Shankara Buildpro Ltd. (SBP) will begin trading at an adjusted price on Thursday, Oct 8, following the 1:5 split announced on Aug 6. The face value drops from ₹10 to ₹2 per share, so each existing share converts into five.
Holdings snap to new numbers overnight: a shareholder with 100 shares at ₹10,000 each will now own 500 shares, still worth ₹10,000, because the price will be pro‑rated to the split ratio.
The split aims to improve liquidity for smaller investors, and the market has already responded. Shares closed at ₹1,300 on Wednesday, just shy of a 0.5% move, yet the year‑to‑date rally stands at 60%.
Ownership concentration remains tight: promoters hold 40.2%, while over 22,000 small‑retail investors own about 14.6% as of the June quarter. The split may dilute promoter holdings slightly but does not alter the overall capital structure.
With the record date set, investors holding shares in demat as of Wed’s close will receive the split. Those buying after Oct 8 will see the adjusted price reflected immediately on both NSE and BSE.
Market watchers will keep an eye on intraday volatility as the split takes effect. Analysts suggest the move could attract a new wave of retail buyers, potentially pushing the price higher in the coming weeks.