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Shankara Building Products IPO News
Shankara Building Products IPO
Shankara Building Products IPO fully subscribed on Day 2
Thu, Mar 23, 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.
Shankara Building Products IPO: should you subscribe?
Wed, Mar 22, 2017
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.”
Two IPOs headed for markets this week, eye Rs 584 crore
Sun, Mar 19, 2017
So far this year, Music Broadcast and leading stock exchange BSE have got listed.