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Shankara Building Products’ ₹345-crore initial public offer will open on March 22. It will close on March 24.
The company has fixed a price band of ₹440-460 a share. While ₹45 crore will be the fresh issue component, the remaining is an offer-for-sale by promoter Sukumar Srinivas and PE investor Reliance AIF.
The offer will constitute at least 25 per cent of the post-offer paid-up equity capital of the company. Shankara Building is an organised retailer of home improvement and building products with stores operating under the trade name Shankara BuildPro.
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