ShankaraBuildPro& CDSL IPOs – Invest!
The torrential IPO showers in March continue!
Shankara Building Products IPO
The company is India’s one of the leading organised retailers of home improvement and building products. Under retail operations, it offers a comprehensive range of products at its 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.
GreenEdge Wealth Services View
Though not cheap, we recommend to subscribe to the IPO listing gains. However, given the huge demand for the IPO, there is a small probability of you getting an allotment.
Issue Details – Shankara Building Products
| Issue Open Date | 22nd March, 2017, Wed |
| Issue Close Date | 24th March, 2017, Fri |
| Issue Price (Rs.) | 440 to 460 |
| Market Lot | 32 (Retail investors should apply for 1 lot i.e. 32 shares only) |
| Minimum Application Size for Retail (Rs.) | 14,720 |
CDSL IPO – Your demat account
Central Depository Services (India) Limited (CDSL), a subsidiary of BSE Limited operates as a securities depository in India. They offer various services, such as account opening, dematerialization, processing delivery and receipt instructions, account statement, re-materialization, pledging, nomination, transmission of securities, change in address, bank account details and SMS services for depository participants.
GreenEdge Wealth Services View
We recommend to subscribe to the IPO for 30% to 40% listing gains. However, given the huge demand for the IPO, there is a small probability of you getting an allotment.
Issue Details – CDSL IPO (The below details are tentative)
| Issue Open Date | Last week of March |
| Issue Close Date | Last week of March |
| Issue Price (Rs.) | 115 to 135 |