Shankara Building Products IPO
Shankara Building Products IPO — date, price band, lot size & details 2017
Shankara Building Products listed on 5 Apr 2017 at ₹555.05, 20.7% above the ₹460 issue price.
Shankara Building Products retails home improvement and building products such as steel, cement, pipes, roofing, tiles and plumbing items. Its total income was Rs 1,775.01 crore in FY2016.
Stock price
Shankara Building Products is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
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
Issue summary
The terms of the offer, as filed.
| IPO Dates | 22 to 24 Mar, 2017 |
|---|---|
| Price Band | ₹440 – ₹460 |
| Face Value | ₹10 |
| Lot Size | 32 Shares |
| Issue Size | ₹345 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 14,720 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 32 shares at the ₹460 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 32 | ₹14,720 |
| Retail (max) | 13 | 416 | ₹1,91,360 |
| S-HNI (min) | 14 | 448 | ₹2,06,080 |
| S-HNI (max) | 67 | 2,144 | ₹9,86,240 |
| B-HNI (min) | 68 | 2,176 | ₹10,00,960 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Profit after tax rose from Rs 4.25 crore in FY2015 to Rs 10.98 crore in FY2016, and was Rs 13.74 crore in nine months to December 2016.
- 02It offers a wide range of building products under one roof; total income was Rs 1,775.01 crore in FY2016.
- 03Net worth was Rs 239.98 crore on 31 December 2016.
- 04Total borrowing fell from Rs 255.22 crore in FY2014 to Rs 143.40 crore in FY2016.
Risks · 5
- 01Profit after tax was only Rs 10.98 crore on income of Rs 1,775.01 crore in FY2016.
- 02Total income fell from Rs 1,884.02 crore in FY2014 to Rs 1,775.01 crore in FY2016.
- 03Rs 300.00 crore of the Rs 345 crore issue went to selling shareholders.
- 04Steel and cement prices drive its sales and margins, and borrowing rose to Rs 173.69 crore on 31 December 2016.
- 05Promoter holding fell from 62.45% before the issue to 56.20% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Shankara Building Products offer document.
| Metric | 31 Dec 2016 | 31 Mar 2016 | 31 Mar 2015 | 31 Mar 2014 |
|---|---|---|---|---|
| Assets | 604.64 | 591.32 | 550.52 | 595.64 |
| Total Income | 1,457.68 | 1,775.01 | 1,720.47 | 1,884.02 |
| Profit After Tax | 13.74 | 10.98 | 4.25 | 19.34 |
| EBITDA | 47.02 | 51.05 | 48.65 | 65.68 |
| NET Worth | 239.98 | 226.24 | 219.22 | 217.61 |
| Reserves and Surplus | 218.11 | 204.37 | 197.35 | 195.74 |
| Total Borrowing | 173.69 | 143.40 | 206.33 | 255.22 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Where the money goes
₹41.67 Cr of the issue is earmarked to named objects.
Shankara Building Products IPO Anchor Investors
16 anchor investors across 11 fund houses committed ₹103.50 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
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.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Shankara Building Products IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Equirus Capital Pvt.Ltd.
36 issues handledBest listing: G R Infraprojects (+105.0%). Weakest: Metro Brands (-12.6%).
HDFC Bank Limited
34 issues handledBest listing: G R Infraprojects (+105.0%). Weakest: Precision Camshafts (-11.3%).
IDFC Bank Ltd
10 issues handledBest listing: Dixon Technologies (India) (+54.3%). Weakest: New India Assurance (-6.3%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Shankara Building Products?
The current Grey Market Premium is ₹142.5, or 31% over the issue price.
What is the Shankara Building Products IPO price band?
₹440 to ₹460, on a face value of ₹10.
When is the allotment?
The basis of allotment is 30 March 2017, with listing on 5 April 2017.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
