Shankara Building Products is reportedly planning to raise up to Rs 300 crore through a qualified institutional placement (QIP). This is the company’s second major fund-raise. The company has appointed ICICI Securities to advice on the fund-raise. The company is looking to raise capital for working capital needs, expanding its retail footprint and inorganic growth.
Shankara Building Products is one the leading organized retailers of home improvement and building products in India based on number of stores, operating under the brand name Shankara Buildpro.
