Business Standard

Shankara Building Products Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

345.00 cr

Price Range (₹)

460

Lot Size

32

Min Investment (₹)

14,720.00

Listing Exchange

MumbaiNSE

Open Date

22-Mar-2017

Close Date

24-Mar-2017

Listing Date

05-Apr-2017

Shankara Building Products Ltd News

    The Shares of Shankara Building Products Ltd have now been listed.

    Shankara Building Products Ltd IPO Details

    Public offer of 7,500,029 equity shares of face value of Rs. 10 each (equity shares) of Shankara Building Products Limited (company or issuer) for cash at a price of Rs. 460 per equity share (including a share premium of Rs. 450 per equity share) aggregating to Rs. 345 crores (offer) comprising a fresh issue of 978,289 equity shares aggregating to Rs. 45.00 crores (fresh issue) and an offer for sale of up to 816,252 equity shares by our promoter, Sukumar Srinivas and up to 5,705,488 equity shares by Fairwinds Trustees Services Private Limited acting in the capacity of trustee of reliance alternative investments fund - private equity scheme I (collectively the selling shareholders) aggregating to Rs. 300 crores (offer for sale). The offer will constitute 32.82% of the post-offer paid-up equity share capital.The anchor investor offer price is Rs.460 per equity share.The face value of the equity share is Rs.10 each. The offer price is 46 times the face value of the equity shares.

    Objective of issue

    Repayment or pre-payment of loans. General corporate purpose.

    Shankara Building Products Ltd Contact Details

    Shankara Building Products Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

    Phone - 91-40-67162222

    Fax - 91-40-23001153/23420814

    Email - cs@shankarabuildpro.com

    Website - www.shankarabuildpro.com