Shriram Properties is going to issue Shriram Properties IPO in the share market. So, get ready. Because today we are going to give you a review of the IPO and also provide you necessary details regarding with its lot size, price and what is the best offer they will give you. Shriram Properties have already announced that they will issue their company share through Initial Public Offering in the share market from December 8, 2021, to the closing date of December 10, 2021.
According to the sources, the company is likely to raise around ₹600 crores through IPO that contain the fresh issue of ₹250 crores and offer for sale up to ₹350 crores of ₹10 each. The benefit for retail investors is 10%, QIB is 75% and HNI is 15%.
Shriram Properties IPO Review & All Details
Let’ have a look at the company background. Shriram Properties is one of the prime residential real estate development companies that have been dominated in South India. The Company has been part of the Shri Shyam Group of companies. They mainly target the mid-market and affordable housing categories.
The company has been counted in the top 5 largest residential real estate companies in South India at present. They are also involved in the mid-market premium and luxury housing categories, advertisement and office space categories as well as plotted development categories. Have a look at the IPO details.
Shriram Properties IPO Date & Details
| IPO Opening Date | Dec 8, 2021 |
| IPO Closing Date | Dec 10, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹113 to ₹118 per equity share |
| Market Lot | 125 Shares |
| Min Order Quantity | 125 Shares |
| Listing At | BSE, NSE |
| Issue Size | [.] Eq Shares of ₹10 (aggregating up to ₹600.00 Cr) |
| Fresh Issue | [.] Eq Shares of ₹10 (aggregating up to ₹250.00 Cr) |
| Offer for Sale | [.] Eq Shares of ₹10 (aggregating up to ₹350.00 Cr) |
| Employee Discount | 11 |
Shriram Properties IPO Lot Size & Price
The Shriram Properties IPO Market Lot Size is 125 shares. A retail-individual investor can apply for up to 13 lots (1625 shares or ₹191,750).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 125 | ₹14,750 |
| Maximum | 13 | 1625 | ₹191,750 |
Shriram Properties IPO Tentative Timetable
The Shriram Properties IPO Open Date is Dec 8, 2021, and the close date is Dec 10, 2021. The issue may list on Dec 20, 2021.
| IPO Open Date | Dec 8, 2021 |
| IPO Close Date | Dec 10, 2021 |
| Basis of Allotment Date | Dec 15, 2021 |
| Initiation of Refunds | Dec 16, 2021 |
| The credit of Shares to Demat Account | Dec 17, 2021 |
| IPO Listing Date | Dec 20, 2021 |
Financial Report of Shriram Properties
| ₹ in crores | |||
| Income | Expense | Profit After Tax | |
| 2019 | ₹724 | ₹754 | ₹48.79 |
| 2020 | ₹632 | ₹671 | -₹86.39 |
| 2021-9M | ₹344 | ₹353 | -₹65.02 |
After getting all the information on Shriram properties, the company has been facing losses since the year 2020 and raised a little bit of profit in the year 2021. As per the company structure, the major strength of the company is that they are part of the Shriram Group. So, we suggest that only long investors would like to invest in their IPO shares and others will have to wait for their next plan. We hope that we have provided enough details about the Shriram Properties IPO. For more reviews of IPOs of the company keep following us on All Social Updates.