Shankara Building Products Ltd is one of the leading organised retailers of home improvement and building products in India based on number of stores, operating under the trade name “Shankara BuildPro”. As on December 2016, the company operates 103 Shankara BuildPro stores spread across 9 states and 1 union territory in India. It offers 74 products across 19,230 SKUs (as on December 31, 2016). The company caters to a large customer base across various end-user segments in urban and semi-urban markets through a multi-channel sales approach, processing facilities, and supply chain and logistics capabilities.
Under retail operations, Shankara offers a comprehensive range of products at stores, including structural steel, cement, TMT bars, hollow blocks, pipes and tubes, roofing solutions, welding accessories, primers, solar heaters, plumbing, tiles, sanitary ware, water tanks, plywood, kitchen sinks, lighting and other allied products. Shankara’s enterprise sale caters primarily to large end-users, contractors, and OEMs, while the channel sales caters to dealers and other retailers through the extensive branch network. It caters to multiple sectors, including, among others, housing, general engineering, automotive, renewable energy, agriculture, construction and infrastructure. Shankara is also backward integrated through processing facilities in select building products like steel pipes, colour coated roofing sheets, bright rods, galvanized strips and cold rolled strips.
Objects of the Issue:
• Repayment or pre-payment of loans of the company and VPSPL;
• General corporate purposes;
• Receive the benefits of listing of the equity shares on the stock exchanges; and
• Enhancement of company’s brand name and creation of a public market for the equity shares in India.
The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
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