Shankara Building Products Ltd.'s IPO Got Subscribed By 16%

Shankara Building Products Limited's IPO has been subscribed by 16% as on 1215 hours, on its first day of subscription. As per the data available with National Stock Exchange of India (NSE) as on 1215 hours, the total bids received by the issue stood at 8,66,912 while the total bids received at cut off price stood at 7,59,168.

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

Initial public offerings (IPOs) have been getting more attention from the investors as seen in the recent IPOs. The company which is among few organised, third party retailers of building products, provides a much wider product portfolio as compared to its rivals.

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About Suhani Varma

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