Shankara Building Products Ltd., is coming out with an Initial Public Offer
of Equity shares of face value of Rs.10/- each with premium of Price band
fixed from Rs.440/- To Rs.460/- per equity share aggregating Rs.450 million.
& an offer for sale upto 6,521,740 equity shares.
|Mr.Sukumar Srinivas,Mg.Director of the Company addressing Media.|
Objects of the Issue are:
1.Repayment or prepayment of loans of the company.
2.General Corporate purposes.
3.Listing of Equity shares in BSE & NSE.
The issue opens On:March,22,2017 & Closes of March,24,2017.
About the Company:
Shankara Building Products Ltd., is one of the leading organised retailers
of home improvement & building products.The Company has 103 stores
in the country with an average size of 3624 sq.ft.The company serves home
owners,professional customers(such as architects & contractors) and
small enterprises through its retail stores.The Company was promoted by
Mr.Sukumar Srinivas,an alumnus of IIM,Ahmedabad & is a first
generation entrepreneur, having 33 years of experience in the building