Shankara Building Products IPO: Price Band Is Set At Rs 440-460 Per Share


Shankara Building Products Limited is coming up with its initial public offering (IPO). The issue is going to open on March 22, 2017 and closes on March 24, 2017. The company has recently fixed the price band of Rs 440 to Rs 460 per equity share. The minimum order quantity consists of one lot, wherein there are 32 stocks in one lot.

This means that an investor has to pay upto Rs 14720 to buy one lot of the IPO. The company offers fresh issue of equity shares of Rs 10 each, aggregating to Rs 45 cr. The funds raised through IPO would be used for pre-payment of loans and enhancement of company’s brand name.

Markets are touching new highs, therefore investors in the market seem to be confused whether it is the right time to invest in the market. Will the markets hold the gains or will the rally continue further, is the big question today. Shankara Building Products Ltd., are retailers of home improvement and building products in India.

The company which is among few organised, third party retailers of building products provides much wider product portfolio as compared to its rivals. It also has strong vendor networks across Tier I, Tier II and Tier III cities in ten states. From fiscal year 2012 to 2016, the revenue of the company has grown at CAGR of 9.55%, EBITDA has grown at CAGR of 14.37% and PAT has increased at CAGR of 8.64%.

The real estate sector is the second largest employer in India and is slated to grow at 30% over the next decade. If the company responds to customer needs and trends in the industry in a timely manner, then the company may see huge profits in the years ahead.

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