Shankara Building Products Limited IPO
Shankara Building Products Limited was a mainboard IPO in the Speciality Retail sector, offered at ₹440–₹460 per share to raise ₹345 crore. The issue was subscribed 41.88× overall (QIBs 51.62×, NIIs 90.68×, retail 15.35×). It listed on 5 Apr 2017 at ₹555 and closed its first day at ₹632, a listing gain of +37.5% versus the ₹460 issue price. It now trades around ₹116 (-74.7% versus the issue price).
Frequently asked questions
- How many times was the Shankara Building Products Limited IPO subscribed?
- The Shankara Building Products Limited IPO was subscribed 41.88× overall — 51.62× in the QIB category, 90.68× among non-institutional investors, 15.35× in retail.
- What were the Shankara Building Products Limited IPO listing gains?
- Shankara Building Products Limited listed on 5 Apr 2017 at ₹555, closing its first day at ₹632 — a listing gain of +37.5% versus the ₹460 issue price.
- What were the retail allotment odds for the Shankara Building Products Limited IPO?
- Retail was subscribed 15.35×, so a single-lot application had roughly a 6.5% chance of allotment (about 1 in 15), and allotment was finalised on 30 Mar 2017.
- What was the price band and lot size of the Shankara Building Products Limited IPO?
- The price band was ₹440–₹460 per share, with a minimum lot of 32 shares (₹14,720 at the upper band).
- Who were the registrar and lead manager for the Shankara Building Products Limited IPO?
- Karvy Computershare Private Limited was the registrar, and Idfc Bank was the book-running lead manager.