Shankara Building Products IPO Subscription Status
Shankara Building Products IPO was subscribed 42.23 times when bidding closed on 24 Mar 2017: QIB 52.39x, NII 91.22x, Retail 15.44x.
The Shankara Building Products IPO has been subscribed 42.23x times overall. Retail investors have shown interest with bids for 15.44x the shares available. The Non-Institutional Investor (NII) category has been subscribed 91.22x. Qualified Institutional Buyers (QIBs) have subscribed 52.39x. Data last updated on 12 Nov, 03:11 PM.
The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 22 Mar, 2017 and closes on 24 Mar, 2017. The shares are expected to list on stock exchanges on 05 Apr, 2017.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Live bidding
Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.
| Category | Bid details | Times |
|---|---|---|
| QIB | - of - - | 52.39x |
| NII | - of - - | 91.22x |
| Retail | - of - - | 15.44x |
| TOTAL | - - | 42.23x |
Shankara Building Products IPO allotment probability
Your odds of an allotment in each category at the current subscription.
Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.
Subscription insights
What the current book is saying, read off the category numbers above.
Retail Allotment
Subscription is above 1x. While a lottery is guaranteed, your probability of allotment is approximately 6.5% for a single lot.
Institutional Backing
Massive institutional interest with QIBs subscribing 52.39x. This often signals long-term confidence from professional funds.
Day-wise subscription history
End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
24 Mar 2017
Day 3 |
42.23x | ▼ | |
|
QIB52.39x
BHNI-
SHNI-
Retail15.44x
|
|||
|
23 Mar 2017
Day 2 |
2.49x | ▼ | |
|
QIB-
BHNI-
SHNI-
Retail-
|
|||
|
22 Mar 2017
Day 1 |
0.51x | ▼ | |
|
QIB-
BHNI-
SHNI-
Retail-
|
|||
Shankara Building Products IPO dates
From the bidding window 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
Anchor investor allocation
Shares allotted to anchor investors the working day before the issue opened.
What does this subscription data mean?
IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:
- 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
- 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
- 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
- 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.
Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.
Frequently asked
What is the current subscription status of Shankara Building Products IPO?
As of IPO close date (24 Mar, 2017), the Shankara Building Products IPO is subscribed 42.23x times. Retail category is 15.44x, and NII is 91.22x subscribed.
When is the allotment date for Shankara Building Products IPO?
The allotment for Shankara Building Products IPO is expected to be finalized on 30 March, 2017.
What is the GMP of Shankara Building Products?
The Grey Market Premium (GMP) for Shankara Building Products is currently ₹142.5, indicating a potential listing gain of 31%.
When will Shankara Building Products IPO list on the stock market?
Shankara Building Products is scheduled to list on BSE and NSE on 05 April, 2017.
What are the chances of getting allotment in Shankara Building Products IPO?
The retail category is oversubscribed at 15.44x, meaning allotment is by lottery. Statistically, approximately 1 in 16 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 52.39x mean for Shankara Building Products IPO?
Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 52.39x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.
How to check Shankara Building Products IPO allotment status?
After the allotment date (30 Mar, 2017), you can check your Shankara Building Products IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.
Explore Shankara Building Products IPO further
Track every stage of this IPO, from subscription to listing.
It has listed — go back to the fundamentals.
Live grey market premium, Kostak and Subject to Sauda, with the day-wise trend.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
Subscription moves by the hour. Get it on your phone.
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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
