LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Companies News

Shankara Building Products IPO fully subscribed on Day 2

The company plans to raise Rs 345 crore (including both fresh issue and OFS). Price band has been fixed at lower band of Rs 440 per piece and upper band of Rs 460 per piece.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Shankara Building Products IPO fully subscribed on Day 2
Data available at NSE showed, the IPO received bids for 53,02,400 shares against the total issue size of 52,94,467 shares. Photo: Reuters
Written By: ZeeBiz WebTeam
Updated: Thu, Mar 23, 2017
02:29 pm
Mumbai, ZeeBiz WebDesk
RELATED NEWS
 Shankara Building Products IPO: should you subscribe? Shankara Building Products IPO: should you subscribe?
Two IPOs headed for markets this week, eye Rs 584 crore Two IPOs headed for markets this week, eye Rs 584 crore

Shankara Building Products Limited's (SBPL) IPO have been fully subscribed on its second day of issue. 

Data available at NSE showed, the IPO received bids for 53,02,400 shares against the total issue size of 52,94,467 shares till 1200 hours.

Investors are still bidding as second day of issue is yet to close. 

During first day of its issue, SBPL IPO received 51% bid of total equity shares offered. 

SBPL entered Indian markets by through the way of IPO. The issue got open on March 22, 2017 and will available till March 24, 2017.

The company plans to raise Rs 345 crore (including both fresh issue and OFS). Price band has been fixed at lower band of Rs 440 per piece and upper band of Rs 460 per piece.

Book running lead managers (BRLM) for SBPL IPO are IDFC Bank, Equirus Capital Private Limited and HDFC Bank.

Proceeds from this IPO is expected to be utilised for repayment or pre-payment of loans and general corporate purposes, it said. 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Shankara Building ProductsShankara Building Products IPOShankara Building Products IPO fully subscribedinitial public offeringMarketsBSENational Stock Exchangeprimary marketsInvestmentRetail chain
RELATED NEWS
 Shankara Building Products IPO: should you subscribe? Shankara Building Products IPO: should you subscribe?
Two IPOs headed for markets this week, eye Rs 584 crore Two IPOs headed for markets this week, eye Rs 584 crore

LATEST NEWS

Will Gold price touch Rs 50000 level? All the details you need to know now

In a chat with Anil Singhvi, EaseMyTrip's Prashant Pitti explains about new pact with Just Dial

7th Pay Commission Latest News Today: BUMPER! Earn up to Rs 1.19 lakh as per 7th cpc matrix with HRA, DA, TA in this UPSC recruitment 2021 drive

COVID-19: Hospitals in Delhi-NCR short on oxygen, send SOS to Govt - All details here

​Maharashtra govt comes out with new precautionary measures - check list of restrictions here

Banking, Financial & Metal Stocks to ICICI Securities - here are the top Buzzing Stocks today

Stocks in Focus on April 22: Nestle India, Pharma Stocks, Hero MotoCorp, HDFC to KEC International; here are the 5 Newsmakers of the Day

KVS Class 1 Admission List 2021-22 Postponed: First selection and waiting list was to be released tomorrow, revised dates to be notified soon - check all details here

Realme 8 5G India launch today: Check expected price, Live Streaming details, Specifications and more

Realme 8 5G smartphone launched in India at THIS price - Check camera, specifications, features and more

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved