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 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.
Other Related IPOs
Shriram Properties Initial Public Offering Date & Price Band
| IPO Opening Date | 08 December 2021 |
| IPO Closing Date | 10 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 Lot | 125 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 Quantity | 125 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 Announcement | 03 December 2021 |
| Anchor Investors Allotment | 07 December 2021 |
| IPO Opening Date | 08 December 2021 |
| IPO Closing Date | 10 December 2021 |
| Basis of Allotment | 15 December 2021 |
| Refunds | 16 December 2021 |
| Credit to Demat Account | 17 December 2021 |
| IPO Listing Date | 20 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:
| Particulars | 30 – September – 2021 | 31 – March – 2021 | 31 – March -2020 | 31 – March -2019 |
| Total Assets | 32,933.63 Million | 32,994.87 Million | 34,173.03 Million | 33,656.31 Million |
| Total Revenue | 1,551.50 Million | 5,013.08 Million | 6,318.43 Million | 7,237.80 Million |
| Profit After Tax | – 600.33 Million | – 681.78 Million | – 863.93 Million | 487.91 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 Holding | 31.98 % |
| 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.
| Date | GMP | Kostak | Subject 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
| Dilip Davda | May apply | |
| TopShareBrokers.com | Avoid |
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: | [email protected] |
| 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: [email protected]
- Website: https://www.shriramproperties.com/