|Shankara Buildpro IPO Prospectus
|What Are Analysts Saying?
|Shankar Building Product IPO: Investors show bullish sentiment on company's growth prospect|
|Dynamic Equities Pvt Ltd, 24 Mar 2017|
|On the day of launch 22-Mar-17, the IPO was subscribed by over 51% in one day. It shows the bullish sentiment of investors and traders on company’s growth prospect. In such scenario, there is high probability that the IPO might be over subscribed. If an investor wants to invest in such IPO, try to apply for minimum quantity with high price band.|
|Shankara Building Products IPO: Reasons to "Subscribe" - Hem Securities|
|Hem Securities, 23 Mar 2017|
|At price band of Rs 440-460 ,p/e multiple will turn out to be 18- 19 on post issue annualized H1FY17 eps of company. Looking after fundamentals of company, issue looks attractive for long term Hence, Hem Securities recommend \"Subscribe\" on issue for long term investment horizon.|
|Shankara Building Products IPO: Nirmal Bang recommend subscribing to the issue|
|Nirmal Bang, 22 Mar 2017|
|The public issue of SBPL consists of fresh issue of Rs 45 cr and offer for sale of equity shares of Rs 300 cr from promoters group and private equity investor. The object of the issue is mainly to repay the debt and for general corporate purposes.|
|Jainam recommend to 'Avoid' the Shankara Buildpro IPO|
|Jainam Research, 22 Mar 2017|
|We at Jainam Wealth recommend our investors to \'AVOID\' to the Shankara Building Products Ltd. IPO. Price Band Rs.440 - 460. Issue open on 22nd March and close to 24th March. Market Lot 32 Shares.|
|SMC's IPO report on Shankara Building Products|
|SMC, 22 Mar 2017|
|Considering the P/E valuation on the upper end of the price band of Rs. 460, the stock is priced at pre issue P/E of 18.16x on its FY17 EPS of Rs. 25.33. Post issue, the stock is priced at a P/E of 18.97x on its EPS of Rs. 24.24.|
| Issue Details |
|Open Date: 22 Mar 17|
|Close Date: 24 Mar 17|
Rs. 45 Cr
|Min Application Amount:
|Min bid (No. of shares): 32
|Listing Exchanges: BSE, NSE|
| About the Company|
|"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."
| Objective of the Issue|
|"Objects of the Issue:
The object of the issue are:
1. Repayment or pre-payment of loans of the Company and VPSPL;
2. General corporate purposes;
3. Receive the benefits of listing of the Equity Shares on the Stock Exchanges; and
4. Enhancement of Company’s brand name and creation of a public market for the Equity Shares in India."
| Subscription Details|
|| No of times
|Qualified Institutional Investor
|Non Institutional Investor