Shriram Properties, part of Shriram Group is one of the leading residential real estate development companies in South India, primarily focused on the mid-market and affordable housing categories. 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 two key markets for the company with operations in Coimbatore, Visakhapatnam and Kolkata. As of September 30, 2021, it had 29 completed projects, out of which 24 are in Bengaluru and Chennai. While as of same period, the company has a total portfolio of 35 projects in ongoing, under development, and forthcoming stage, aggregating to 46.72 million square feet of estimated saleable area.
The public offer of Shriram Properties comprises fresh issuance of equity shares worth Rs. 250 crores and an offer for sale of equity shares aggregating up to Rs. 350 crores, valuing the IPO at Rs. 600 crores. For more information you can refer to the IPO Prospectus filed by the company.
Financial Snapshot:
| Financial Year Ended | Revenue (₹ Crores) | PAT (₹ Crores) | EPS (₹) |
|---|---|---|---|
| March 2019 | 723.78 | 48.79 | 3.38 |
| March 2020 | 631.84 | -86.39 | -5.8 |
| March 2021 | 501.31 | -68.18 | -4.6 |
| Period ended September 30, 2021 | 155.15 | -60.03 | -4.6 |
IPO Details
| Issue Period | 8th December to 10th December 2021 |
| Price Range | ₹ 113 to 118 per share |
| Minimum Bid Quantity | 125 and in multiples thereof |
| Finalisation of Allotment | 15th December 2021 |
| Initiation of Refunds | 16th December 2021 |
| Credit of Shares | 17th December 2021 |
| Listing Date | 20th December 2021 |
| Mandate end Date | 28th December 2021 |
How do I apply to the Shriram Properties IPO?
You can apply for the Shriram Properties IPO using any supported UPI app by following two steps:
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Enter your bid on Console
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Accept UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How to check the allotment status for Shriram Properties IPO?
You can check the allotment status for the Shriram Properties IPO on the website of the Registrar and Transfer agent . Alternatively, you can also check the allotment status on the NSE website. The tentative date of allotment is 15th December 2021.