Wednesday, December 08, 2021

Shriram Properties raises ₹269 crores from Anchor Investors ahead of IPO

The Chennai based real estate company Shriram Properties raised ₹269 crores from anchor investors on December 07, 2021 Tuesday before the IPO. The Shriram Properties IPO to open on December 08, Wednesday. The company allotted total of 2,27,66,949 equity shares to 34 Anchor investors at a upper price band ₹118. The anchor investors list includes 4 Mutual Funds through a total of 24 schemes. The company is going to raise ₹600 crores. Check out the final list of Shriram Properties Anchor Investors given below:

Shriram Properties

The Committee of the Company held on December 7, 2021, in consultation with the Book Running Lead Managers to the Offer, has finalzied allocation of 2,27,66,949 Equity Shares, to Anchor Investors at Anchor Investor allocation Price of Rs. 118/- per Equity Share (including share premium of Rs. 108/- per Equity Share). The details are given below:

Shriram Properties Anchor Investors List
Shriram Properties Anchor Investors List
Shriram Properties Anchor Investors List
Shriram Properties Anchor Investors List
Shriram Properties Anchor Investors List
Source: BSEIndia

The Shriram Properties IPO to open on 08 December and closes on 10 November 2021. The price band is fixed at ₹113 to ₹118. Shriram Properties IPO application minimum bid is for 125 Shares (₹14,750) and maximum bid is 1625 shares (₹191,750). The Book Running Lead Managers of the IPO are Axis Capital Limited, ICICI Securities Limited and Nomura Financial Advisory and Securities (India) Private Limited.