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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:
| 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 | |
The IPO aims to utilize the net proceed towards the following purposes;
| 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 Offered | Not less than 75% of the Net offer |
| NII (HNI) Shares Offered | Not more than 15% of the offer |
| Retail Shares Offered | Not 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 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 |
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 |
| Pre Issue Share Holding | 32% |
| Post Issue Share Holding | 28% |
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...
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
| Category | Subscription (times) |
|---|---|
| QIB | 1.85 |
| NII | 4.82 |
| Retail | 12.72 |
| Employee | 1.25 |
| Total | 4.60 |
| 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 |
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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/
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: murali.m@kfintech.com
Website: https://karisma.kfintech.com/
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
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.
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