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(As on Jan 03, 2017, 00:23)

Shankara Building get Sebi's nod for IPO

Bangalore-based retailer Shankara Building Products has received capital markets regulator Sebi's approval to raise funds through initial public offerings, reported PTI.

The company had filed IPO papers with Sebi on September 29. The markets regulator issued its final 'observations' on December 22 on the draft offer documents, which is necessary for any company to launch public offer.

Shankara Build Products' IPO comprises fresh issuance of shares worth Rs 500 crore and an offer for sale of 6,618,366 equity scrips by the existing shareholders.

The funds raised through the issue will used for repayment of loans and other general corporate purposes.

IDFC Bank, Equirus Capital HDFC Bank co-manager are the merchant bankers of the issue.

SEBI REGN NO -NSE CASH : INB231283533 NSE EQUITY DERIVATIVES : INF231283533 NSE CURRENCY DERIVATIVES : INE231283533 BSE CASH: INB011283539 BSE EQUITY DERIVATIVES: INF011283539
FMC unique member code - MCX : MCX/TCM/CORP/1033 NCDEX MEMBER ID:00884 FMC unique member code - NCDEX : NCDEX/TCM/CORP/0854
DP ID No. : 12052700   DP Sebi Reg.No.IN-DP-CDSL-432-2007
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