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)|
|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 Companyâ€™s brand name and creation of a public market for the Equity Shares in India.
|Issue Open||Mar 22, 2017 - Mar 24, 2017|
|Issue Type||Book Built Issue IPO|
|Issue Size||[.] Eq Shares of Rs 10 |
(aggregating up to Rs 345.00 Cr)
|Fresh Issue||[.] Eq Shares of Rs 10 |
(aggregating up to Rs 45.00 Cr)
|Offer for Sale||6,521,740 Eq Shares of Rs 10 |
(aggregating up to Rs [.] Cr)
|Face Value||Rs 10 Per Equity Share|
|Issue Price||Rs 440 - Rs 460 Per Equity Share|
|Market Lot||32 Shares|
|Min Order Quantity||32 Shares|
|Listing At||BSE, NSE|
No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time
Mar 24, 2017 17:00
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