Shankara Building Products IPO

 

Shankara Building Products IPO

Shankara Building Products IPO

Shankara Building Products  is one of the leading organised retailers of home improvement and building products in India based on number of stores, operating under the trade name Shankara BuildPro (Source: CRISIL Report). As on December 31, 2016, the company operated 103 Shankara BuildPro stores spread across 9 states and 1 union territory in India. It caters to a large customer base across various end-user segments in urban and semi-urban markets through its multi-channel sales approach, processing facilities, supply chain and logistics capabilities.

Under retail operations, it offers a comprehensive range of products at our stores, including 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 company carries reputed third party brands such as Johnson, Sintex, Uttam Galva, Uttam Value, Futura, APL Apollo, Astral Pipes and Alstone and its own brands such as CenturyRoof, Ganga and Loha at its retail stores.

Its enterprise sales cater primarily to large end-users, contractors, and OEMs, while the channel sales caters to dealers and other retailers through its extensive branch network. In these operations, it primarily offers steel based products, such as structural steel, TMT bars, pipes and tubes and other allied steel products.

Promoters of Shankara Building Products: Sukumar Srinivas

Shankara Building Products IPO details
Subscription Dates 22 – 24 March 2017
Price Band INR440 – 460 per share
Fresh issue INR45 crore
Offer For Sale 6,521,740 shares (INR300 crore at upper band)
Total IPO size INR345 crore at upper band
Minimum bid (lot size) 32 shares
Face Value  INR10 per share
Retail Allocation 35%
Listing On NSE, BSE

 

Shankara Building Products’ consolidated financial performance (in INR crore)
FY2012 FY2013 FY2014 FY2015 FY2016 9M FY2017
Total revenue 1,413.9 1,766.9 1,927.9 1,979.9 2,036.6 1,709.9
Total expenses 1,343.6 1,679.6 1,838.5 1,889.3 1,916.2 1,600.9
Profit after tax 29.9 31.8 28.7 22.6 41.3 41.5

 

Shankara Building Products Limited
G2, Farah Winsford, No. 133, Infantry Road
Bengaluru 560 001, Karnataka

Phone: +91 80 4011 7777
Fax: +91 80 4111 9317
Email: [email protected]
Website: www.shankarabuildpro.com

Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana

Phone: +91 40 6716 2222 
Fax: +91 40 2343 1551 
Email: [email protected]
Website: www.karvycomputershare.com

Shankara Building Products IPO Subscription Details

Category Shares offered Subscription (No. of times, 9 PM) 
Day 1 Day 2 Day 3
QIB  1,522,232 0.00 0.75 51.62
NII  1,131,671 0.10 0.49 90.68
Retail 2,640,564 0.98 4.35 15.35
Total  5,294,467 0.51 2.49 41.88

Shankara Building Products IPO allotment status is now available on Karvy Computershare’s website. Click on this link to get allotment status. You can also check allotment status using application number on this link.

IPO Opening Date: 22 March 2017

IPO Closing Date: 24 March 2017

Finalisation of Basis of Allotment: 30 March 2017

Initiation of refunds: 31 March 2017

Transfer of shares to demat accounts: 3 April 2017

Listing Date: 5 April 2017

Listing Price on NSE: INR555 per share (return of 20.6% over IPO price)

Closing Price on NSE: INR634 per share (return of 37.8% over IPO price)

49 COMMENTS

  2. Good company, has something in REAL business. In fact, one of its kind, who else sells home improvement and building products? PE ratio of 24.3 is not very high too.

  4. My analysis says 85% of ipo gives a minimum of 10 % returns onthe listing day (2015-17). So surely IPOs are good to invest. Min 10% of return in 15 days seems good… Conditions apply.

  5. Dear Sir,
    Please furnish equity capital of the companies before and after the proposed public issues invariably.
    Thanks &Regards,

  7. Shankara Building Products Ltd IPO: You Must Know

    Hightlights:
    1. Shankara Building Products is one of India’s leading organised retailers of home improvement and building products in India.
    2. IPO will Open on Mar 22, 2017 and close on 24, March,2017.
    3. Fresh Issue of Rs. 45 crores & Offer for sale of 816252 shares.
    4. Issue Price is in between Rs. 440 – Rs. 460 Per Equity Share.

    Shankara Building Products Ltd IPO Details:
     Issue Open: Mar 22, 2017
     Issue will close on – Mar 24, 2017
     Issue Type: Book Built Issue IPO
     Issue Size:
    Fresh Issue of Rs. 45 crores.
    Offer for sale of 816252 shares by the Promoter and 5705488 shares by selling shareholders.
     Face Value: Rs 10 Per Equity Share
     Issue Price: Rs. 440 – Rs. 460 Per Equity Share
     Market Lot: 32 Shares
     Minimum Order Quantity: 32 Shares
     Listing At: BSE, NSE

    6. Category-wise Break up:
     Anchor – 22,50,000 Shares = 103.50Crs.
     Net QIB – 15,00,000 Shares = 69.00Crs
     NII – 11,25,000 Shares = 51.75Crs
     RII – 26,25,000 Shares (82,031 Forms) = 120.75Crs. (Lot size = 32)

  9. This is a good IPO. Ppl need to understand that hardware retailing is not high margin business but Shankara is still manging decent profits. Shows commitment of the management and the entrepreneur.

  19. No info about IPO order from NSE. For Avenue Supermarts, I had got a mail regarding order confirmation.
    Hope I get it by Friday. Expecting allotment by 1st April & listing by 3rd April.

  23. What about the allotment
    The date is confirmed of allotment is 30-3-17
    And today is 31-3-17
    The allotment is late and there is no information to the costumers
    This is very bad service of yours

  30. contact me if anyone interested to open an Demat & Trading a/c and Gray Market(IPO) with TradeSwift Broking PVT LTD. with SANDEEP JAIN From jaipur
    WhatsAap me : 9950420842 , 7730027742

  32. I got 45 shares of Shannara build pro and premium today offered is Rs 150 per share. Please guide me whether to sell today at premium of Rs150 per share or wait for tomorrow morning whether their is any expectations of price more than Rs 600 per share

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