Shankara Building IPO Subscribed By 1 Time Till Noon On Second Day


Shankara Building Products Limited's IPO has been subscribed by 1 time on its second day of subscription. As per data available at National Stock Exchange (NSE) on March 23, 2017, at 1200 hours, the issue is subscribed by 1 time on its second day of subscription.

The total bids received stands at 53,02,400 while total bids received at cut-off price stands at 40,46,496. The total issue size of the IPO consists of up to 58,94,467 Equity Shares. The company has 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.

Retailers of home improvement and building products in India, Shankara Building Products Limited has an active IPO ongoing, which closes on March 24, 2017.

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