Shankara Building to list shares on Apr 5

Shankara Building Products, which recently concluded its Rs 350-crore initial public offer, will list its shares on the stock exchanges on April 5.

The IPO, from March 22-24, was subscribed 41.60 times. The price band was fixed at Rs 440-460 per share.

The portion set aside for qualified institutional buyers (QIBs) was subscribed 51.62 times while that for the non- institutional investor segment was 90.68 times. The retail investor category witnessed a subscription of 15.35 times.

The IPO comprised fresh issue of shares worth Rs 45 crore and an offer for sale of little over 65 lakh shares.

The Bengaluru-based company is an organised retailer of home improvement and building products in India.
 

IDFC Bank, Equirus Capital and HDFC Bank were book running lead managers to the offer.