IPO Status: Closed [8th Dec 2021 to 10th Dec 2021]
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.
|IPO Issue Opening Date:||8th Dec 2021|
|IPO Issue Closing Date:||10th Dec 2021|
|IPO Issue Price:||₹113-118|
|IPO Listing At:||BSE, NSE|
|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|
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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.
|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
|Market Lot:||125 Shares|
|1 Lot Amount:||₹14750|
|Max Retail Lots:||1625 shares (13 lots)|
|Min HNI Lots:||1750 shares (14 lots)|
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.
|Incorporation||Sector||IPO Issue Size||Website|
|2000||Real Estate||₹600 Cr.||http://www.shriramproperties.com/|
The IPO aims to utilize net proceeds for the following purposes;
The table below is live update of IPO bidding details from NSE and BSE.
|# of Shares Offered||15,849,559 (54%)||7,924,778 (27%)||5,283,185 (18%)||294,117||29,351,639||1||8th Dec 2021 17:02||0.00x||0.04x||4.85x||0.36x||0.89x||2||9th Dec 2021 17:02||0.12x||0.18x||8.35x||0.78x||1.63x||3||10th Dec 2021 17:02||1.85x||4.82x||12.72x||1.25x||4.60x|
Past performance and financial results of Shriram Properties.
|Shriram Properties Financials (₹ in Cr)||30-Sep-2021||31-Mar-2021||31-Mar-2020||31-Mar-2019|
Shriram Properties IPO DRHP >>Document
Shriram Properties IPO RHP >>Document
Shriram Properties IPO Allotment Status >>Link
Last Updated on 2022-01-05T10:39:25+00:00
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