SHRIRAM PROPERTIES LIMITED IPO GMP – 17 DEC 2021

BSE Code : SHRIRAMPPS

    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 IPO bid opened on 08-12-2021 and closed on 10-12-2021.

SHRIRAM PROPERTIES LIMITED IPO LIVE GMP

    The Company has put a price band of  ₹113 to ₹118 per equity share. The GMP of SHRIRAM PROPERTIES LIMITED IPO is running ₹12 (+/-5). The IPOs current GMP was last updated at 5 PM today.

GMP 12
IPO Price 118
Estimated Listing 130
Open Date 08.12.2021
Close Date 10.12.2021
Listing Date 20.12.2021
GMP Last Updated 17.12.2021 (5 P.M.)
IPO Status Closed

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

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 Rs.14,750
Maximum 13 1625 Rs.191,750

How Is The GMP Calculated?

    Consider a company that comes up with its IPO with a price band of RS.390-400. And as per its demand, subscription n market conditions, the GMP is running at Rs.400. So now we can say that most probably the IPO will list at cut-off price + GMP 0or 400 + 400 = Rs. 800. In other words, we can say the IPOs listing gain was at 100% against its IPO price.

Note :

  1. Trading in Grey Market is Illegal and is never recommended.
  2. There are high chances of an IPO listing differently against the GMP since it keeps on changing.
  3. Use the GMP for information and not numbers.
  4. Read our analysis for each and every upcoming IPOs with much vital information about the Company’s fundamental, future projects and every detail regarding the IPO.

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