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Shriram Properties IPO is a book built issue of Rs 600.00 crores. The issue is a combination of fresh issue of Rs 250.00 crores and offer for sale of Rs 350.00 crores.
Shriram Properties IPO bidding started from December 8, 2021 and ended on December 10, 2021. The allotment for Shriram Properties IPO was finalized on Wednesday, December 15, 2021. The shares got listed on BSE, NSE on December 20, 2021.
Shriram Properties IPO price band is set at ₹113 to ₹118 per share. The minimum lot size for an application is 125 Shares. The minimum amount of investment required by retail investors is ₹14,750.
The issue includes a reservation of up to 294,117 shares for employees offered at a discount of Rs 11 to the issue price.
Axis Capital Limited, ICICI Securities Limited and Nomura Financial Advisory And Securities (India) Pvt Ltd are the book running lead managers of the Shriram Properties IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Shriram Properties IPO RHP for detailed information.
| IPO Date | December 8, 2021 to December 10, 2021 |
| Listing Date | December 20, 2021 |
| Face Value | ₹10 per share |
| Price Band | ₹113 to ₹118 per share |
| Lot Size | 125 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹600.00 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹250.00 Cr) |
| Offer for Sale | [.] shares of ₹10 (aggregating up to ₹350.00 Cr) |
| Employee Discount | Rs 11 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Shriram Properties IPO offers 29,351,639 shares. 15,849,559 (54.00%) to QIB, 7,924,778 (27.00%) to NII, 5,283,185 (18.00%) to RII, 294,117 (1.00%) to employees. 42,265 RIIs will receive minimum 125 shares and (sNII) and (bNII) will receive minimum 1,750 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 15,849,559 (54.00%) | NA |
| NII (HNI) Shares Offered | 7,924,778 (27.00%) | |
| Retail Shares Offered | 5,283,185 (18.00%) | 42,265 |
| Employee Shares Offered | 294,117 (1.00%) | NA |
| Total Shares Offered | 29,351,639 (100%) |
Shriram Properties IPO opens on December 8, 2021, and closes on December 10, 2021.
| IPO Open Date | Wednesday, December 8, 2021 |
| IPO Close Date | Friday, December 10, 2021 |
| Basis of Allotment | Wednesday, December 15, 2021 |
| Initiation of Refunds | Thursday, December 16, 2021 |
| Credit of Shares to Demat | Friday, December 17, 2021 |
| Listing Date | Monday, December 20, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 10, 2021 |
Investors can bid for a minimum of 125 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 125 | ₹14,750 |
| Retail (Max) | 13 | 1625 | ₹191,750 |
| Lot Size Calculator | |||
M. Murali, Shriram Properties Holdings Private Limited and Shriram Group Executives Welfare Trust are the company promoters.
| Share Holding Pre Issue | 32% |
| Share Holding Post Issue | 28% |
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;
[Dilip Davda] 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 December 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 | December 20, 2021 |
| BSE Script Code | 543419 |
| NSE Symbol | SHRIRAMPPS |
| ISIN | INE217L01019 |
| Final Issue Price | ₹118 per share |
| Price Details |
|---|
| Final Issue 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 |
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://kosmic.kfintech.com/ipostatus/
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 December 8, 2021, and closes on December 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 December 8, 2021 and closes on December 10, 2021.
Shriram Properties IPO lot size is 125 Shares, and the minimum amount required is ₹14,750.
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 Wednesday, December 15, 2021, and the allotted shares will be credited to your demat account by Friday, December 17, 2021. Check the Shriram Properties IPO allotment status.
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