Home > market > stock-market-news > Shankara Building IPO: Shares to list on 5 April

New Delhi: Shankara Building Products, which recently concluded its Rs350 crore initial public offer, will list its shares on the stock exchanges on 5 April.

The IPO, which was open from 22-24 March, was subscribed 41.60 times. The price band was fixed at Rs440-460 per share. The portion set aside for qualified institutional buyers (QIBs) was subscribed 51.62 times, while that for non-institutional investors 90.68 times.

Also Read| Shankara Building IPO subscribed 41.60 times on last day

The retail investor category witnessed a subscription of 15.35 times. The IPO comprised fresh issue of shares worth Rs45 crore and an offer for sale of little over 65 lakh shares.

The Bengaluru-based company is an organised retailer of home improvement and building products in India. IDFC Bank, Equirus Capital and HDFC Bank were book running lead managers to the offer.

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