If you are seeking to know more about Shankar Bulding IPO Allotment and status of Allotment, we’ve all the important information about the Shankara Building IPO Allotment Status checking procedure. Also check Link In Time IPO Allotment Status and Karisma Karvy IPO Allotment Status.
Please follow ahead to know how to check allotment status
Shankara Buildings Outstanding credit report
|Particuars||No.of creditors||Aggrigate amount due(amount is in INR millions)|
|Amount due less than 1 lakh||578||15.97|
|Amount due 1 lakh&:above and less than 5 lakhs||216||51.35|
|Amount due 5 lakh&:above and less than 10 lakhs||73||51.6|
|Amount due 10 lakh&:above||142||1776.97|
Shankara Building IPO Allotment – Risks to Investors
- The three (3) BRLMs associated with the Offer have handled four (4) public issues in the past three years out of which two (2) issues closed below the issue price on listing date.
- The average cost of acquisition of Equity Shares for our Promoter, Sukumar Srinivas and Reliance Alternative Investments Fund – Private Equity Scheme I, is ` 3.22 and ` 92.56, per Equity Share, respectively, and the Offer Price at the higher end of the Price Band is `460.
- There are no listed peers engaged in the Company’s line of business.
- The Price/Earnings ratio based on Diluted Earnings Per Share for the Financial Year 2016, at the higher end of the Price Band, is as high as 24.34 on consolidated basis and 91.63 on standalone basis, as compared to Price/Earnings ratio of the CNX Nifty 50 Index of 23.20 and BSE SENSEX Index of 22.06 (as on March 10, 2017).
The Offer Price will be determined by our Company and the Selling Shareholders, in consultation with the Book Running Lead Managers (“BRLMs”), on the basis of assessment of market demand for the Equity Shares offered through the Book Building Process and on the basis of quantitative and qualitative factors as described below. The face value of the Equity Shares is `10 each and the Offer Price is 44.0 times the Face Value at the lower end of the Price Band and 46.0 times the Face Value at the higher end of the Price Band. Investors should also refer to “Our Business”, “Risk Factors” and “Financial Statements” on pages 90, 15 and 142 of the RHP, respectively, to have an informed view before making an investment decision. Qualitative Factors : We believe that the following business strengths allow us to successfully compete in the industry: • Providing our customers a unique experience by offering a comprehensive range of home improvement and building products; • Our strong vendor network and relationship built over two decades; • Our presence across the entire value chain; • Robust back-end infrastructure ensuring efficient supply chain management; • Strong track record and financial stability; and • Experienced and dedicated management team. For details, see “Our Business – Competitive Strengths” on page 91 of the RHP. Quantitative Factors : The information presented below relating to our Company is based on the Restated Standalone Financial Statements and the Restated Consolidated Financial Statements prepared in accordance with Indian GAAPand the Companies Act, 1956 and restated in accordance with the SEBI ICDR Regulations. For details, see “Financial Statements” on page 142 of the RHP.
More details about Shankara Bulding IPO Allotment Status Check
In case of any revision to the Price Band, the Bid/Offer Period will be extended by at least three additional Working Days after such revision of the Price Band, subject to the Bid/Offer Period not exceeding 10 Working Days. Any revision in the Price Band and the revised Bid/Offer Period, if applicable, will be widely disseminated by notification to the Stock Exchanges, by issuing a press release, and also by indicating the change on the website of the BRLMs and at the terminals of the members of the Syndicate. In terms of Rule 19(2)(b)(I) of the Securities Contracts (Regulation) Rules, 1957, as amended (“SCRR”), this is an Offer for at least 25% of the post-Offer paid-up equity share capital of our Company. The Offer is being made through the Book Building Process in accordance with Regulation 26(1) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (the “SEBI ICDR Regulations”), wherein 50% of the Offer shall be allocated on a proportionate basis to Qualified Institutional Buyers (“QIBs”) (“QIB Portion”), provided that our Company and the Selling Shareholders may, in consultation with the BRLMs, allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis (“Anchor Investor Portion”) at the Anchor Investor Allocation Price, out of which one-third shall be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price, in accordance with the SEBI ICDR Regulations. 5% of the QIB Portion (excluding the Anchor Investor Portion) shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer Price. Further, not less than 15% of the Offer shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Offer shall be available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price. All potential investors, other than Anchor Investors, are required to mandatorily use the Application Supported by Blocked Amount (“ASBA”) process providing details of their respective bank accounts which will be blocked by the Self Certified Syndicate Banks (“SCSBs”). For details, see “Offer Procedure” on page 198 of the RHP. In accordance with the FEMA Regulations, participation by Non-Resident investors in the Offer is restricted to (i) FPIs (investing under the portfolio investment scheme in accordance with Schedule 2Aof the FEMARegulations); (ii) FIIs (investing under the portfolio investment scheme in accordance with Schedule 2 of the FEMARegulations); and (iii) Eligible NRIs (investing on a non-repatriation basis in accordance with Schedule 4 of the FEMARegulations). below are the names of the signatories of the Memorandum of Association of the Company and the number of Equity Shares subscribed by them at the time of signing of the Memorandum of Association of the Company: Sukumar Srinivas, Lalitha Neelakantan and Ammani Ammal, 100 Equity Shares each, aggregating to 300 Equity Shares of ` 10 each. LISTING : The Equity Shares to be offered through the RHP are proposed to be listed on the BSE and the NSE. Our Company has received an ‘in-principle’approval from the BSE and the NSE for the listing of the Equity Shares pursuant to letters dated October 25, 2016 and November 11, 2016, respectively. For the purposes of the Offer, the Designated Stock Exchange shall be BSE. A copy of the RHP and the Prospectus shall be delivered for registration to the RoC in accordance with Section 26(4) of the Companies Act, 2013. For details of the material contracts and documents which will be available for inspection from the date of the RHP, up to the Bid/Offer Closing Date, see “Material Contracts and Document for Inspection ” on page 321 of the RHP. DISCLAIMER CLAUSE OF THE SECURITIES AND EXCHANGE BOARD OF INDIA(“SEBI”):SEBI only gives its observations on the Offer documents and this does not constitute approval of either the Offer or the specified securities or the Offer document. The investors are advised to refer to page 180 of the RHP for the full text of the Disclaimer Clause of SEBI. DISCLAIMER CLAUSE OF BSE (THE DESIGNATED STOCK EXCHANGE): It is to be distinctly understood that the permission given by BSE Limited should not in any way be deemed or construed that the Red Herring Prospectus has been cleared or approved by BSE Limited nor does it certify the correctness or completeness of any of the contents oftheRedHerringProspectus.Theinvestors areadvisedtorefertopage184oftheRedHerringProspectus forthefull textoftheDisclaimerClauseofBSELimited. DISCLAIMER CLAUSE OF NSE: It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the offer document has been cleared or approved by NSE nor does it certify the correctness or completeness of any of the contents of the offer document. The investors are advised to refer to page 184 of the RHPfor the full text of the Disclaimer Clause of NSE. Bidder/Applicant should note that on the basis of PAN, DP ID and Client ID as provided in the Bid cum Application Form, the Bidder/Applicant may be deemed to GENERALRISKS: Investments in equity and equity-related securities involve a degree of risk and investors should not invest any funds in the Offer unless they can afford have authorised the Depositories to provide to the Registrar to the Offer, any requested Demographic Details of the Bidder/Applicant as available on the records to take the risk of losing their entire investment. Investors are advised to read the risk factors carefully before taking an investment decision in the Offer. For taking an of the depositories. These Demographic Details may be used, among other things, for unblocking of ASBAAccount or for other correspondence(s) related to the investment decision, investors must rely on their own examination of our Company and the Offer, including the risks involved. The Equity Shares in the Offer have not been Offer. Bidder/Applicant are advised to update any changes to their Demographic Details as available in the records of the Depository Participant to ensure recommended or approved by SEBI, nor does SEBI guarantee the accuracy or adequacy of the contents of the RHP. Specific attention of the investors is invited to “Risk accuracy of records. Any delay resulting from failure to update the Demographic Details would be at the Bidder/Applicant sole risk. Bidder/Applicant should Factors” begining on page 15 of the RHP. ensure that PAN, DP ID and the Client ID are correctly filled in the Bid cum Application Form. The PAN, DP ID and Client ID provided in the Bid cum Application RISK IN RELATION TO THE FIRST OFFER: This being the first public issue of our Company, there has been no formal market for the Equity Shares of our Company. The Form should match with the PAN, DP ID and Client ID available in the depository database, otherwise, the Bid cum Application Form is liable to be rejected. face value of the Equity Shares is `10 and the Floor Price is 44.0 times the face value and the Cap Price is 46.0 times the face value. The Offer Price (determined and Bidder/Applicant should ensure that the beneficiary account provided in the Bid cum Application form is active. justified by our Company and the Selling Shareholders, in consultation with the BRLMs, as stated under “Basis for Offer Price” on page 73 of the RHP) should not be taken CONTENTS OF THE MEMORANDUM OF THE COMPANY AS REGARDS ITS OBJECTS: For information on the main objects of the Company, see “History and Certain to be indicative of the market price of the Equity Shares after the Equity Shares are listed. No assurance can be given regarding an active or sustained trading in the Equity Corporate Matters” on page 109 of the RHP and Clause III of the Memorandum of Association of the Company. The Memorandum of Association of the Company is a material Shares or regarding the price at which the Equity Shares will be traded after listing. document for inspection in relation to the Offer. For details, see “Material Contracts and Documents for Inspection” on page 321 of the RHP. ISSUER’S AND SELLING SHAREHOLDERS’ ABSOLUTE RESPONSIBILITY: Our Company, having made all reasonable inquiries, accepts responsibility for and LIABILITYOF THE MEMBERS OF THE COMPANY: Limited by shares confirms that the RHP contains all information with regard to our Company and the Offer, which is material in the context of the Offer, that the information contained in the RHP is true and correct in all material aspects and is not misleading in any material respect, that the opinions and intentions expressed therein are honestly held and that AMOUNT OF SHARE CAPITALOF THE COMPANYAND CAPITAL STRUCTURE: The authorised, issued, subscribed and paid up share capital of the Company as on the there are no other facts, the omission or inclusion of which makes the RHP as a whole or any of such information or the expression of any such opinions or intentions date of the RHPis as follows: The authorised capital of the Company is ` 250,000,000 divided into 25,000,000 Equity Shares of ` 10 each. The issued, subscribed and paid-up misleading in any material respect. Further, the Selling Shareholders severally accept responsibility that the RHP contains all information about them as Selling share capital of the Company is ` 218,710,370 divided into 21,871,037 Equity Shares of ` 10 each. For details, see “Capital Structure” beginning on page 59 of the RHP. Shareholders in the context of the Offer for Sale and further severally assume responsibility for statements in relation to them included in the RHP and the Equity Shares NAMES OF SIGNATORIES TO THE MEMORANDUM OF ASSOCIATION OF THE COMPANYAND THE NUMBER OF EQUITYSHARES SUBSCRIBED BYTHEM: Given offered by them in the Offer and that such statements are true and correct in all material respects and not misleading in any material respect.
Shankar Building IPO Customer Care Information
G2 Farah Winsford
133 Infantry Road Bangalore 560 001
Phone: – 080 40117777
Fax: – 080 41119317
Check their website for more details. Links are mentioned below