tipped growth.SBP OFFER PRICE IS AT 21 PE SO LOT IS LEFT IN TABLE

Shankara Building Products is trying to model it business under this home improvement centre in market like India which very unorganised today if i go to buy steel from local traders chance of getting inferior material or low tonnage is part and parcel on local traders. With SBP we are getting an organised players selling all home building or improvement under one roof which is win win situation both for SBP and we Customers

With regards to Real estate slow down we are going to worst face it cannot getting worse then this also case of steel and cement price

NOW let see the valuation they asking Rs 460 which gives it a PE of 18.33 on annualised EPS of 25.33 from 9th months result which also included two months of denomination effect not sure how much it effect its balance sheet.

GMP still not started enquired from my brokers however this will be very good IPO to apply will not be surprised once people understand this business model GMP will start

Now to DCF from past CAGR is around 25% which great from a 13 EPS 2014 to grown to 26 EPS 2017 for the full year (estimate) however just to safe i take half of it which around 13% and also discounting it by 11% the future earning so worst come worst THE FAIR VAULE I GET IS RS 541 YES A GOOD Rs 81 left for investor.

IMO this another DMART will not be surprised 100% gain from issue price over one to two years or soon bcoz worst come worst this will list price am getting Rs550 with25% MIS

SO APPLY FULL ON FIRST DAY ITSELF

Initial Cash Flow:      $55,00,00,000                   
                        
Years:      1-5      6-10            
Growth Rate:      13%      15%            
                        
Terminal Growth Rate:      5%            Discount Rate:      11%
                        
Shares Outstanding:      2,28,49,297            Margin of Safety:      25%
Debt Level:                        
                        
Year      Flows      Growth      Value      
1      62,70,00,000       14%      $56,48,64,865       
2      71,47,80,000       14%      $58,01,31,483       
3      80,77,01,400       13%      $59,05,84,302       
4      91,27,02,582       13%      $60,12,25,461       
5      1,02,22,26,892       12%      $60,66,41,907       
6      1,14,48,94,119       12%      $61,21,07,149       
7      1,27,08,32,472       11%      $61,21,07,149       
8      1,41,06,24,044       11%      $61,21,07,149       
9      1,55,16,86,448       10%      $60,65,92,670       
10      1,70,68,55,093       10%      $60,11,27,871       
                        
                        
Terminal Year      $1,79,21,97,848                   
                        
PV of Year 1-10 Cash Flows:                  $5,98,74,90,006       
                        
Terminal Value:                  $10,51,97,37,748       
                        
Total PV of Cash Flows:                  $16,50,72,27,753       
                        
Number of Shares:                  2,28,49,297       
                        
Intrinsic Value (IV):                  $722.44       
                        
Margin of Safety IV:                  $541.83       
                        
What Percentage of IV comes from                   64%      
the Terminal Value:                        

Tnx v mutch septa sir

Sir,
The only thing i want to knwo is how do you take growth rate in the DCF NPV analysis...is it as per previous 2-3 years..or as per industry growth rate...or arbitrary 10 to 15 %??

Updated from the RHP


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

Category-wise Break up:
Anchor – 22,50,000 Shares = 103.50Crs.
Net QIB – 15,00,000 Shares = 69.00Crs
NII – 11,25,000 Shares = 51.75Crs
RII – 26,25,000 Shares (82,031 Forms) = 120.75Crs. (Lot size = 32)

Total Issue – 75,00,000 Equity Shares = 375Crs.

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

premium 102-106
kostak 450

Shankara Building Products IPO – Schedule (Tentative)

21th March – Anchor Investors
22nd March – Offer Opens
24th March – Offer Closes
31st March – Finalisation of Basis of Allotment
31st March – Unblocking of ASBA
01st April – Credit to Demat Accounts
02nd April – Listing on NSE & BSE


Issue Information (Tentative):

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 = 2,93,71,037 Equity Shares

Category-wise Break up:
Anchor – 22,50,000 Shares = 103.50Crs.
Net QIB – 15,00,000 Shares = 69.00Crs
NII – 11,25,000 Shares = 51.75Crs
RII – 26,25,000 Shares (82,031 Forms) = 120.75Crs. (Lot size = 32)

Total Issue – 75,00,000 Equity Shares = 375Crs.

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) (Tentative):

EPS for FY13-14 >>> Rs.13.13
EPS for FY14-15 >>> Rs.10.32
EPS for FY15-16 >>> Rs.18.90
EPS for 9M16-17 >>> Rs.19.00 (Not Annualized)

If, Issue Price = 460 …Then PE = 18.16X (trailing)

RoNW for FY13-14 >>> 12.30%
RoNW for FY14-15 >>> 08.92%
RoNW for FY15-16 >>> 14.22%
RoNW for 9M16-17 >>> 12.51% (Not Annualized)

NAV as on December 31, 2016 was Rs.151.87

Peer Group: NONE

Thank u Atish

Eagleye mam please define interest rate 61.80 paise.
What is this.

if price band is 460 just back of envelope calculation looking at 24 PE on 2016 earning
if some has link to RHP pls forwards will work out fair value

Septa Sir,

Your view on Vivimed labs and Mangalam drugs. Is anyone worth buying at current valuation.

Septa Sir,

Your view on Vivimed labs and Manglam Drugs. Is anyone worth buying at CMP.

Price 440-460
Lot 32 shares