Shankara Buildpro IPO Latest News Today

Shankara Buildpro IPO Listing Date

› Listing Date: Wednesday, April 5, 2017
› BSE Script Code: 540425
› NSE Symbol: SHANKARA
› Listing In: B Group of Securities
› ISIN: INE274V01019
› Issue Price: Rs 460 Per Equity Share
› Face Value: Rs 10 Per Equity Share

Shankara Building IPO Allotment Status is now available online.

Shankara Building Products Ltd is a retailer of home improvement and building products. Issue was over subscribed 41.88 times (15.35 times in retail). The equity shares of Shankara Building will list on BSE and NSE.

Shankara Building Products Ltd IPO to open on Mar 22, 2017 and close for subscription on Mar 24, 2017. The price band for the issue has been fixed at Rs 440 at lower level and Rs 460 at upper level. The equity shares of the company to be list at BSE and NSE.

Shankara Building Products Ltd is entering in the capital market with an Initial public offering which comprises a fresh issue of 45.00 Cr ('fresh issue') and an offer for sale of upto 6,521,740 equity shares by the selling shareholders, Including upto 816,252 equity shares by their promoter, sukumar srinivas and up to 5,705,488 equity shares by fairwinds trustees services private limited ('Offer for sale'). The price band for the issue has been fixed at Rs 440 at lower level and Rs 460 at upper level.

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.

The issue opens on Mar 22, 2017 and closes for subscription on Mar 24, 2017. The equity shares of the issue are proposed to be list on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).