Business Standard

Shankara Building Products makes a strong debut; ends 38.7% higher

The stock listed at Rs 555 on the NSE, a 21% premium against its issue price of Rs 460

IPO
Premium

IPO

SI Reporter Mumbai
Shankara Building Products (SBPL) listed at Rs 555 on the National Stock Exchange (NSE), a 21% premium against its issue price of Rs 460. On the BSE, the stock opened at Rs 545, an 18% higher against its issue price.

The stock ended at Rs 638, 38.7% above its issue price and 175 above its open price. A combined 6.24 million shares changed hands on the counter on BSE and NSE so far.

The retailer of home improvement and building products has raised Rs 345 crore through initial public offer (IPO), which got a strong response from all types

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in