Shankara Building Products IPO: should you subscribe?
Amarjeet S Maurya, analyst, Angel Broking said, “At the upper end of the price band, the pre issue P/E multiple works out to be 18.2x of its annualized 9MFY17 numbers. On EV/Sales, the issue is valued at 0.6x of annualized 9MFY17 numbers. Considering its long term prospects and reasonable valuation, we recommend Subscribe rating on this issue.”
SBPL will make fresh issue of equity shares along with offer for sale (OFS) of over 0.65 crore equity shares. Photo: Pixabay