Shankara Pipes IPO Subscription Soon

December 28, 2007

Shankara Pipes IPO will enter the equity markets with an public issue of 6.11 million equity shares of Rs 10 each with the premium to be decided later through the book building process. The company has recently filed DRHP with the SEBI and is awaiting approval. Shankara Pipes is a Bangalore based Steel Tubes and Pipes Distributor with India wide presence. Shankara Pipes IPO will dilute around 30 per cent paid up capital of the company after the issue and the company plans to list the Shankara Pipes IPO on the BSE and NSE. BRLM to Shankara Pipes IPO is Keynote Corporate Services Limited. More information and updates regarding the Shankara Pipes IPO will be done soon. Do visit us regularly for updates on Shankara Pipes IPO Subscription and the Shankara Pipes IPO Allotment news.

Posted in IPO-Subscription, Indian IPOs