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Shriram Properties Limited IPO

Shriram Properties Limited IPO

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Listed Price: ₹ 90.00 (-23.73%)

Shriram Properties Limited's successfully completed its Initial Public Offering and commenced trading on 20-12-2021 at the NSE, BSE exchange. The company raised 5,08,73,592 Shares through this public offering, comprising 2,12,12,576 Shares in fresh capital and ₹350.00 Cr through the Offer for Sale mechanism.

The IPO was priced within the band of ₹113 to ₹118, with minimum application lots of 125 shares. The offering attracted significant investor interest during its subscription period from 08-12-2021 to 10-12-2021.

Share allotment was finalized on 16-12-2021, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.

Shriram Properties IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Shriram Properties IPO Key Performance Indicator
Company Financials ( In Lakhs )

Shriram Properties IPO About Company

Incorporated in 2000, Shriram Properties, part of the Shriram Group, is a leading residential real estate developer in South India, focusing mainly on mid-market and affordable housing. The company also operates in mid-premium and luxury housing, as well as commercial and office spaces, with Bengaluru and Chennai as its primary markets and additional presence in Coimbatore, Visakhapatnam, and Kolkata. As of September 30, 2021, Shriram Properties has completed 29 projects, mostly in Bengaluru and Chennai, and has a total of 35 ongoing, under-development, and upcoming projects covering an estimated 46.72 million square feet of saleable area.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Shriram Properties IPO Strength Factors

  1. Reputed Group Affiliation: Part of the well-known Shriram Group.
  2. Leading Developer: One of South India’s top residential real estate companies.
  3. Proven Execution Capabilities: Strong track record in project identification and delivery.
  4. Financial Partnerships: Maintains strategic relationships with investors.
  5. Scalable & Asset-Light Model: Business designed for efficient growth with minimal assets.
  6. Strong Financial Position: Demonstrates solid financial health.
  7. Regulatory Advantage: Well-positioned to benefit from industry and regulatory developments.
  8. Experienced Team: Managed by skilled and professional leadership.

Shriram Properties IPO Risk Factors

NA


Shriram Properties IPO Lead Manager(s)

  • Axis Capital Limited
  • ICICI Securities Limited
  • Nomura Financial Advisory And Securities (India) Private Limited

Shriram Properties IPO Promoter(s)

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

Shriram Properties IPO Company Details

Shriram Properties Limited
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Shriram Properties IPO Registrar

Kfin Technologies Limited
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Shriram Properties IPO FAQs