Shriram Properties Limited IPO

Mainboard

Construction - Real Estate

Listed On: Dec 20, 2021 at ₹ 90.00(NSE)

₹ 14750 /125 Shares

Check Allotment

Price Summary

Last Closing

100.00 (-15.25%)

52 Week High

147.60

52 Week Low

91.05

Last Update

25-Nov-2024 3:30 PM

IPO Details

08 Dec, 2021

Open Date

10 Dec, 2021

Close Date

16 Dec, 2021

Allotment Date

20 Dec, 2021

Listing Date

Issue Price

₹113-118 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

KFintech Private Limited

List Price

90.00(NSE)

Listing Date

2021-12-20

Market Lot

125 Shares (₹14,750/-)

Lead Manager

Axis Capital Limited,ICICI Securities Limited,Nomura Financial Advisory

Issue Size

Approx 600 Crores : Fresh Issue 250 Crores + OFS 350 Crores

Retail Portion

10% (Number of Retail Applications : 40,500 Approx)

Subscription

4.60 times

IPO Docs

DRHP RHP

IPO Subscription Details

As on	QIB	NII	Retail	Employee	Total
Shares Offered / Reserved	158,49,559	79,24,778	52,83,185	2,94,117	293,51,639
Day 1 - 08-12-21 05:00 PM	0.00 x	0.04	4.85 x	0.36 x	0.89 x
Day 2 - 09-12-21 05:00 PM	0.12 x	0.19	8.35 x	0.79 x	1.63 x
Day 3 - 10-12-21 05:00 PM	1.85 x	4.83	12.72 x	1.24 x	4.60 x

Total No. of Applications: 456666 (Approx)

Retail Subscription on the basis of Applications: 11.28 times

Valuations

Earnings Per Share (EPS)

₹(4.02)/-

P/E Ratio

(29.35)

RoNW

5.13%

Net Asset Value (NAV) - As on 30.09.21

₹51.53

Company Financials All values are in ₹ Cr.

	31-Mar-21	31-Mar-20	31-Mar-19
Assets	3,299.48	3,417,30	3,365.63
Revenue	501.30	631,84	723.78
Profit After Tax	(68.17)	(86.39)	48.79

About The Company

Incorporated in 2000, Shriram Properties is a part of the Shriram Group and is one of the leading residential real estate development companies in South India. The company primarily focuses on the mid-market and affordable housing segments. The company is also present in the mid-market premium and luxury housing categories as well as commercial and office space categories. Bengaluru and Chennai are the key markets for the company. The company also has operations in Coimbatore, Visakhapatnam, and Kolkata.As of September 30, 2021, the company has completed 29 projects, out of which 24 are in the cities of Bengaluru and Chennai. As of September 30, 2021, the company has a total portfolio of 35 projects in ongoing, projects under development, and forthcoming projects, stages, aggregating to 46.72 million square feet of estimated saleable area.

	P/B Ratio	P/E Ratio	RoNW	Net Worth
Shriram Properties	2.29	(29.3)	5.13%	501.31
Sobha Limited	3.40	77.33	4.39%	2,190.49
Godrej Properties	6.32	638.0	0.99%	1,333.09
Oberoi Reality	4.49	60.50	7.42%	2,090.59

- Promoter(s)

Pre Issue Share Holding: 31.98%

Post Issue Share Holding: 27.98%

Company Promoter(s)

M. Murali
Shriram Properties Holdings Private Limited
Shriram Group Executives Welfare Trust

IPO - Issue Objectives

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;
General corporate purposes, subject to applicable laws.

IPO - Anchor Investors

Shriram Properties mops up Rs 268.65 crore from anchor investors ahead of IPO

Global investors including Optimix Wholesale Global Emerging Markets, Societe Generale, Pioneer Investment Fund, Nomura, and Blue Mount Capital made investments in the company through the anchor book.

Domestic investors — SBI Life Insurance, Sundaram Mutual Fund, Aditya Birla Sun Life, Nippon Life, HDFC Life Insurance Company, and HDFC Trustee — also participated in the anchor book.

IPO - FAQs

Ans. Shriram Properties Limited IPO is a Mainboard IPO. The issue is priced at ₹113-118 per equity share. The minimum order quantity is 125 Shares. The IPO opens on Dec 8, 2021, and closes on Dec 10, 2021. KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Shriram Properties Limited IPO opens on Dec 8, 2021 and closes on Dec 10, 2021.

Ans. The size of Shriram Properties Limited IPO is Approx 600 Crores : Fresh Issue 250 Crores + OFS 350 Crores.

Ans. The IPO price band is set between ₹113-118 per equity share.

Ans. To apply for Shriram Properties Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Shriram Properties Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Shriram Properties Limited IPO is Dec 16, 2021.

Ans. The Shriram Properties Limited IPO will be listed on Dec 20, 2021.

Ans. Follow the steps to check the allotment status for Shriram Properties Limited IPO here.