Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Shankara Building Products IPO is a book build issue of ₹345.00 crores. The issue is a combination of fresh issue of 0.10 crore shares aggregating to ₹45.00 crores and offer for sale of 0.65 crore shares aggregating to ₹300.00 crores.
Shankara Building Products IPO bidding started from Mar 22, 2017 and ended on Mar 24, 2017. The allotment for Shankara Building Products IPO was finalized on Mar 30, 2017. The shares got listed on BSE, NSE on Apr 5, 2017.
Shankara Building Products IPO price band is set at ₹460.00 per share . The lot size for an application is 32. The minimum amount of investment required by an retail is ₹14,080 (32 shares). The lot size investment for sNII is 14 lots (448 shares), amounting to ₹2,06,080, and for bNII, it is 68 lots (2,176 shares), amounting to ₹10,00,960.
Equirus Capital Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Shankara Building Products IPO RHP for detailed Information.
| IPO Date | March 22, 2017 to March 24, 2017 |
| Listing Date | April 5, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹440 to ₹460 per share |
| Issue Price Final | ₹460 per share |
| Lot Size | 32 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 75,00,029 shares (aggregating up to ₹345.00 Cr) |
| Fresh Issue | 9,78,289 shares (aggregating up to ₹45.00 Cr) |
| Offer for Sale | 65,21,740 shares of ₹10 (aggregating up to ₹300.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 2,18,71,037 shares |
| Share Holding Post Issue | 2,28,49,326 shares |
Shankara Buildpro IPO offers total 75,00,029 shares. Out of which 37,50,000 (50.00%) allocated to QIB, 15,00,000 (20.00%) allocated to QIB, 11,25,005 (15.00%) allocated to NII, 26,25,024 (35.00%) allocated to RII and 22,50,000 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 37,50,000 (50.00%) | NA |
| − Anchor Investor Shares Offered | 22,50,000 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 15,00,000 (20.00%) | NA |
| NII (HNI) Shares Offered | 11,25,005 (15.00%) | NA |
| Retail Shares Offered | 26,25,024 (35.00%) | 82,032 |
| Total Shares Offered | 75,00,029 (100.00%) |
Shankara Building Products IPO opens on March 22, 2017, and closes on March 24, 2017.
| IPO Open Date | Wed, Mar 22, 2017 |
| IPO Close Date | Fri, Mar 24, 2017 |
| Tentative Allotment | Thu, Mar 30, 2017 |
| Initiation of Refunds | Fri, Mar 31, 2017 |
| Credit of Shares to Demat | Mon, Apr 3, 2017 |
| Tentative Listing Date | Wed, Apr 5, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Mar 24, 2017 |
Investors can bid for a minimum of 32 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 32 | ₹14,720 |
| Retail (Max) | 13 | 416 | ₹1,91,360 |
| S-HNI (Min) | 14 | 448 | ₹2,06,080 |
| S-HNI (Max) | 67 | 2,144 | ₹9,86,240 |
| B-HNI (Min) | 68 | 2,176 | ₹10,00,960 |
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.
| 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 Company Shankara Building Products IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Repayment or pre-payment of loans | 34.00 |
| 2 | General corporate purposes | 7.67 |
[Dilip Davda] The Company is set to attract investors as a first mover in the segment. Price appears to be reasonable considering the business model. Investors may consider investment for medium to long term. Read detail review...
| Listing Date | April 5, 2017 |
| BSE Script Code | 540425 |
| NSE Symbol | SHANKARA |
| ISIN | INE274V01019 |
| Final Issue Price | ₹460 per share |
| BSE Listing Group | B |
Shankara Building Products Ltd.
G2, Farah Winsford,
No. 133, Infantry Road,
Bengaluru 560 001
Bengaluru, Karnataka
Phone: + 91 80 4011 7777
Email: info@shankarabuildpro.com
Website: http://www.shankara buildpro.com
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://ipostatus.kfintech.com/
Shankara Building Products IPO is a main-board IPO of 75,00,029 equity shares of the face value of ₹10 aggregating up to ₹345.00 Crores. The issue is priced at ₹460 per share. The minimum order quantity is 32.
The IPO opens on March 22, 2017, and closes on March 24, 2017.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Shankara Building Products IPO using UPI as a payment gateway. Zerodha customers can apply in Shankara Building Products IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shankara Building Products IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shankara Building Products IPO opens on March 22, 2017 and closes on March 24, 2017.
Shankara Building Products IPO lot size is 32, and the minimum amount required for application is ₹14,720.
You can apply in Shankara Building Products IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Shankara Building Products IPO will be done on Thursday, March 30, 2017, and the allotted shares will be credited to your demat account by Monday, April 3, 2017. Check the Shankara Building Products IPO allotment status.
The Shankara Building Products IPO listing date is on Wednesday, April 5, 2017.
Useful Articles
RHP