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Shriram Properties Limited IPO Detail

Shriram Properties Limited IPO Detail

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.

Competitive Strengths:

  • Part of the reputed Shriram Group
  • One of the leading residential real estate development companies in South India
  • Proven capabilities in project identification and execution
  • Strong strategic relationships with financial investors
  • Scalable and asset-light business model
  • Strong Financial Position
  • Well-positioned to benefit from regulatory and industry developments
  • The experienced and professional management team

Company Promoters

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

IPO Details

IPO Opening DateDec 08, 2021
IPO Closing DateDec 10, 2021
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price ₹113 - 118 per equity share
Market Lot125 Shares
Min Order Quantity125 Shares
Listing AtBSE, NSE
Issue Size₹600.00 Cr
Fresh Issue₹250.00 Cr
Offer for Sale₹350.00 Cr
Retail Portion 10%

IPO Subscription (Bidding Detail)

Day 1 0x 0.04x 4.86x 0.36x - 0.89x
Day 2 0.12x 0.19x 8.35x 0.79x - 1.63x
Day 3 1.85x 4.83x 12.72x 1.24x - 4.6x

IPO Tentative Timetable

The Shriram Properties Limited IPO open date is Dec 08, 2021, and the close date is Dec 10, 2021. The issue may list on Dec 20, 2021.

IPO Open DateDec 08, 2021
IPO Close DateDec 10, 2021
Basis of Allotment DateDec 15, 2021
Initiation of RefundsDec 16, 2021
Credit of Shares to Demat AccountDec 17, 2021
IPO Listing DateDec 20, 2021

IPO Lot Size

The Shriram Properties Limited IPO market lot size is 125 shares. A retail-individual investor can apply for up to 13 lots (1625 shares or ₹191750).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding31.98%
Post Issue Share Holding

Company Financials:

For the year/period ended (₹ in Crs)

Financial Year Total Assets Total Revenue Profit After Tax
30-Sep-21 344 353 -65.02
31-Mar-20 632 671 -86.39
31-Mar-19 724 754 48.79

Objects of the Issue:

The IPO aims to utilize the net proceed towards the following purposes;

  • 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; and
  • General corporate purposes, subject to applicable laws.

Shriram Properties Limited IPO Registrar:

KFin Technologies Limited

Shriram Properties Limited IPO Lead Manager(s):

Axis Capital Limited, ICICI Securities Limited, Nomura Financial Advisory And Securities (India) Pvt Ltd