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Shriram Properties IPO

IPO Status: Closed [8th Dec 2021 to 10th Dec 2021]

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Shriram Properties IPO Detail

Shriram Properties IPO of Rs. 600 cr comprising a fresh issue of Rs. 250 Cr and an offer for sale of Rs. 350 Cr is coming soon to list on the BSE and NSE. The IPO opens for subscription from 8 Dec to 10 Dec 2021. The IPO price band is fixed at Rs. 113-118 and one can apply for the lot size of 125 shares and its multiple. The company also offers an employee discount of Rs. 11 per share under the employee reservation portion. Stay updated with us to know more about the Shriram Properties IPO issue size, minimum order amount, business overview, company financials, live subscription, allotment status, and more.

Shriram Properties IPO Details

IPO Issue Opening Date: 8th Dec 2021
IPO Issue Closing Date: 10th Dec 2021
IPO Issue Price: ₹113-118
IPO Listing At: BSE, NSE
Retail Quota: 10%
IPO Issue Type: Book Built Issue IPO
IPO Issue Size: ₹600 Cr.
Offer for Sale: ₹350 Cr
Fresh Issue: ₹250 Cr
Face Value: ₹10 Per Equity Share
IPO Discount: Employee ₹11
Promoter Holding Pre IPO: TBD
Promoter Holding Post IPO: TBD
BSE Code: 543419

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Shriram Properties IPO Important Dates

In this section we have covered all important dates related to Shriram Properties IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.

Shriram Properties IPO important dates
IPO Activity Date
IPO Issue Open 8th Dec 2021
IPO Issue Close 10th Dec 2021
Basis of Allotment Date* 15th Dec 2021
Refunds Initiation* 16th Dec 2021
Credit of Shares to Demat* 17th Dec 2021
IPO Listing Date* 20th Dec 2021

* - Tentative Dates

Shriram Properties IPO Lots

IPO Activity Date
Issue Price ₹113-118
Market Lot: 125 Shares
1 Lot Amount: ₹14750
Max Retail Lots: 1625 shares (13 lots)
Min HNI Lots: 1750 shares (14 lots)

About Company - Shriram Properties

Shriram Properties, a part of Shriram Group, is one of the leading residential real estate development companies in South India, primarily focused on the mid-market and affordable housing categories. The company also operates in the mid-market premium and luxury housing categories as well as commercial and office space categories. The business started its operations in Bengaluru and over the period expanded its presence in Chennai, Coimbatore, Vishakhapatnam, and Kolkata.

As of September 30, 2021, the company has successfully completed 29 projects representing 16.76 million square feet and has 35 ongoing projects aggregating to 46.72 million sq. ft. It is among the top six players in terms of new launches of residential projects in the core market of Bengaluru.

Shriram Properties IPO Strengths

  • Part of the Shriram Group and backed by marquee investors.
  • Leading residential real estate development companies in South India with a prime focus on mid-market and affordable housing.
  • Demonstrated track record of project identification and project execution capabilities.
  • Strategic relationship with domestic and international financial investors.
Incorporation Sector IPO Issue Size Website
2000 Real Estate ₹600 Cr.

Shriram Properties IPO Objective

The IPO aims to utilize net proceeds for the following purposes;

  • Repayment and/or prepayment of company's and subsidiary's borrowings partially or fully.
  • General corporate purposes.

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Shriram Properties IPO Live Subscription (NSE + BSE)

The table below is live update of IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers: 15,849,559 Shares
  • Non-Institutional Investors: 7,924,778 Shares
  • Retail Individual Investor: 5,283,185 Shares
  • Employees Quota: 294,117 Shares
IPO Bidding Live Updates from BSE + NSE
 # of Shares Offered15,849,559 (54%)7,924,778 (27%)5,283,185 (18%)294,11729,351,639
18th Dec 2021 17:020.00x0.04x4.85x0.36x0.89x
29th Dec 2021 17:020.12x0.18x8.35x0.78x1.63x
310th Dec 2021 17:021.85x4.82x12.72x1.25x4.60x

Shriram Properties Financials for past 3 Years

Past performance and financial results of Shriram Properties.

Shriram Properties financial
Shriram Properties Financials (₹ in Cr) 30-Sep-2021 31-Mar-2021 31-Mar-2020 31-Mar-2019
Total Assets ₹3,293.36 ₹3,299.49 ₹3,417.30 ₹3,365.63
Total Income ₹155.15 ₹501.31 ₹631.84 ₹723.78
Net Profit/Loss ₹(60.03) ₹(68.18) ₹(86.39) ₹48.79

Shriram Properties IPO DRHP >>Document

Shriram Properties IPO RHP >>Document

Shriram Properties IPO Allotment Status >>Link

Company Address

Shriram Properties Limited
Lakshmi Neela Rite Choice Chamber, New No. 9, Bazullah Road, T. Nagar
Chennai ,Tamil Nadu-600 017
Phone: +91 80 4022 9999
Email: [email protected]

Shriram Properties IPO Registrar

KFintech Private Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Phone: 04067162222, 04079611000
Email: [email protected]

Shriram Properties IPO Lead Manager

  1. ICICI Securities Limited
  2. Nomura Financial Advisory And Securities (India) Pvt Ltd
  3. Axis Capital Limited
Shriram Properties IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for Shriram Properties? Should I apply in Shriram Properties IPO?

Last Updated on 2022-01-05T10:39:25+00:00

User Reviews

5. VISHNU PRAKASH SHARMA Dec 03 2021 06:12:14 AM Reply
Shriram Properties IPO expected listing gain.
4. Preeti Katiyar Dec 03 2021 06:12:14 AM Reply
Please confirm Shriram Properties IPO GMP (grey market premium) and kostak.
3. Preeti Katiyar Dec 03 2021 06:12:14 AM Reply
Shriram Properties IPO good or bad.
2. paramjot singh  Dec 03 2021 06:12:14 AM Reply
Shriram Properties IPO whether to invest or not.
1. inderpal singh Dec 03 2021 06:12:14 AM Reply
Shriram Properties IPO - CRISIL Rating, Apply or not?.