Shriram Properties IPO 2021 India : Shriram Properties Limited is going to start it’s IPO subscription in this week from Dec 07, 2021.
Shriram Properties Limited which is a part of the 90,000 crore Financial Giant Shriram Group and biggest real estate developer having extensive presence across South India is aiming to raise 600 crore from Shriram Properties Limited Initial public offering.
Shriram Properties IPO contains total fresh issue of Rs. 250 crore and Rs 350 crore has been reserved for OFS (Offer for Sale).
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Shriram Properties IPO 2021 All Details
| Shriram Properties IPO Opening Date | Dec 8, 2021 |
| Shriram Properties 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 | ₹600.00 Crore |
| Fresh Issue | ₹250.00 Crore |
| Offer for Sale | ₹350.00 Crore |
| Employee Discount | 11 |
| QIB Shares | Not less than 75% of the Net offer |
| NII Shares | Not more than 15% of the offer |
| Retail Shares | Not more than 10% of the Net offer |
Shriram Properties IPO 2021 Dates
| Shriram Properties IPO Opening Date | Dec 8, 2021 |
| Shriram Properties IPO Closing Date | Dec 10, 2021 |
| 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 2021 Fresh Issue vs OFS
- Fresh Issuance – Worth Rs. 250 Crore
- Offer for sale (Promotor’s) – Worth Rs 350 Crore
Shriram Properties IPO 2021 Lot Size
| Min/Max | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 125 | ₹14,750 |
| Maximum | 13 | 1625 | ₹191,750 |
Shriram Properties IPO 2021 Allotment
The IPO allotment of Shriram Properties Limited is scheduled in the next week on December 15, 2021 and the allotted shares will be credit into demat accounts on/by December 17, 2021.
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> Top 7 Ways To Increase Chance Of Getting IPO Allotment
Shriram Properties IPO 2021 GMP
The grey market premium of Shriram Properties Limited IPO 2021 is around 15-20 on Dec 8, 2021. Shriram Properties IPO GMP in percentage is around 17%.
Shriram Properties IPO 2021 Issue Objectives
The Shriram Properties Limited, aims to utilize the net proceed for the below listed 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 Company Financials
| Rs. 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 |
Shriram Properties Company Promoters
M Murali and Shriram Group Executives Welfare Trust are the company promoters.
Shriram Properties Company Overview
Shriram Properties Limited is a part of the 90,000 crore Financial Giant – Shriram Group and was established with a mission of creating splendid homes and amenable living spaces. Launched in 1995. They have operations throughout the country with extensive presence across South India. They have delivered over 8.36 million sq. ft. of built-up space, with 12.61 million sq. ft. to be delivered and 45.85 million sq. ft. under development.
They started operations in Bengaluru in the year 2000 and have expanded their presence to other cities in South India, i.e., Chennai, Coimbatore and Visakhapatnam. In addition, they also have presence in Kolkata in East India, where the company is developing a large mixed-use project. Bengaluru and Chennai are two key markets for the company. These cities are two large residential housing markets in India, contributing to approximately 31.24% of the launches and 34.22% of the sold inventory in India’s seven cities (Bengaluru, Mumbai, Delhi, Chennai, Pune, Hyderabad and Kolkata), across calendar years 2016 to 2017 and the six months ended June 30, 2018.
As of November 30, 2018, Shriram Properties Limited have 25 completed projects, representing 12.86 million square feet of Saleable Area, out of which our 20 completed projects in the cities of Bengaluru and Chennai accounted for 87.69% of our Saleable Area. Further, 81.88% of our total Saleable Area for completed projects were in the mid-market category and affordable housing category (with midmarket and affordable categories accounting for 48.02% and 33.86% respectively), and the remainder in the commercial and office space and luxury housing categories, as of November 30, 2018.