Shriram Properties IPO to hit the market on December 08, 2021 and to close on December 10, 2021 as per the official announcement. Shriram Properties India Limited IPO to raise around Rs.600 crores via IPO that comprises fresh issue of Rs.250 crores and offer for sale up to Rs.350 crores of Rs.10 each. The retail quota is 10% while QIB is 75% and HNI is 15%.
Shriram
Properties Limited gets SEBI's go-ahead to float an IPO. Shriram
Properties is one of the leading residential real estate development
companies in South India. They have focused on the mid-market and
affordable housing categories. They are a part of Shriram Group of
Companies. They are in the top 5 largest residential real estate
companies in South India as per the number of aggregate units launched
in the calendar years 2015 to 2020. They also have their presence in
mid-market premium and luxury housing categories, commercial and office
space categories as well as plotted development categories.
Shriram Properties IPO Details
| Subscription Dates | 8 – 10 December 2021 |
| Price Band | INR113 – 118 per share |
| Fresh issue | INR250 crore |
| Offer For Sale | INR350 crore |
| Total IPO size | INR600 crore |
| Minimum bid (lot size) | 125 shares (INR14,750) |
| Face Value | INR10 per share |
| Retail Allocation | 10% |
| Listing On | NSE, BSE |
Shriram Properties IPO Market Lot
The Shriram Properties IPO minimum market lot is 125 shares with Rs.14,750 application amount. The retail investors can apply up-to 13 lots, 1625 shares with Rs.191,750 application amount.
Shriram Properties IPO Date, Time Table, Allotment & Listing
The Shriram Properties IPO date is 08 December 2021 and the IPO close date is 10 December 2021. The allotment date is 15 December 2021 and the IPO may list on 20 December 2021.
| Price Band Announcement: | 03 December 2021 |
| Anchor Investors Allotment: | 07 December 2021 |
| IPO Open Date: | 08 December 2021 |
| IPO Close Date: | 10 December 2021 |
| Basis of Allotment: | 15 December 2021 |
| Refunds: | 16 December 2021 |
| Credit to Demat Account: | 17 December 2021 |
| IPO Listing Date: | 20 December 2021 |
Shriram Properties Company Financial Report
| Rs. in Crores | |||||
| Income | Expense | PAT |
|||
| 2019 | Rs.724 | Rs.754 | Rs.48.79 | ||
| 2020 | Rs.632 | Rs.671 | -Rs.86.39 | ||
| 2021 -9M |
Rs.344 | Rs.353 | -Rs.65.02 | ||
Company Promoters
- M. Murali
- Shriram Properties Holdings Private Limited
- Shriram Group Executives Welfare Trust
Shriram Properties IPO Registrar
KFin Technologies Private Limited#
Selenium, Tower B, Plot No. - 31 and 32
Financial District
Nanakramguda, Serilingampally
Hyderabad, Rangareddi 500 032
Telangana, India
Tel: +91 40 6716 2222
E-mail: murali.m@kfintech.com
Website: www.kfintech.com
Investor grievance ID: einward.ris@kfintech.com
Contact Person: M. Murali Krishna
SEBI Registration Number: INR000000221
#Formerly known as Karvy Fintech Private Limited
Shriram Properties IPO Lead Managers
- Axis Capital Limited
- ICICI Securities Limited
- Nomura Financial Advisory and Securities (India) Private Limited
Company Address
Shriram Properties Limited
Lakshmi Neela Rite Choice Chamber,
New No. 9, Bazullah Road,
T. Nagar, Chennai 600 017,
Tamil Nadu, India
Tel: +91 44 4001 4410
Website: www.shriramproperties.com
Contact Person: Duraiswamy Srinivasan
Company Secretary and Compliance Officer
E-mail: cs.spl@shriramproperties.com
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