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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 Promoters:

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

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

Shriram Properties IPO Tentative Timetable

The Shriram Properties IPO open date is Dec 8, 2021, and the close date is Dec 10, 2021. The issue may list on Dec 20, 2021.

IPO Open Date Dec 8, 2021
IPO Close Date Dec 10, 2021
Basis of Allotment Date Dec 15, 2021
Initiation of Refunds Dec 16, 2021
Credit of Shares to Demat Account Dec 17, 2021
IPO Listing Date Dec 20, 2021

Shriram Properties IPO Lot Size

The Shriram Properties IPO market 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 (Cut-off)
Minimum 1 125 ₹14,750
Maximum 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 equity share
Face Value ₹10 per equity 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

KFintech Private 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 equity share. The minimum order quantity is 125 Shares.

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

KFintech Private 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 125 Shares.

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, Edelweiss, 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.

Shriram Properties IPO Message Board

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