Investors eager to witness the grand debut of Shankara Building
Shankara Building Products is one of the very few companies in the country that is manufacturing building products for the million dollars worth real estate industry of India. The company’s impending IPO debut is already creating the right noise in the market. The investors are eagerly waiting for a mega foray of the Company on the NSE and BSE. Hni Cash Calls
The recent IPO worth Rs 350 crore was subscribed 41.88 times, and will soon make its grand entry in the bourses. The issue price was Rs 460, and it was sold between March 22 and March 24. The QIBs (qualified institutional buyers) had bid for shares 51.62 times and Non-institutional investors (NIIs), who include high net-worth individuals (HNIs), had affirmed Stock Option Platinum their quota limit in the IPO by 90.98 times, and the quota limit and retail investors 15.35 times their quota.
The Company offers an array of steel based products such as pipes, tubes, TMT bars and structural and other allied steel products.