What is the price band of the Shankara Building Products IPO?

The price band is ₹440–460 per share, and the final issue price is ₹460.

What is the lot size of the Shankara Building Products IPO?

One lot is 32 shares, so the minimum retail bid is ₹14,720 at the upper end of the price band.

When is the Shankara Building Products IPO listing date?

The shares listed on 05 April 2017.

How many times was the Shankara Building Products IPO subscribed?

It was subscribed 41.9x overall: QIB 51.6x, NII 90.7x and retail 15.3x (NSE and BSE together).

Shankara Building Products IPO

Shankara Building Products Limited (SHANKARA) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 05 April 2017.

Listed 5 Apr Subscribed 41.9x Listing gain +20.7%

Issue details

Price band

₹440–460

Issue price

₹460

Lot size

32 shares

Min. retail bid

₹14,720

Max. retail bid

13 lots (₹1,91,360)

Issue size

₹349 Cr

Face value

₹10

Bidding

22 Mar – 24 Mar 2017

Listing

05 Apr 2017

Retail quota

35%

Registrar

Karvy Computershare Private Limited

Listing day

Listed at

₹555

+20.7% vs issue price ₹460

Day's high

₹636

+38.3% · low ₹555 (+20.6%)

Day's close

₹632

+37.5% · traded ₹1,239 Cr

Subscription status

Category	Shares offered	Shares bid for	Subscribed
QIB (institutions)	15,22,232	7,85,84,928	51.6x
NII (HNI) total	11,31,671	10,26,18,976	90.7x
Retail	26,40,564	4,05,34,240	15.3x
Total	52,94,467	22,17,38,144	41.9x

Bids on NSE and BSE together, as published by NSE. Shares offered exclude the anchor portion. 16% of all shares bid for were at the cut-off price.

Past IPOs with similar demand

Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Shankara Building Products's, and how they listed.

IPO	QIB	NII	Retail	Total	Size	Listing gain	Day high
TeamLease ServicesFeb 2016	27.0x	185x	10.6x	66.0x	₹450 Cr	+1.2%	+21.4%
BSEJan 2017	48.6x	159x	6.48x	51.2x	₹1,243 Cr	+34.6%	+48.9%
Thyrocare TechnologiesApr 2016	73.2x	225x	8.73x	73.5x	₹479 Cr	+49.1%	+49.1%
Ujjivan Financial ServicesMay 2016	33.8x	135x	4.02x	40.7x	₹892 Cr	+10.4%	+16.5%
GNA AxlesSep 2016	17.2x	217x	11.8x	54.9x	₹130 Cr	+21.7%	+26.5%
RBL BankAug 2016	85.1x	198x	5.70x	69.6x	₹1,219 Cr	+21.9%	+35.8%

Lead managers and their listing record

Book running lead manager	Mainboard IPOs since 2019	Avg listing gain	Listed at a premium
IDFC Bank	—	—	—
Equirus Capital	34	+21.3%	74%
HDFC Bank	16	+15.8%	75%

Offer documents (NSE)

Red Herring Prospectus (zip) Basis of issue price (zip) Anchor allocation (zip)

Frequently asked

What is the Shankara Building Products IPO price band and lot size? ₹440–460 per share, with a lot of 32 shares, so the smallest retail bid is ₹14,720.

How many times has it been subscribed? 41.9x overall: QIB 51.6x, NII 90.7x, retail 15.3x.

How did it list? It opened at ₹555, +20.7% against the issue price of ₹460, and closed its first day +37.5%.

Other IPOs of 2017

Astron Paper & Board Mills Future Supply Chain Solutions Shalby HDFC Standard Life Insurance Company Khadim India The New India Assurance Company Mahindra Logistics Reliance Nippon Life Asset Management All 2017 IPOs →

Important: The AI listing estimates on Flash Finance are statistical estimates drawn from how past Indian IPOs have listed. They are not a forecast of what any IPO will do, not a recommendation to apply, buy or sell, and not investment advice. Listing prices depend on market conditions on the listing day and can differ widely from any estimate; past patterns may not repeat. Subscription figures are as published by NSE (bids on NSE and BSE together) and can be revised. Flash Finance is not a SEBI-registered investment adviser or research analyst. Read the issue's Red Herring Prospectus and consult a SEBI-registered adviser before you invest.