Shriram Properties IPO

Shriram Properties Ltd.

IPO Listing Details

Listed On

BSE & NSE

Listed On

Issue Price

₹118

Issue Price

Listing Price

₹94

Listing Price

Listing Gains

-₹24.00 (-20.34%)

Listing Gains

IPO Details

Bidding Dates

08 Dec - 10 Dec '21

Bidding Dates

Min. Investment

₹14,125

Min. Investment

Lot Size

125.00

Lot Size

Price Range

₹113 - ₹118

Price Range

Issue Size

575 Cr

Issue Size

IPO Doc

(D)RHP PDF  

(D)RHP PDF

Subscription Rate - Shriram Properties Ltd. IPO

  • Retail Individual Investor
    12.72x
  • Non-Institutional Investor
    4.82x
  • Qualified Institutional Buyers
    1.85x
  • Employees
    1.25x


About Shriram Properties Ltd. IPO

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.

Shriram Properties Ltd. IPO Latest News and Subscription Status Today (Live)

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.


Why should you invest in Shriram Properties Ltd. IPO?

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.

Financial Position

Following table showcase the financial history of last three years:

  • Particulars
    31.3.2021
    31.3.2020
    31.3.2019
  • Income
    ₹501.30 Cr
    ₹631.85 Cr
    ₹723.80 Cr
  • Profit After Tax
    ₹(68.20) Cr
    ₹(86.40) Cr
    ₹48.80 Cr
  • Earning Per Share
    ₹(4.60)
    ₹(5.80)
    ₹3.40

Shriram Properties IPO - Important Dates

You must note the following related to Shriram Properties IPO dates.

  • Event
    Date
  • Opening Date
    8th December
  • Closing Date
    10th December
  • Allotment Date
    15th December
  • Refund Date
    16th December
  • Date of Credit of Shares
    17th December
  • Date of Listing
    20th December


SWOT Analysis - Shriram Properties Ltd. IPO

Strengths:

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.

Weaknesses:

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.

Opportunities:

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.

Threats:

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.


Competitive Analysis - Shriram Properties Ltd. IPO

  • 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.



How to apply for Shriram Properties Ltd. IPO?

You can apply for the Shriram Properties Ltd. IPO in these ways:

UPI
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.

Demat Account

1. If you are an Existing TradeSmart demat account holder and wish to apply for an Shriram Properties Ltd. click here.
2. If you don't have a TradeSmart Account? Sign up.

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Frequently Asked Questions (FAQs) - Shriram Properties Ltd. IPO

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.

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