Shriram Properties Limited IPO will open on 08th December 2021. Established in 2000, Shriram Properties Ltd is among the five largest residential real estate companies in South India (Bengaluru & Chennai). Let’s check this IPO in detail.
List of Topic Covered
Key Features of Shriram Properties IPO
- Shriram Properties IPO will open on 08th Dec 2021
- You can apply in this IPO from 08th Dec 2021 to 10th Dec 2021
- Issue Price band of the company is Rs. 113 – 118 per equity share.
- This IPO comprises fresh issue of shares worth Rs. 250 crores and an offer for sale (OFS) of Rs. 350 crores worth of equity shares by promoters and existing shareholders.
- It has a minimum 125 shares in one lot and you have to spend a minimum ₹14,750 for 1 lot.
- Shriram Properties IPO is looking to raise ₹ 600 Crore through this IPO.
Grey Market Premium of Shriram Properties IPO GMP
Grey market is an unregulated market to trade ipo shares before listing. Shriram Properties IPO price band is placed at ₹ 113 – ₹ 118 but the grey market premium of this share is currently 21% up i.e. at ₹ 25. So the share price of Shriram Properties IPO in the grey market is ₹ 143 (118 + 25).
Shriram Properties IPO Live Subscription Status
Data coming soon.
What is Shriram Properties Limited IPO
- Shriram Properties Limited is a part of the Shriram Group.
- They are the largest real estate company in south India.
- They also have presence in Coimbatore, Visakhapatnam and Kolkata as well.
- M. Murali is the Managing Director and Chairman of the company.
- Company has completed more than 29 projects with 46.72 million square feet of saleable area.
- Sun Apollo, ICICI Prudential, Tata Capital, TPG are the investment partners.
- On the financial front, the company was in profit in 2019 but the last two years were in losses and investors should keep a note of this point.
Shriram Properties IPO Conditions to know before Investing, Date, Lot Size, Allotment
| IPO Start Date | 08 December 2021 |
| IPO Close Date | 10 December 2021 |
| Share Allotment Date | 15 December 2021 |
| Refunds Date | 16 December 2021 |
| Credit to Demat Account Date | 17 December 2021 |
| IPO Listing Date | 20 December 2021 |
| Fresh Equity Share Issue | Shares worth of ₹ 250 Crore |
| Offer For Sale (OFS) Equity Share | Shares worth of ₹ 350 Crore |
| Face Value | ₹ 10 Per Equity Share |
| Price Band | ₹ 113 – ₹ 118 Per Equity Share |
| Retail Quota Share | 10% |
| QIB Quota | 75% |
| NII Quota | 15% |
| Listing on | NSE & BSE |
| Minimum Lot Size | 125 Share in 1 Lot |
| Minimum Amount | ₹ 14,750 For 1 Lot |
| Maximum Lot Size | 1625 Shares (13 Lot) |
| Maximum Amount | ₹ 191,750 (For 13 Lot) |
| Employee Discount | ₹ 11 per share |
How to Apply in Shriram Properties IPO
- You can apply for the Shriram Properties IPO through the ASBA facility available in your bank account.
- Just login to your online banking. GO to the IPO section and apply for RateGain Travel IPO
- Also you can apply this IPO through your trading account
- One more way to apply in this IPO is through forms which you can download from NSE and BSE website.
- After downloading forms, fill it properly and submit it to the respective banks or to your broker.
Shriram Properties Limited Financial Report of 2019,2020 & 2021
Company was in profit in 2019 but after that both the years were in losses (2020, 2021). This should be the point of concern for investors.
| Year | Revenue | Expense | PAT (Profit After Tax) |
| 2021 (9 Months) | ₹ 344 | ₹ 353 | – ₹ 65.0 |
| 2020 | ₹ 632 | ₹ 671 | – ₹ 86.39 |
| 2019 | ₹ 724 | ₹ 754 | ₹ 48.79 |
Retail Investors, QIB & NII quota in Shriram Properties IPO
Shriram PropertiesIPO’s 75% quota is reserved for the QIB category. 15% quota is reserved for NII Category and 10% quota is reserved for retail investors.
Shriram Properties IPO Promoters
- M. Murali
- Shriram Properties Holdings Private Limited
- Shriram Group Executives Welfare Trust
Shriram Properties IPO Lead Managers
- Axis Capital Limited
- ICICI Securities Limited
- Nomura Financial Advisory And Securities (India) Pvt Ltd
How to apply for the Shriram Properties IPO through Zerodha?
- Login to your console in Zerodha through desktop or app.
- Then go to your portfolio and click on IPO.
- You will see Shriram Properties IPO
- Then click on the bid button.
- After this enter your UPI ID, price and quantity (lot size)
- Click the submit button.
- At last you have to go to your UPI app to approve the mandate.
How to apply for the Shriram Properties IPO through Upstox?
- Login to your Upstox account through desktop or app.
- You will see the name Shriram Properties IPO
- Then hit the bid button.
- Click the submit button.
- At last you have to go to your UPI app to approve the mandate.
Allotment Status For Shriram Properties IPO
You can check Shriram Properties IPO allotment status on Registrar and Transfer Agent Website
Also you can check the allotment status on NSE Website
Click here to Read detail Review of RateGain Travel IPO
Shriram Properties IPO contact information
Shriram Properties Limited
Lakshmi Neela Rite Choice Chamber, New No. 9,
Bazullah Road, T. Nagar, Chennai 600017,
Tamil Nadu, India
- Phone: +91 44 4001 4410
- Email: cs.spl@shriramproperties.com
- Website: https://www.shriramproperties.com/
Shriram Properties IPO Registrar Contact Information
KFintech Private Limited
- Phone: 04067162222, 04079611000
- Email: murali.m@kfintech.com
- Website: https://karisma.kfintech.com/