Sukumar Srinivas, MD, Shankara Building Products Ltd., with Siddhartha Mundra, Director, at a press conference to announce the company's IPO in Mumbai. | Photo Credit: Paul Noronhamore-inShankara Building Products on Wednesday made a strong debut on the bourses with its shares listing at Rs 555.05 on NSE, a 20.66 per cent premium over the issue price. The shares opened on the National Stock Exchange (NSE) at Rs 555.05 apiece compared to the initial public offering price of Rs 460. After strong opening, it touched an intra-day high of Rs 629.90, up 37 per cent over issue price. On the BSE, the stock opened at Rs 545, up 18.5 per cent over the issue price.

Source: The Hindu April 05, 2017 07:18 UTC