Jainam recommend to 'Avoid' the Shankara Buildpro IPO

Jainam Research | July 13, 2015, midnight

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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