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Shriram Properties IPO Details

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Shriram Properties IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents

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.

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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

DateDetails
March 28, 2000The company was incorporated as Synectics Infoway Private Limited at Chennai, Tamil Nadu as a private limited company
March 17, 2003The name of the company was changed to Shriram Properties Private Limited
April 1, 2003The 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, 2018The 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 IssueInitial 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  Date08-Dec-21
Issue Close Date10-Dec-21
Issue TypeBook Building
IPO Price Band₹ 113 – ₹ 118
Face Value ₹ 10
DiscountRs.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 InvestorRs. 2,00,000
Listing NSE, BSE
NSE SymbolSHRIRAMPPS
IPO Market Timings 10.00 a.m. to 5.00 p.m.

Shriram Properties IPO DRHP & RHP

Shriram Properties IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum1125₹ 14,750
Maximum131625₹ 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

DetailsDate
Bid / Offer Opens on08-Dec-21
Bid / Offer Closes on10-Dec-21
Finalisation of Basis of Allotment15-Dec-21
Initiation of refunds 16-Dec-21
Credit of the Equity Shares17-Dec-21
Listing Date20-Dec-21

Company Peers – Comparison of Accounting Ratios

Name of CompanyFace Value EPS (Basic)
(₹)
Total Income
(₹ in
million)
NAV, as on March 31, 2021
(₹ per share)
Shriram Properties Limited10(4.60)5,013.0856.44
Sobha Limited 106.5721,904.00255.97
Prestige Estates Projects Limited1036.3275,018.00166.52
Brigade Enterprises Limited10(2.24) 20,103.90111.32
Godrej Properties Limited 5(7.48)13,330.90299.32
Oberoi Realty Limited1020.3320,905.87257.68
Sunteck Realty Limited12.986,308.4219.75

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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