Shriram Properties IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents
- About Shriram Properties
- Important Details – Shriram Properties
- Objects of the Issue
- Shriram Properties Limited Financials:
- Shriram Properties IPO Price – Details
- Shriram Properties IPO DRHP & RHP
- Shriram Properties IPO Lot Size
- Shriram Properties IPO Lead Managers
- Shriram Properties IPO Registrar
- Company Promoters
- Shriram Properties IPO Allotment Date, Listing Date and other Important Dates
- Company Peers – Comparison of Accounting Ratios
- Company Corporate Office
- Company Registered Office
- Shriram Properties IPO – FAQS
About Shriram Properties
Shriram Properties is one of the leading residential real estate development companies in South India, primarily focused on the mid-market and affordable housing categories. Shriram Properties is one among the top five residential real estate companies in South India in terms of number of units launched between the calendar years 2012 and the third quarter of 2021 across Tier 1 cities of South India including Bengaluru, Chennai and Hyderabad.
Shriram Properties also present in the mid-market premium and luxury housing categories as well as commercial and office space categories in our core markets. The company is part of the Shriram Group, which is a prominent business group with four decades of operating history in India and a well-recognized brand in the retail financial services sector and several other industries.
Shriram Properties believe that the relationship with the Shriram Group provides with strong brand recall and that the benefit, and will continue to benefit, from the trust and confidence that homebuyers, lenders, financial investors, landowners, development partners, contractors and other stakeholders place in the Shriram brand and its operational history.
Shriram Properties commenced operations in Bengaluru in the year 2000 and have since expanded the presence to other cities in South India, i.e., Chennai, Coimbatore and Visakhapatnam. In addition, the company also have presence in Kolkata in East India, where the developing a large mixed-use project. Bengaluru and Chennai are two key markets.
Important Details – Shriram Properties
| Date | Details |
|---|---|
| March 28, 2000 | The company was incorporated as Synectics Infoway Private Limited at Chennai, Tamil Nadu as a private limited company |
| March 17, 2003 | The name of the company was changed to Shriram Properties Private Limited |
| April 1, 2003 | The company has converted from a private limited company to a public limited company and vice versa multiple times between April 1, 2003 and October 24, 2018. |
| October 24, 2018 | The name of the company was changed to Shriram Properties Limited |
Objects of the Issue
- Repayment and / or pre-payment, in full or part, of certain borrowings availed by the Company and the Subsidiaries, Shriprop Structures, Global Entropolis and Bengal Shriram; and
- General corporate purposes, subject to applicable law
Shriram Properties Limited Financials:
Summary of financial Information (Restated Consolidated Statement)
| Particulars | For the year ended (₹ in millions) | ||
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 32,994.87 | 34,173.03 | 33,656.31 |
| Total income | 5,013.08 | 6,318.43 | 7,237.80 |
| Total Expenses | 5,121.38 | 6,710.15 | 7,542.20 |
| Profit After Tax | (681.78) | (863.93) | 487.91 |
Shriram Properties IPO Price – Details
| Description | SHRIRAMPPS IPO Details |
|---|---|
| Public Issue | Initial Public offer of [.] Equity Shares of ₹ 10 (aggregating upto ₹ 6,000 Million), comprising a fresh issue upto [.] Eq Shares of ₹ 10 (aggregating up to ₹ 2500 million and offer for sale of [.] Equity Shares of ₹ 10 (aggregating up to ₹ 3500 million) |
| Issue Open Date | 08-Dec-21 |
| Issue Close Date | 10-Dec-21 |
| Issue Type | Book Building |
| IPO Price Band | ₹ 113 – ₹ 118 |
| Face Value | ₹ 10 |
| Discount | Rs.11 per Equity Share for Eligible Employees Category |
| Market Lot | 125 Equity Shares and in multiples thereof |
| Minimum Order Quantity | 125 Equity Shares |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| Listing | NSE, BSE |
| NSE Symbol | SHRIRAMPPS |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
Shriram Properties IPO DRHP & RHP
Shriram Properties IPO Lot Size
| Application | Lots | No of Shares | Amount (Rs) |
| Minimum | 1 | 125 | ₹ 14,750 |
| Maximum | 13 | 1625 | ₹ 1,91,750 |
Shriram Properties IPO Lead Managers
- Axis Capital Limited
- ICICI Securities Limited
- Nomura Financial Advisory and Securities (India) Private Limited
Shriram Properties IPO Registrar
Company Promoters
- M. Murali,
- Shriram Properties Holdings Private Limited and
- Shriram Group Executives Welfare Trust
Shriram Properties IPO Allotment Date, Listing Date and other Important Dates
| Details | Date |
|---|---|
| Bid / Offer Opens on | 08-Dec-21 |
| Bid / Offer Closes on | 10-Dec-21 |
| Finalisation of Basis of Allotment | 15-Dec-21 |
| Initiation of refunds | 16-Dec-21 |
| Credit of the Equity Shares | 17-Dec-21 |
| Listing Date | 20-Dec-21 |
Company Peers – Comparison of Accounting Ratios
| Name of Company | Face Value | EPS (Basic) (₹) | Total Income (₹ in million) | NAV, as on March 31, 2021 (₹ per share) |
| Shriram Properties Limited | 10 | (4.60) | 5,013.08 | 56.44 |
| Sobha Limited | 10 | 6.57 | 21,904.00 | 255.97 |
| Prestige Estates Projects Limited | 10 | 36.32 | 75,018.00 | 166.52 |
| Brigade Enterprises Limited | 10 | (2.24) | 20,103.90 | 111.32 |
| Godrej Properties Limited | 5 | (7.48) | 13,330.90 | 299.32 |
| Oberoi Realty Limited | 10 | 20.33 | 20,905.87 | 257.68 |
| Sunteck Realty Limited | 1 | 2.98 | 6,308.42 | 19.75 |
Company Corporate Office
Shriram House, No. 31, 2nd Main Road,
T. Chowdaiah Road,
Sadashivanagar,
Bengaluru 560 080,
Karnataka, India;
Website: www.shriramproperties.com
Company Registered Office
Lakshmi Neela Rite Choice Chamber,
New No. 9, Bazullah Road,
T. Nagar, Chennai 600 017,
Tamil Nadu, India
Shriram Properties IPO – FAQS
What is the Shriram Properties IPO Price?
The Shriram Properties IPO price band is ₹ 113 – ₹ 118 per share
When Shriram Properties IPO will open?
The Shriram Properties IPO opens on Dec 08, 2021 and closes on Dec 10, 2021
What is the lot size of Shriram Properties IPO?
The Shriram Properties IPO lot size is 125 Equity Shares and the minimum order quantity is 125 Equity Shares
Who is the Registrar for Shriram Properties IPO?
The Registrar for Shriram Properties IPO is KFin Technologies Private Limited
How to apply in Shriram Properties IPO through UPI?
Check the step by step process here – Click here
How to apply in Shriram Properties IPO through Zerodha?
Check the step by step process here – Click here
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