Bookbuilding IPO | ₹345 Cr | Listed at BSE, NSE | Wed, Mar 22, 2017 - Fri, Mar 24, 2017
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 per share. The lot size for an application is 32. The minimum amount of investment required by an retail is ₹14,720 (32 shares) (based on upper price). 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 Open
Wed, Mar 22, 2017
IPO Close
Fri, Mar 24, 2017
Issue Price
₹460 per share
Market Cap (Pre-IPO)
₹1,051.07 Cr
| IPO Date | 22 to 24 Mar, 2017 |
| Listed on | Wed, Apr 5, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹440 to ₹460 |
| Issue Price | ₹460 per share |
| Lot Size | 32 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 75,00,029 shares (agg. up to ₹345 Cr) |
| Fresh Issue | 9,78,289 shares (agg. up to ₹45 Cr) |
| Offer for Sale | 65,21,740 shares of ₹10 (agg. up to ₹300 Cr) |
| Share Holding Pre Issue | 2,18,71,037 shares |
| Share Holding Post Issue | 2,28,49,326 shares |
| BSE Script Code / NSE Symbol | 540425 / SHANKARA |
| ISIN | INE274V01019 |
Shankara Building Products IPO comprises a total issue size of 75,00,029 shares. Out of which, 37,50,000 (50.00%) are allocated to QIB, 11,25,005 (15.00%) allocated to NII 26,25,024 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max 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% |
Investors can bid for a minimum of 32 shares and in multiples thereof.
| 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 |
Shankara Building Products IPO raises ₹103.50 crore from anchor investors. Shankara Building Products IPO Anchor bid date is March 21, 2017.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Mar 21, 2017 |
| Shares Offered | 22,50,000 |
| Anchor Portion (₹ Cr.) | 103.50 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Apr 29, 2017 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Jun 28, 2017 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment or pre-payment of loans | 34.00 |
| 2 | General corporate purposes | 7.67 |
The Shankara Buildpro IPO is subscribed 41.88 times on March 24, 2017 5:00:00 PM (Day 3). The public issue subscribed 15.35 times in the retail category, 51.62 times in the QIB category, and 90.68 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 51.62 | 15,22,232 | |
| NII | 90.68 | 11,31,671 | |
| Retail | 15.35 | 26,40,564 | |
| Total | 41.88 | 52,94,467 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to the BRLMs (including underwriting commission, brokerage, selling commission and bidding fees) and brokerage and selling commission, uploading charges to Syndicate Members, RTAs and CDPs (2) and Registered Brokers | 12.30 |
| 2 | Commission and processing fees for SCSBs | 1.05 |
| 3 | Fees payable to Registrar to the Offer, legal counsels, auditors and other advisors | 3.34 |
| 4 | Others: 59.69 26.34% 1.73% i. SEBI, BSE and NSE processing fees, other regulatory expenses and listing fees; ii. Printing and stationery expenses; iii. Advertising and marketing expenses; and iv. Miscellaneous | 5.97 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹460.00 | ₹460.00 |
| Open | ₹545.00 | ₹555.05 |
| Low | ₹545.00 | ₹555.00 |
| High | ₹638.00 | ₹636.20 |
| Last Trade | ₹632.80 | ₹632.45 |
Lead Manager Reports
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 Crores. The issue is priced at ₹460 per share. The minimum order quantity is 32.
The IPO opens on Wed, Mar 22, 2017, and closes on Fri, Mar 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 Wed, Mar 22, 2017 and closes on Fri, Mar 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 Mon, Apr 3, 2017. Check the Shankara Building Products IPO allotment status.
The Shankara Building Products IPO listing date is on Wed, Apr 5, 2017.
