The Shriram Properties IPO bidopens on 08th Dec, 2021 and closes on 10th Dec 2021.

Shriram Properties Limited established in the year 2000 is one of the leading residential real estate development company based mainly in South India. It mainly focuses on the mid-market and affordable housing categories. The company is among the five largest residential real estate companies in South India, specifically in Bengaluru and Chennai. It is also present in the mid-market premium and luxury housing categories, commercial and office space category as well as plotted development category.

Until 30th Sept, 2021, the company has completed 29 projects, out of which 24 are in the region of Bengaluru and Chennai.  The company has 35 ongoing projects  under development, and few upcoming  projects aggregating to 46.72 million square feet of estimated saleable area.

Company Promoters

M.Murali,  Shriram Properties Holdings Pvt Ltd and Shriram Group Executives Welfare Trust.

Shriram Properties IPO Timeline

IPO opens IPO Ends Allotment Begins Refund Initiation Allotment Date Listing on Exchange
08th Dec 2021 10th Dec 2021 15th Dec 2021 16th Dec 2021 17th Dec 2021 20th Dec 2021

Shriram Properties IPO Details

  • MCap:  2000cr
  • Issue Size: 600cr
  • Face Value  Rs.10 per equity share
  • IPO price Range Rs.113 to Rs.118
  • Employee Reservation: Equity shares aggregating upto Rs.3cr
  • QIB shares offered:  75% of net offer
  • Retail shares offered:  10% of net offer
  • HNI shares offered:  15% of net offer
  • Listing   BSE and NSE
  • Till 5pm dated 14th Dec 2021, the GMP of Shriram Properties is running at Rs.12 to its cut off price of Rs.1033

Shriram Properties IPO Lot Size(Retail Individual Investors)

The Shriram Properties IPO lot size is of 125 shares. A retail individual investor can apply for a maximum of 13 lots or in total of 1625 shares.

Applications Lots Shares Amount(Cut-off)
Minimum 1 125 ₹14,750
Maximum 13 1625 ₹191,750

MapmyIndia IPO Subscription Status

  • QIB  1.85 times
  • HNI  4.82 times
  •  Retail 12.72 times
  • Employee 1.25 times
  • Total  4.60 times

Shriram Properties IPO Allotment status can be checked here

Shriram Properties IPO Review:

The company has another 35 ongoing projects but at the same time has decline in both assets n revenue. It has been posting losses since the past 2.5 years. The promoter  holding is at the lower side too. Taking all the above points, it seems to be a risky bet. 

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