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Shankara Building IPO subscribed 51% on Day 1

Shankara Building IPO subscribed 51% on Day 1

Wednesday, March 22, 2017, 8:52 PM

The initial public offer of Shankara Building Products was subscribed 51% on the first day of the issue today. The IPO received bids for 27,00,704 shares against the total issue size of 52,94,467 shares, data available with the NSE showed. Non Institutional Investors category was subscribed 10%, while retail investors portion 98%. The company's three-day initial share sale will close on March 24.
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