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Shriram Properties Limited IPO (Shriram Properties IPO) Detail

Dec 8, 2021 - Dec 10, 2021

Incorporated in 2000, Shriram Properties is a part of the Shriram Group and is one of the leading residential real estate development companies in South India. The company primarily focuses on the mid-market and affordable housing segments. The company is also present in the mid-market premium and luxury housing categories as well as commercial and office space categories. Bengaluru and Chennai are the key markets for the company. The company also has operations in Coimbatore, Visakhapatnam, and Kolkata.

As of September 30, 2021, the company has completed 29 projects, out of which 24 are in the cities of Bengaluru and Chennai. As of September 30, 2021, the company has a total portfolio of 35 projects in ongoing, projects under development, and forthcoming projects, stages, aggregating to 46.72 million square feet of estimated saleable area.

Competitive Strengths:

  • Part of the reputed Shriram Group
  • One of the leading residential real estate development companies in South India
  • Proven capabilities in project identification and execution
  • Strong strategic relationships with financial investors
  • Scalable and asset-light business model
  • Strong Financial Position
  • Well-positioned to benefit from regulatory and industry developments
  • The experienced and professional management team

Company Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Millions)
  30-Sep-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 32,933.63 32,994.87 34,173.03 33,656.31
Total Revenue 1,551.50 5,013.08 6,318.43 7,237.80
Profit After Tax - 600.33 - 681.78 - 863.93 487.91

Objects of the Issue

The IPO aims to utilize the net proceed towards the following purposes;

  • Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the company and its subsidiaries, Shriprop Structures, Global Entropolis and Bengal Shriram; and
  • General corporate purposes, subject to applicable laws.

Shriram Properties IPO Details

IPO Date Dec 8, 2021 to Dec 10, 2021
Listing Date Monday, December 20, 2021
Face Value ₹10 per share
Price ₹113 to ₹118 per share
Lot Size 125 Shares
Issue Size[.] shares of ₹10
(aggregating up to ₹600.00 Cr)
Fresh Issue[.] shares of ₹10
(aggregating up to ₹250.00 Cr)
Offer for Sale[.] shares of ₹10
(aggregating up to ₹350.00 Cr)
Employee Discount 11
Issue Type Book Built Issue IPO
Listing At BSE, NSE
QIB Shares OfferedNot less than 75% of the Net offer
NII (HNI) Shares OfferedNot more than 15% of the offer
Retail Shares OfferedNot more than 10% of the Net offer
Company Promoters

M. Murali, Shriram Properties Holdings Private Limited and Shriram Group Executives Welfare Trust are the company promoters.

Shriram Properties IPO Tentative Timetable

Shriram Properties IPO opens on Dec 8, 2021, and closes on Dec 10, 2021. The Shriram Properties IPO bid date is from Dec 8, 2021 10.00 A.M. to Dec 10, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Dec 8, 2021
Closing Date Dec 10, 2021
Basis of Allotment Dec 15, 2021
Initiation of Refunds Dec 16, 2021
Credit of Shares to Demat Dec 17, 2021
Listing Date Dec 20, 2021

Shriram Properties IPO Lot Size

The Shriram Properties IPO lot size is 125 shares. A retail-individual investor can apply for up to 13 lots (1625 shares or ₹191,750).

Application Lots Shares Amount
Retail (Min) 1 125 ₹14,750
Retail (Max) 13 1625 ₹191,750

Shriram Properties IPO Promoter Holding

Pre Issue Share Holding 32%
Post Issue Share Holding 28%

Shriram Properties IPO Review

The company has been posting losses at the net level since FY20. H1 of FY22 too indicates a further dip in profits. The company claims that it has priced the IPO reasonably. The only favourable point, for now, is the Shriram Group tag and their efforts to back on track in the near term. Thus this issue is purely and only for long term investors who have surplus funds and risk appetite. Others can skip this issue and may buy at dip post listings. Read detail review...


Shriram Properties IPO Subscription Status (Bidding Detail)

The Shriram Properties IPO is subscribed 4.60 times on Dec 10, 2021 5:00:00 PM. The public issue subscribed 12.72 times in the retail category, 1.85 times in the QIB category, and 4.82 times in the NII category. Check Day by Day Subscription Details (Live Status)

Application Wise IPO Subscription (Retail): 11.28 times

CategorySubscription (times)
QIB1.85
NII4.82
Retail12.72
Employee1.25
Total4.60

Shriram Properties IPO Prospectus

Shriram Properties IPO Rating

494
3.4
Rating:Rated 3.4 stars
Vote Here ...

Shriram Properties IPO Listing Date

Listing Date Monday, December 20, 2021
BSE Script Code 543419
NSE Symbol SHRIRAMPPS
Listing In B Group of Securities
ISIN INE217L01019
IPO Price ₹118 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹118.00
₹94.00
₹91.75
₹106.35
₹99.40
NSE
₹118.00
₹90.00
₹90.00
₹106.40
₹99.60

Company Contact Information

Shriram Properties Limited
Lakshmi Neela Rite Choice Chamber, New No. 9,
Bazullah Road, T. Nagar, Chennai 600017,
Tamil Nadu, India
Phone: +91 44 4001 4410
Email: cs.spl@shriramproperties.com
Website: https://www.shriramproperties.com/

Shriram Properties IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: murali.m@kfintech.com
Website: https://karisma.kfintech.com/

Shriram Properties IPO FAQs

Shriram Properties IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹600.00 Crores. The issue is priced at ₹113 to ₹118 per share. The minimum order quantity is 125 Shares.

The IPO opens on Dec 8, 2021, and closes on Dec 10, 2021.

KFin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Shriram Properties IPO using UPI as a payment gateway. Zerodha customers can apply in Shriram Properties IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Shriram Properties IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Shriram Properties IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Shriram Properties IPO opens on Dec 8, 2021 and closes on Dec 10, 2021.

Shriram Properties IPO lot size is 125 Shares and the minimum order quantity is .

You can apply in Shriram Properties IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Shriram Properties IPO will be done on Dec 15, 2021, and the allotted shares will be credited to your demat account by Dec 17, 2021. Check the Shriram Properties IPO allotment status.

The Shriram Properties IPO listing date is on Monday, December 20, 2021.
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Shriram Properties IPO Message Board

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305 Comments

147. kalki |   Link |Jan 17, 2022 8:31:45 PM
@Expert need suggestion whether to hold or exit before 30 days completion. Alloted one lot in IPO.
146. arunARUN |   Link |Jan 8, 2022 12:58:09 PM
IPO Guru IPO Guru (1600+ Posts, 1400+ Likes)
Bought at Rs 86. Looked like good deal. Can see steam upto Rs 105. Rest will depend upon quarterly result
145. Monster Zero |   Link |Dec 20, 2021 1:29:58 PM
IPO Guru IPO Guru (2600+ Posts, 2300+ Likes)
Steal deal @90Rs....missed it completely.
145.1. Andi |   Link |Dec 20, 2021 3:36:10 PM (200+ Posts)
Please do not worry. You are certain to get this below 90 by this weekend.
145.2. Have Faith 🙏 |   Link |Dec 21, 2021 2:55:40 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Today only no need to wait for weekend
144. shareHunterz |   Link |Dec 24, 2021 2:33:26 PM
25% down from offer price. Bought 1 more lot today at 84.75 to average out.
143. IPOANALYSIS |   Link |Dec 20, 2021 9:29:06 AM
As predicted worst company to invest in.expect huge downside further in coming days. Get out of it in opening
143.1. SSingh |   Link |Dec 21, 2021 6:58:03 AM
IPO Mentor IPO Mentor (500+ Posts, 200+ Likes)
It wont go down Tarun ;)
142. gjy |   Link |Dec 20, 2021 9:59:20 AM
IPO Guru IPO Guru (1400+ Posts, 3300+ Likes)
Cannibal LM Nomura is back in action.
Next hunt med plus
142.1. DSR |   Link |Dec 20, 2021 9:04:44 PM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
More context pls.. I am not aware about it.
141. ARJUN'S EYE |   Link |Dec 18, 2021 6:27:44 PM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Discount listing expected....
141.1. Barbarik |   Link |Dec 20, 2021 1:30:36 PM
You r right sir...
140. smart man |   Link |Dec 20, 2021 11:20:57 AM
If you look at their company website, they have projects only in the southern region & kolkata. Investors in other parts of india, are not even aware of this company, hence applicants were so less
139. Gaurav DD dimer |   Link |Dec 20, 2021 9:24:49 AM
Top Contributor Top Contributor (500+ Posts, 200+ Likes)
Shri Ram Properties investors get the same pain the Rategain investors got.

Same proformance in Pre Open.
139.1. krupa |   Link |Dec 20, 2021 9:33:34 AM
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
Yes
Abhi koi bhi ipo 100% gmp wala 50% bhi uper open ho to bhi achcha he
139.2. gundu anna |   Link |Dec 20, 2021 11:01:47 AM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Such issues are good to weed out excessive retail punting
138. Elon Rusk |   Link |Dec 20, 2021 10:55:03 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Better than RateGain after listing. Just -15% down after listing. Rate Gain -20% and today again -5%
137. Arjun Rajkot |   Link |Dec 17, 2021 6:19:40 PM
IPO Mentor IPO Mentor (500+ Posts, 1100+ Likes)
Gyan Chand Baba Said

Shriram
Lisitng 138 +- 5

Target 155----))))


137.6. Cautious ProPrio |   Link |Dec 20, 2021 9:56:38 AM
IPO Guru IPO Guru (1700+ Posts, 1000+ Likes)
Gyan chand back to CCU....???
137.7. ipobull |   Link |Dec 20, 2021 10:37:34 AM
IPO Mentor IPO Mentor (900+ Posts, 1000+ Likes)
@Arjun Bhai,
Ab Gyan Chand sab jhut phaila raha hai. Uska lagbhag har prediction bekaar ja raha hai.
136. Cautious ProPrio |   Link |Dec 19, 2021 10:36:55 AM
IPO Guru IPO Guru (1700+ Posts, 1000+ Likes)
Listing below 100 ....???
Unexpected Ipo market panic spreading rapidly ....
136.1. Cautious ProPrio |   Link |Dec 20, 2021 9:55:57 AM
IPO Guru IPO Guru (1700+ Posts, 1000+ Likes)
Unexpected....???
135. Kunal B |   Link |Dec 20, 2021 9:55:56 AM
Good lesson to all retailer who jump into any IPO without checking company P/L, market condition, QIB data etc.
Next is HP Adhesive
134. New Member To Chittorgarh |   Link |Dec 20, 2021 9:54:34 AM
NSE 90Rs
Listing ke bad upper circuit laga fir bhi issue price nahi aayega..
133. gjy |   Link |Dec 20, 2021 9:53:38 AM
IPO Guru IPO Guru (1400+ Posts, 3300+ Likes)
HNI walo ka Jay Shri Ram ki jagah Ram Ram satya hai ho gaya
132. Adp |   Link |Dec 20, 2021 9:51:07 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
New inveser is showking.bhai ise kahte hai sherbazar. Kab kya hoga koi nahi janta
131. IPOANALYSIS |   Link |Dec 17, 2021 3:14:43 PM
Discount listing expected. Again bad sector and loss making add to it.
131.2. God is Great |   Link |Dec 17, 2021 8:00:57 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Keep it up your suggestions and review regularly brother 👍
131.3. IPOANALYSIS |   Link |Dec 20, 2021 9:48:39 AM
Hope ur experts are gone
130. krupa |   Link |Dec 20, 2021 9:07:16 AM
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
10% listing gain
130.3. krupa |   Link |Dec 20, 2021 9:44:16 AM
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
Abhi to 85/90 lag raha he open
130.4. PSR |   Link |Dec 20, 2021 9:47:25 AM
IPO Guru IPO Guru (1200+ Posts, 700+ Likes)
Order placed at 102, got executed at 90.
129. Mihir Choksi |   Link |Dec 20, 2021 9:47:25 AM
LC/UC shortly
128. Mihir Choksi |   Link |Dec 20, 2021 9:45:16 AM
94 BSE