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Shankara Building IPO: Shares gain 35% on listing

Shankara Building IPO: Shares gain 35% on listing

Wednesday, April 5, 2017, 12:13 PM

Shares of Shankara Building Products Ltd (SBPL) on Wednesday jumped over 35% on debut, following subscription of 41.6 times for the initial public offering (IPO) of Rs 350 crore last week. At 11.09 am, the shares of the company, which manufactures building products, were up 35.22% to Rs 622 from its issue price of Rs 460 a share.
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