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.
The promoters of the company are:
1. Sukumar Srinivas
| 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.
| IPO Opening Date | Mar 22, 2017 |
| IPO Closing Date | Mar 24, 2017 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹440 to ₹460 per equity share |
| Market Lot | 32 Shares |
| Min Order Quantity | 32 Shares |
| Listing At | BSE, NSE |
| Issue Size | [.] Eq Shares of ₹10 (aggregating up to ₹345.00 Cr) |
| Fresh Issue | [.] Eq Shares of ₹10 (aggregating up to ₹45.00 Cr) |
| Offer for Sale | 6,521,740 Eq Shares of ₹10 (aggregating up to ₹[.] Cr) |
The Shankara Buildpro IPO open date is Mar 22, 2017, and the close date is Mar 24, 2017. The issue may list on Apr 5, 2017.
| IPO Open Date | Mar 22, 2017 |
| IPO Close Date | Mar 24, 2017 |
| Basis of Allotment Date | Mar 30, 2017 |
| Initiation of Refunds | Mar 31, 2017 |
| Credit of Shares to Demat Account | Apr 3, 2017 |
| IPO Listing Date | Apr 5, 2017 |
The Shankara Buildpro IPO market lot size is 32 shares. A retail-individual investor can apply for up to 13 lots (416 shares or ₹191,360).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 32 | ₹14,720 |
| Maximum | 13 | 416 | ₹191,360 |
The Shankara Buildpro IPO is subscribed 41.88x times on Mar 24, 2017 17:00. The public issue subscribed 15.35x in the retail category, 51.62x in the QIB category, and 90.68x in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | IPO Subscription |
|---|---|
| QIB | 51.62x |
| NII | 90.68x |
| RII | 15.35x |
| Total | 41.88x |
| Listing Date | Wednesday, April 5, 2017 |
| BSE Script Code | 540425 |
| NSE Symbol | SHANKARA |
| Listing In | B Group of Securities |
| ISIN | INE274V01019 |
| IPO Price | ₹460 per equity share |
| Face Value | ₹10 per equity share |
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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
KFintech Private Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/
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 equity share. The minimum order quantity is 32 Shares.
The IPO opens on Mar 22, 2017, and closes on Mar 24, 2017.
KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Shankara Buildpro IPO opens on Mar 22, 2017 and closes on Mar 24, 2017.
Shankara Buildpro IPO lot size is 32 Shares and the minimum order quantity is 32 Shares.
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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Shankara Buildpro IPO will be done on Mar 30, 2017, and the allotted shares will be credited to your demat account by Apr 3, 2017. Check the Shankara Buildpro IPO allotment status.
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