Shriram Properties Limited IPO Message Board (Page 4)

After observing the retailers eagerness to bail out any IPO, irrespective of high prices, weak financials, completely loss making business, dubious promoters, pure OFS to help cash out by promotors etc, we can expect host of companies by dubious promoters entering the IPO market soon.

very much possible,
there should be limit on OFS size if company is not doing good.

There is tendency in primary market most of the laggard IPOs brought by illicit promoters take the advantage of the situation and investor sentiment. Squeeze and pour the juice from irrational investor as much as possible

The Crow Verdict: This is the type of IPO that is difficult to fully gauge. With a good part of the offer being used to pay off debts, a good brand recall, and favourable presence in southern India, Shriram Properties seems like a good buy. The demand for real estate stocks in the bourses is another positive factor.

But the losses seem to be piling up. Since 2020, not a single quarter has showed any positive margin, which can be attributed to the pandemic. It''s light on assets, because of how it sanctions the plot that it uses to construct economical buildings. Luxury homes is a very small, burgeoning part of their book, with some focus on the new-age Development Management (DM) vertical taking the pie. I am not so sure how this will eventually take off. Plus, the company depends on independent contractors to execute its projects, which is a very huge red flag for me. Not that I am ignoring that that''s commonplace in the real estate sector.

All in all, I feel the same way for this IPO the way I felt for Lodha last year. Listing pop may not exist, but for an average construction company that''s not pan-India, I have my doubts regarding its longterm play. Apply via UPI conservatively if QIB and overall subscription cross 30x.

Red flags - 7 out 11 parameters. Keep crowing!

That means Green flags are just 4/11. Keep Crowing....ha ha ha.....will do that.

Completely skipped this offer, making it one of the two poor issues in December so far, counting Anand Rathi.

Red flags - 9 out of 13. Keep crowing!

skipped .... me too

best decision is not to choose best rather reject worse.......best will automatically come

Retailers. Retailers, & Retailers. Sebi should increase Retailers quote to 50% of IPO size seeing their enthusiasm in every IPOs.

agree, at least they can think of below %.
if company making profit then
QIB 45
NII 15
RII 40

else
QIB 65
NII 15
RII 20

Retailers bowling aur batting ek saath kar rahe hain. Kisi aur ki zaroorat nahain. Good bye QIB & HNI.

Share is reasonable valuation

Skipping HNI application here,
will decide for retail application later on.

Skipping Retail application too.

One word ...skipped

These days retailers can sail through IPO on their shoulders. No need of HNI & QBI quota.

Skipped hni & even retails.......

20% listing gain

Retail 11x . Wow....
Akele he batting kar raha hain..🧐

most likely listing loss

I have withdrawn my application in icici direct but money is not reflect in account ..any one having idea?

U need to manually reduce the amount from allocation.

Gmp 7-9

100% avoid

Much better options are available in Secondary market in the same domain. Avoiding this IPO

Not applying

skipping this one totally!!

If market conditions are favourable n good, there may be a little listing gain. Otherwise, what plus points are there to apply? No harm to avoid such loss making n non prosperous IPO. Thank you.

As i already said earlier in other forums, i am not applying here in retail too.
Anyways in retail, its already 9 times, so even if i apply 1 application in retail just for fun/exp. purpose by taking little risk, i may not be allotted so don''t want to block funds in retail too. Anyone who can take some risk can try applying in retail as per his own thinking/opinion.

Yes sir risk taken and applied 10 retail.

okay thanks for suggestion. I am not applying now

Real estate stocks are touted as next big thing in equity in India but I am not convinced. Covid has already made financials of most of these companies very weak and Omicron resurgence is a major risk for these companies.

Most of small to middle real estate companies managed in the past by using funds of newly launched projects to survive older projects and have bought land parcels at exorbitant prices. When losses started increasing which could not be funded by new launches, they started trying to tap IPO market euphoria. Unable to understand, why should IPO investors fund the losses of these companies when they are asking for exorbitant valuations despite losses.

No value to invest in this IPO and taking risk. Even if someone believes in this company it is better to buy post listing......after the dust settles.....