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Jainam recommend to 'Avoid' the Shankara Buildpro IPO -
Jainam recommend to 'Avoid' the Shankara Buildpro IPO
Jainam Research | Published: 22 Mar, 2017  | Source :

We at Jainam Wealth recommend our investors to “AVOID” to the Shankara Building Products Ltd. IPO considering high competitive industry, capital intensive nature of business, ~52% of revenue comes from Karnataka, lower profitability, lower interest coverage and company make repayment of only Rs.35 cr of loan out of Rs.270 cr. 

Price Band Rs.440 - 460. Issue open on 22nd March and close to 24th March. Market Lot 32 Shares.

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Jainam Research was incorporated in 2003 with the vision to be the most preferred organization providing all financial services across the country. The foundation is on "Value" Systems - "Value" addition to Corporate, Retails and HNI Individuals through superior Wealth Creation Practices.


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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor accept any liability whatsoever arising from the use of any of the above contents.