 "Shankara")
Shankara Building Products (SBPL) moved higher by 9% to Rs 1,097, its highest level since listing on April 5, 2017 on BSE.
The stock zoomed 138% against its initial public offer (IPO) price of Rs 460 per share.
The company raised Rs 345 crore through public issue, subscribed 41.88 times. The portion for qualified institutional buyers (QIBs) was subscribed 51.62 times, while the high net worth individual quota was subscribed 90.68 times. The retail investors’ category was subscribed 15.35 times.
The institutional investors led by mutual funds and foreign portfolio investors (FPIs) have increased their stake in
The stock zoomed 138% against its initial public offer (IPO) price of Rs 460 per share.
The company raised Rs 345 crore through public issue, subscribed 41.88 times. The portion for qualified institutional buyers (QIBs) was subscribed 51.62 times, while the high net worth individual quota was subscribed 90.68 times. The retail investors’ category was subscribed 15.35 times.
The institutional investors led by mutual funds and foreign portfolio investors (FPIs) have increased their stake in
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