Shankar Building Product IPO: Investors show bullish sentiment on company's growth prospect
- Rate this article (Average Rating 0.0 Based on 0 ratings)
IPO: Shankar Building Product Ltd is entering into the primary market through an IPO to raise Rs.345 crores at the upper end. The price band of IPO is set between Rs.440 to Rs.460. From FY2015 to FY2016, PAT has increased by 158%. (FY2015 PAT: Rs.42.47 Millions and FY2016 PAT: Rs.109.77 Millions).
From FY2015 to FY2016, Reserve & Surplus of company has increased by more than 16% (FY2015: 2313.60 to FY2016: 2687.33). In current Share Holding Pattern, Promoters of company are carrying 62.4% and Others are 37.6%. Post IPO share holding pattern will stand as Promoters will carry 56.2% and Others 43.8%.
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. The Lead manager to the offer are IDBI Bank, Equirus Capital, HDFC Bank and Registrar to offer is Karvy. The last date to subscribe for Shankara Building Product Ltd IPO is 24-Mar-17.
Click here to read the full report
Dynamic Equities Pvt. Ltd. is a a SEBI Registered Investment Advisor and Stock Broker, a leading financial services provider, and one of the major players in the Equity markets in India. With an experience of over 15+ years in Stock Markets and Equity Research, they provide daily updated Support & Resistance of 4200 instruments across 93 exchanges and 56 countries globally. They have an in-house team of over 25 analysts. Under the guidance and mentorship of Mr. Shailesh Saraf, MD of Dynamic Equities Pvt. Ltd., these analysts are dedicately involved in guiding their clients and users of the website www.dynamiclevels.com for trading in the market. Mr. Shailesh Saraf has an experience of over 24 years in the financial market, especially in capital & derivatives market operations, trading, research and management related areas. Dynamic Levels is a website owned by Dynamic Equities Pvt. Ltd. The website can be reached at www.dynamiclevels.com.
For more information please write in to [email protected]
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 IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.
- Shankara Building Products IPO: Reasons to "Subscribe" - Hem Securities
- Shankara Building Products IPO: Nirmal Bang recommend subscribing to the issue
- Jainam recommend to 'Avoid' the Shankara Buildpro IPO
- SMC's IPO report on Shankara Building Products
- Shankara Building Products IPO: Opt the issue for medium to long term
Have a question?
Unmesh Deshmukh, Founder - Bonvista Financial Planners
|Aditya Trading Solutions|
Also On IndiaNotes.Com
- How to get Real Gains from Your Mutual Funds
- Renovating your house? How will home insurance help you?
- Wipro Q4FY17: Better-than-expected earnings for the quarter
- Indiabulls Hsg Fin Q4FY17: Consolidated net profit up 24% y/y beating market estimates