BSE & NSE
08 Dec - 10 Dec '21
₹113 - ₹118
The offering by Shriram properties begins on 8th December 2021 and closes on 10th December 2021. This IPO includes both, a fresh issue of shares worth INR 250 Cr and the offer for sale (OFS) of worth INR 350 Cr. The size of the market lot of its shares is fixed at 125 units. Shriram Properties share price is planned to range within the band of ₹113 and ₹118 per unit. Let us go ahead into Shriram Properties IPO review.
Shriram Properties is one of the leading real estate developers in South India.
The company's product offerings include mid-market and affordable housing, as well as luxury and premium housing.
With operations in Visakhapatnam and Bengaluru, the company is focused on developing markets in the Tier 1 cities of the Southern region of India.
As of September 2021, it has 29 completed projects in these two markets. It also has a total of 35 projects in the pipeline.
When looking at Shriram Properties IPO details, investors anticipated to invest in it include Sundaram Asset Management, Premji Invest and Fusun Hive. The latter is the Chinese Fosun Group’s real estate wing. Collectively USD 150 million are expected to be funnelled in via these companies.
Shriram properties IPO dates are expected to reach the stock market at some point this month.
To decide whether to invest in the IPO or not, you must look at the following insights about Shriram Properties.
The company is well poised in the real estate market to attract better opportunities from future industry developments.
The business model of Shriram Properties involves low asset holding but at the same time the operations are scalable for bigger projects.
Company’s bond with the local as well as overseas investors is strong and has a strategic approach in it.
Following table showcase the financial history of last three years:
You must note the following related to Shriram Properties IPO dates.
Many Indian as well as global investors readily provide finances to Shriram Properties. This was ensured by their flawless track record of completing the projects efficiently.
The company is still facing adverse impact of the pandemic. And due to low demand in recent times, only a few projects contribute a significant part of their revenue.
Since the goodwill of Shriram Group is strong, the company can fetch more projects in the name of parent organization. Other major cities can also open new avenues for the Shriram Group in future.
If the profitability is not managed by the company, then it can start to have an adverse impact on the operations as the funds required in real estate business are high and cost of delayed projects can affect the profitability even more.
Leading residential property developers in Southern part of India.
They have readily available sources of finance for execution of projects.
Company has a flawless track record of finishing the projects.
They comply with the regulatory requirements and hold a clean record.
Business model is such that expansion can be done easily.
You can apply for the Shriram Properties Ltd. IPO in these ways:
Link your personal bank A/C to a trusted UPI ID and map it with your TradeSmart account. Now, proceed further to book your IPO. On acceptance of the mandate, the bid amount will get blocked in your bank account Learn more.
Who is leading this offering?
Axis Capital, Nomura and ICICI Securities are the lead managers to this issue.
Where will the shares of Shriram Properties be listed?
The shares of this IPO will be listed on National Stock Exchange and Bombay Stock Exchange, both, on the 20th of December 2021.
How much capital is required to apply for this IPO?
To apply for one lot of Shriram Properties, the minimum requirement of capital is INR 14,750.
For what purpose the funds will be used by Shriram Properties?
Shriram Properties will utilise the proceedings from this IPO for repaying the sum borrowed and for other general purpose related to corporate governance.
What is the total size of this IPO?
The total size of Shriram properties issue is INR 600 Cr out of which shares worth INR 250 Cr is fresh issue whereas balance of INR 350 Cr is OFS.
Who is the registrar for Shriram Properties IPO?
The registrar for this issue is KFintech Pvt Ltd.