Shankara Building Products IPO GMP History
Shankara Building Products IPO has been listed on April 5, 2017 at a listing price of ₹555.05, against the issue price of ₹460 — a gain of ₹95.05 (+20.66%). The GMP peaked at ₹162.5 on 18 March 2017 and reached a low of ₹127.5 on 29 March 2017. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Shankara Building Products IPO raised ₹345 Cr. through its IPO at a price band of ₹440 to ₹460 per share, with a lot size of 32 shares. The IPO was open for subscription from 22 Mar 2017 to 24 Mar 2017.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 12 Nov, 3:11 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 03 Apr 2017 | ₹ 142.5 | — | 31% | — | — |
| 31 Mar 2017 | ₹ 142.5 | — | 31% | — | — |
| 30 Mar 2017 | ₹ 142.5 | ▲ | 31% | — | — |
| 29 Mar 2017 | ₹ 127.5 | ▼ | 28% | — | — |
| 28 Mar 2017 | ₹ 137.5 | — | 30% | — | — |
| 27 Mar 2017 | ₹ 137.5 | ▲ | 30% | — | — |
| 25 Mar 2017 | ₹ 132.5 | ▼ | 29% | — | — |
| 24 Mar 2017 | ₹ 142.5 | — | 31% | — | — |
| 23 Mar 2017 | ₹ 142.5 | ▲ | 31% | — | — |
| 22 Mar 2017 | ₹ 137.5 | ▼ | 30% | — | — |
| 21 Mar 2017 | ₹ 157.5 | — | 34% | — | — |
| 20 Mar 2017 | ₹ 157.5 | ▼ | 34% | — | — |
| 18 Mar 2017 | ₹ 162.5 | — | 35% | — | — |
| 17 Mar 2017 | ₹ 162.5 | — | 35% | — | — |
| 16 Mar 2017 | ₹ 162.5 | — | 35% | — | — |
Shankara Building Products IPO dates
Key dates from opening to listing. Today is 14 November.
- Open 22 Mar 2017
- Close 24 Mar 2017
- Allotment 30 Mar 2017
- Refund/credit 31 Mar 2017
- Listing 05 Apr 2017
Shankara Building Products IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹460 |
|---|---|
| GMP-based estimate (pre-listing) | ₹602 (+30.9%) |
| Listing gain / loss | +₹95.05 per share |
| Listing date | 05 Apr, 2017 |
| Actual listing price | ₹555.05 (+20.66%) |
Is Shankara Building Products IPO GMP reliable?
Grey market premium for Shankara Building Products IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Shankara Building Products IPO full review for a fundamentals-based assessment before making any grey market trades.
Shankara Building Products IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Shankara Building Products IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Shankara Building Products IPO
Shankara Building Products Limited is a retailer of home improvement and building products in India. Its promoter is Sukumar Srinivas.
Its stores sell structural steel, cement, TMT bars, hollow blocks, pipes and tubes, roofing, welding accessories, primers and solar heaters.
They also stock plumbing, tiles, sanitary ware, water tanks, plywood, kitchen sinks and lighting.
The IPO was Rs 345 crore, with Rs 45.00 crore of fresh issue and Rs 300.00 crore of offer for sale, at Rs 460, the top of the Rs 440 to Rs 460 band. The fresh money was mainly for repaying loans.
Frequently asked
What is the GMP of Shankara Building Products IPO?
The current Grey Market Premium (GMP) of Shankara Building Products IPO is ₹ 142.5.
What is the Kostak Price of Shankara Building Products IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Shankara Building Products IPO is not available.
What is the Subject to Sauda Price of Shankara Building Products IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Shankara Building Products IPO?
Shankara Building Products IPO listed on April 5, 2017 at ₹555.05, against the issue price of ₹460 — a gain of +20.66%.
How did the GMP of Shankara Building Products IPO trend before listing?
The GMP of Shankara Building Products IPO was stable in its final days before listing. The GMP peaked at ₹162.5 on 18 March 2017. View the day-wise table above for the complete GMP history.
Explore Shankara Building Products IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
