Company Profile
Incorporated in 1995, Shankara Building Products Ltd is retailers of home improvement and building products in India. They offer a wide range of products at their stores which includes structural steel, cement, TMT bars, hollow blocks, pipes and tubes, roofing solutions, welding accessories, primers, solar heaters, plumbing, tiles, sanitary ware, water tanks, plywood, kitchen sinks, lighting and other allied products.
As of September 24, 2016, they operated 100 Shankara BuildPro stores covering the end-user segments of urban and semi-urban markets in Andhra Pradesh, Goa, Gujarat, Karnataka, Kerala, Maharashtra, Odisha, Tamil Nadu, Telangana, and Puducherry. The company also manufactures, assembles, processes, trades in, imports, exports, or deals in a range of steel sheets, steel roofing sheets, walling products, accessories, and steel structures and purlins used for construction of various types of building structures, as well as steel pipes, tubes and pipe fittings and iron and steel and allied products and engages in general hardware and general wholesale trading activities.
They serves home owners, architects and contractors and small enterprises and housing, general engineering, automotive, renewable energy, agriculture, and construction and infrastructure sectors. They also carry reputed third party brands such as Sintex, Uttam Galva, Uttam Value, Futura, APL Apollo and Alstone and their own brands such as CenturyRoof, Ganga and Loha at their retail stores.
Object of the Issue
The net proceeds of the IPO are proposed to be used as set forth below:
- Repayment or pre-payment of loans of the Company and VPSPL;
- General corporate purposes;
- Receive the benefits of listing of the Equity Shares on the Stock Exchanges; and
- Enhancement of Company’s brand name and creation of a public market for the Equity Shares in India.
Promoters of the Company
The Promoters of the Company are:
- Sukumar Srinivas
Offer Period
Wednesday, 22 Mar 2017 - Friday, 24 Mar 2017
Price Band
Rs. 440 - Rs. 460 Per Equity Share
Face Value
Rs 10/- per equity share
Bid Lot
32 Equity Shares and in multiples thereof
Issue Size
- Fresh Issue of [.] Equity Shares of Rs 10 aggregating up to Rs 45.00 Cr
- Offer for Sale of 6,521,740 Equity Shares of Rs 10 aggregating up to Rs [.] Cr
Listing
National Stock Exchange (NSE), Bombay Stock Exchange (BSE)