Shriram Properties Limited IPO – Allotment Status, Subscription, GMP & DRHP
Last Updated Date: Nov 19, 2022Let’s have a detailed review of the company and analytics of the Shriram Properties IPO release date, IPO offer price, subscription, Shriram Properties Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 113 to Rs 118 |
| Listing At | BSE, NSE |
| Min. Order Quantity | Dec 20, 2021 |
| Listing Date | Dec 20, 2021 |
| Offer for Sale | Rs 3500 Million |
| Fresh Issue | Rs 2500 Million |
| IPO Size | Rs 6000 Million |
| Tick Size | 1.00 |
Shriram Properties IPO is listed at NA% premium, check out the live share price by clicking on the below link.
Shriram Properties IPO – Summary
They are part of the Shriram Group, which is a prominent business group with four decades of operating history in India and a well-recognized brand in the retail financial services sector and several other industries.
They believe that their relationship with the Shriram Group provides them with strong brand recall and that they benefit, and will continue to benefit, from the trust and confidence that homebuyers, lenders, financial investors, landowners, development partners, contractors and other stakeholders place in the Shriram brand and its operational history.
The Promoters of this company are M. Murali, Shriram Properties Holdings Private Limited and Shriram Group Executives Welfare Trust. The lead manager to the issue is Axis, ICICI Securities Limited and Nomura Financial Advisory and Securities (India), and the Registrar to this issue is KFin Technologies Private Limited.
Check out Related IPO Links:
| Shriram Properties IPO GMP |
| Allotment – Shriram Properties IPO |
Shriram Properties IPO Date
The opening and the closing date of Shriram Properties Limited IPO are Dec 8, 2021, and Dec 10, 2021, respectively.
Shriram Properties IPO Subscription
| Day / Date | QIB | NII | RII | Emp | Total Subscription |
| 1st Day – 8th Dec | 0.00x | 0.04x | 4.85x | 0.36x | 0.89x |
| 2nd Day – 9th Dec | 0.12x | 0.18x | 8.35x | 0.78x | 1.63x |
| 3rd Day – 10th Dec | 1.85x | 4.82x | 12.72x | 1.25x | 4.60x |
| Shares Offered or Net Issue | 15,849,559 | 7,924,778 | 5,283,185 | 294,117 | 29,351,639 |
The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.
Check Shriram Properties IPO LIVE Subscription
- Shriram Properties IPO LIVE Bid details on BSE
- Shriram Properties IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
Shriram Properties IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Shriram Properties IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Dec 15, 2021 |
| Refunds Initiation | Dec 16, 2021 |
| Credit of Shares to Demat Account | Dec 17, 2021 |
| Share Listing Date | Dec 20, 2021 |
Shriram Properties IPO Price Band
The face value of each share is Rs 10, but the price band of the IPO is Rs 113 to Rs 118.
Shriram Properties IPO Equity Size
This Initial Public Issue of [●] Equity Shares of Rs.10 each for cash at a price of Rs 113 to Rs 118 per equity share aggregating to Rs.6000 Million.
Shriram Properties IPO Share Offering
Fresh Issue: The Fresh Issue of [●] Equity Shares by their Company, aggregating to Rs.2,500 million,
Issue Size: [●] Equity Shares of Rs.10 each, aggregating to Rs.6000 Million
Offer for Sale: Offer for sale consists of Up to [●] Equity Shares of face value of Rs.10 each, aggregating Rs.3,500 million.
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Shriram Properties IPO – Live Performance
The listing date of this IPO is Dec 20, 2021. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Shriram Properties Share Price |
Shriram Properties IPO Grey Market Premium
The Shriram Properties Limited IPO Grey Market Premium price is Rs 10, the Kostak rate is Rs NA and the Subject to Sauda is Rs NA.
Shriram Properties IPO – Company Overview
They commenced operations in Bengaluru in the year 2000 and have since expanded their presence to other cities in South India, i.e., Chennai, Coimbatore and Visakhapatnam. In addition, they also have presence in Kolkata in East India, where they are developing a large mixed-use project. Bengaluru and Chennai are two key markets for them.
These cities are among two key residential housing markets in India, contributing to approximately 29.70% of the launches in India, between calendar years 2012 and 2020 and 28.57% of the sold inventory in India between calendar years 2018 and 2020.
Since its inception, they have been focused on the mid-market and affordable housing categories as their target segment within the residential housing market.
Shriram Properties Limited – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
On the basis of the Standalone statement:-
| Amount (in INR & Millions) | ||||
| 31-Sep-21 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Total Assets | 32,933.63 | 32,994.87 | 34,173.03 | 33,656.31 |
| Total Revenue | 1,551.50 | 5,013.08 | 6,318.43 | 7,237.80 |
| *Total Expense | 1,854.29 | 5,121.38 | 6,710.15 | 7,542.20 |
| Profit After Tax | (600.33) | (681.78) | (863.93) | 487.91 |
Earnings per Equity Share (in INR Million)-
| 31-Sep-21 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Basic & Diluted | (4.60) | (4.60) | (5.80) | 3.39 |
Shriram Properties IPO – Promoters
The Promoters of this company are:
- M. Murali,
- Shriram Properties Holdings Private Limited
- Shriram Group Executives Welfare Trust
List of Related Parties (Key Managerial Personnel)
- M. Murali, Chairman and Managing Director
- S. Natarajan, Non-Executive Director
- Raphael Dawson, Non-Executive Director
- Gautham Radhakrishnan, Non-Executive Director
- T.S. Vijayan, Non-Executive Independent Director
Shriram Properties Limited IPO – Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to Equity Shares, aggregating up to Rs.6,000 million |
| Of which: | |
| Fresh Issue | Up to [●] Equity Shares, aggregating up to Rs. 2,500 million |
| Offer for sale | Up to [●] Equity Shares, aggregating up to Rs.3,500 million |
| Of which: | |
| QIB Portion | Not less than [●] Equity Shares |
| Of which | |
| Available for allocation to Mutual Funds only (5% of the QIB portion) (Excluding the Anchor Investor Portion) | Up to [●] Equity Shares |
| Balance for all QIBs including Mutual Funds | [●] Equity Shares |
| Retail Investors Portion | Not more than [●] Equity Shares |
| Non-Retail Investors Portion | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 148,411,448 Equity Shares |
| Equity Shares outstanding after the Issue | [●] Equity Shares |
Shriram Properties Limited IPO Issue Object
These are the IPO Issue Objects of the company
- Repayment and/ or pre-payment, in full or part, of certain borrowings availed by their Company, their Subsidiaries, Shriprop Structures, Global Entropolis and Bengal Shriram; and
- General corporate purposes, subject to applicable laws
Shriram Properties IPO – Basis of the Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Part of the Shriram Group and Backed by Marquee Investors
- One of the Leading Residential Real Estate Development Companies in South India with Focus on Mid-market and Affordable Housing Categories
- Demonstrated Capabilities in Project Identification and Strong Execution Track Record
- Established Strategic Relationships
- Scalable and Asset Light Business Model supported by their Strong Financial Position
- Well Positioned to Benefit from Regulatory and Industry Developments
- Experienced and Professional Management Team
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | (4.60) | NA | 56.44 |
| Mar-20 | (5.80) | NA | NA |
| 31-Mar-19 | 3.39 | 5.13 | NA |
Shriram Properties IPO : Competitive Peers
| Particulars | Face Value (in Rs.) | Basic EPS (In Rs.) | P/E Ratio | RONW in % | Total Income (Rs. in Millions) |
| Shriram Properties | 10 | (4.60) | [●] | NA | 5,013.08 |
| PEERS | |||||
| Sobha Limited | 10 | 6.57 | 133.13 | 2.59 | 21,904.00 |
| Prestige Estates Projects Limited | 10 | 36.32 | 12.86 | 23.31 | 75,018.00 |
| Brigade Enterprises Limited | 10 | (2.24) | NA | NA | 20,103.90 |
| Godrej Properties Limited | 5 | (7.48) | NA | NA | 13,330.90 |
| Oberoi Realty Limited | 10 | 20.33 | 45.29 | 7.91 | 20,905.87 |
| Sunteck Realty Limited | 1 | 2.98 | 160.64 | 1.35 | 6,308.42 |
Shriram Properties Limited IPO Lead Managers
| Lead Managers |
|
Axis Capital Limited ICICI Securities Limited Nomura Financial Advisory and Securities (India) Private Limited |
Shriram Properties Limited IPO Registrar to offer
| Registrar to the Offer |
| KFin Technologies Private Limited Selenium, Tower B, Plot No. – 31 and 32 Financial District Nanakramguda, Serilingampally Hyderabad, Rangareddi 500 032 Telangana, India Tel: +91 40 6716 2222 E-mail: murali.m@kfintech.com Website: www.kfintech.com Investor grievance ID: einward.ris@kfintech.com Contact Person: M. Murali Krishna SEBI Registration Number: INR000000221 |
Shriram Properties IPO – Other Details
- Statutory Auditor – Walker Chandiok & Co LLP
- Bankers to the Company – HDFC Bank Limited, RBL Bank Limited , and Canara Bank
Shriram Properties Limited IPO Review by Top 10 Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Shriram Properties Limited IPO News
News 1 – IPO ISSUE OPENS SOON [Download Prospectus]
News 2 – Download Shriram Properties IPO RHP
Shriram Properties IPO Review FAQs
What is the Issue Size of Shriram Properties IPO?
The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Shriram Properties IPO?
The price band for this particular IPO, i.e. Shriram Properties IPO ranges between Rs 113 to Rs 118. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Shriram Properties IPO Open Date?
The opening and closing dates for Shriram Properties IPO have been updated. The IPO is set to open on Dec 8, 2021, while the closing date is set at Dec 10, 2021.
What is the Shriram Properties IPO Allotment Date?
They also have the news regarding the respective allotment dates of Shriram Properties IPO. Basis of Allotment finalization is on Dec 15, 2021, refund initiation is on Dec 16, 2021, credit of shares is on Dec 17, 2021, and share listing date is on Dec 20, 2021.
What is the Shriram Properties IPO Listing Date?
Shares of Shriram Properties shall be listed in the exchanges on Dec 20, 2021. The date, when the listing would be done, is stagnant on Dec 20, 2021.
Who is the Registrar of Shriram Properties IPO?
One of the reputed registrars is managing the issue of Shriram Properties IPO, i.e. KFin Technologies Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Shriram Properties IPO?
Here are the promoters of Shriram Properties – M. Murali, Shriram Properties Holdings Private Limited, and Shriram Group Executives Welfare Trust. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Shriram Properties IPO?
They have obtained the GMP of Shriram Properties IPO and it is Rs 10. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Shriram Properties IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Shriram Properties Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Million is (681.78), 2020 is (863.93), 2019 is 487.91. PAT from Sep 2021 is (600.33).
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