Shriram Properties IPO: GMP Today, Allotment Price/ Date, Review, Details

Shriram Properties IPO Share Price | Shriram Properties IPO GMP Today | Shriram Properties IPO Allotment Date | Shriram Properties IPO Review |

Shriram Properties’ initial public offering (IPO) will begin on December 8 and end on December 10, 2021. The company plans to raise 600 crores through an IPO, which will include a fresh issue of 250 crores. It is a subsidiary of the Shriram Group, which is one of South India’s leading residential real estate developers. They have a significant presence in the mid-market, luxury, and inexpensive housing markets. In 2021, the company reported revenue of 344 crores, compared to 632 crores in 2020. The IPO price range has been set at 113 to 118 dollars per equity share. Shriram Properties IPO will be listed on the NSE and BSE.

About Shriram Properties IPO

Shriram Properties, a subsidiary of the Shriram Group, was founded on December 8, 2000, and is among the largest residential real estate development companies in South India. Shriram Properties IPO is a subsidiary of the Shriram Group, which includes publicly traded enterprises such as Shriram Transport Finance (STFC) and Shriram City Union Finance (SCUF). The company concentrates mostly on the mid-market and low-cost housing segments. With a change toward an asset-light business strategy, the company is migrating from a real estate development model to a combination of real estate development and real estate services-based business model. The company also operates in the premium and luxury housing segments of the mid-market, along with commercial and office space. The company’s main markets are Bengaluru and Chennai. Coimbatore, Visakhapatnam, and Kolkata are among the company’s other locations.

The company had completed 29 projects as of September 30, 2021, 24 of which were in Bengaluru and Chennai. As of September 30, 2021, the business had 35 projects in various stages of development, including ongoing, under development, and upcoming projects, totaling 46.72 million square feet of anticipated saleable area.

Shriram Properties IPO

Shriram Properties IPO Companies Strength

Some of the major companies’ strengths are as follows:

  • It’s a member of the well-known Shriram Group.
  • One of South India’s top residential real estate development enterprises, specializing in mid-market and affordable homes. 
  • Several of Shriram Group’s enterprises are backed by well-known international and domestic financial investors.
  • Proven record in identifying and executing projects in detail.
  • Relationships with domestic and foreign financial investors that are strategic.
  • Well-positioned to reap the benefits of legislative and industry changes.
  • The business model is flexible and asset-light.
  • The management team has a lot of expertise and is very competent.

Company Risks

Some of the major companies’ risks are as follows:

  • The COVID-19 pandemic’s effects are still being felt.
  • Reliance on the performance of the South Indian real estate market
  • Delay in finishing ongoing projects, in-development projects, and/or upcoming initiatives.
  • Important advancements in South India are centered in a few significant cities.
  • Any disruption in the availability of raw materials or labor, such as a price increase, a scarcity, or any other disruption
  • The company, subsidiaries, directors, group companies, and promoters are all involved in ongoing legal processes.
  • Project execution is reliant on independent contractors.
  • The availability of real estate financing in India is critical to the success of this capital-intensive company.

Objectives of Shriram IPO

The business intends to use the net profits from the offering to return and/or prepay, in full or in part, certain borrowings totaling Rs 200 crore taken out by the company and its subsidiaries, Shriprop Structures, Global Entropolis, and Bengal Shriram, as well as for general corporate purposes.

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Shriram Properties Initial Public Offering Date & Price Band

IPO Opening Date08 December 2021
IPO Closing Date10 December 2021
IPO Size:Approx ₹600 Crores
Fresh Issue:Approx ₹250 Crores
Face Value:₹10 Per Equity Share
Offer for Sale:[.] Eq Shares of ₹10(aggregating up to ₹350.00 Cr)
Listing on:BSE & NSE
Market Lot125 Shares
IPO Price Band:₹113 to ₹118 Per Equity Share
QIB Quota:Not less than 75% of the Net offer
Retail Quota:Not more than 10% of the Net offer
NII Quota:Not more than 15% of the offer
Discount:₹11 for Employees
Min Order Quantity125 Shares
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here

Tentative Timetable for Shriram Properties IPO

The Tentative Timetable for Shriram Properties Initial Public Offering is given in the table below

Price Band Announcement03 December 2021
Anchor Investors Allotment07 December 2021
IPO Opening Date 08 December 2021
IPO Closing Date10 December 2021
Basis of Allotment15 December 2021
Refunds16 December 2021
Credit to Demat Account17 December 2021
IPO Listing Date20 December 2021

Shriram Properties IPO Market Lot

Minimum Lot Size:Minimum 125 Shares for 1 lot
Maximum Lot Size:Maximum 1625 Shares for 13 lot
Minimum Amount:₹14,750 for 1 lot
Maximum Amount:₹191,750 for 13 lot

Shriram Properties IPO Financial Report

The Shriram Properties IPO Financial Report is given in the table below:

Particulars30 – September – 202131 – March – 202131 – March -202031 – March -2019
Total Assets32,933.63 Million32,994.87 Million34,173.03 Million33,656.31 Million
Total Revenue1,551.50 Million5,013.08 Million6,318.43 Million7,237.80 Million
Profit After Tax– 600.33 Million– 681.78 Million– 863.93 Million487.91 Million

Company Promoters

The Shriram Properties IPO is as follows:

S. No.Company Promoters Name
Shriram Properties Holdings Private Limited
M. Murali 
Shriram Group Executives Welfare Trust

Promoters Holding for Shriram Properties IPO

Pre Issue Share Holding31.98 %
Pos Issue Share Holding%

Shriram Properties IPO Review

Since Financial Year 2020, the company has been losing money on a net basis. Profits are expected to drop much more in the first half of the Financial Year 2022. The corporation claims that the IPO is priced fairly. For the time being, the Shriram Group’s tag and efforts to go back on track shortly are the only bright spots. As a result, this offering is suitable for long-term investors with excess funds and high-risk tolerance. Others may choose to skip this issue and purchase at the dip post listings.

Shriram Properties IPO GMP day by day Live Rates with Kotak rates.

DateGMPKostakSubject to
07 December 2021₹ 20₹-₹-
06 December 2021₹ 20₹-₹-
05 December 2021₹ 20₹-₹-
04 December 2021₹ 20₹-₹-
03 December 2021₹-₹-₹-
02 December 2021₹-₹-₹-
01 December 2021₹-₹-₹-

Shriram Properties IPO Reviews or Ratings

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Lead Managers of Shriram Properties IPO

Some of the Lead Managers of the properties is as follows:

S. No.Managers Name
ICICI Securities Limited
Axis Capital Limited
Nomura Financial Advisory And Securities (India) Pvt Ltd

Shriram Properties IPO Registrar

Address:KFintech Private Limited
Contact Number:04067162222,04079611000
E-mail id:murali.m@kfintech.com
Official Website:https://karisma.kfintech.com/

Company Address:

  • Address:
  • 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/