Shankara BuildPro Files For IPO With SEBI:
As lot of companies have already listed this year on stock exchange and still there are many companies which have filed their papers and are waiting for approval of SEBI. One more company Shankara BuildPro files its draft papers with SEBI for its Initial Public Offer (IPO).
Bangalore-based retailer Shankara BuildPro, which is into home improvement and building products, has filed for an initial public offering (IPO) to raise about Rs 450 crore.
The company proposes to mop up between Rs 400 crore and Rs 450 crore through the sale, which will involve promoters and investors diluting their stakes to the tune of 35 per cent.
The proposed IPO will enable private equity firm Fairwinds, which had pumped in close to Rs 120 crore in 2011, to exit Shankara.
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In Between Endurance Technologies IPO (Endurance Tech IPO) bidding is going to start from October 05, 2016.
While lot of SME IPO’s are going to be active in current week.
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