Shriram Properties IPO to hit the market on December 08, 2021 and to close on December 10, 2021 as per the official announcement. Shriram Properties India Limited IPO to raise around ₹600 crores via IPO that comprises fresh issue of ₹250 crores and offer for sale up to ₹350 crores of ₹10 each. The retail quota is 10% while QIB is 75% and HNI is 15%.
Shriram Properties Limited gets SEBI’s go-ahead to float an IPO. Shriram Properties is one of the leading residential real estate development companies in South India. They have focused on the mid-market and affordable housing categories. They are a part of Shriram Group of Companies. They are in the top 5 largest residential real estate companies in South India as per the number of aggregate units launched in the calendar years 2015 to 2020. They also have their presence in mid-market premium and luxury housing categories, commercial and office space categories as well as plotted development categories. Check out Shriram Properties IPO details.
Important Details:
- Big Player in Real Estate Sector in India.
- Leading residential real estate development companies in South India.
- Present in mid-market premium and luxury housing categories, commercial and office space category.
- They are part of the Shriram Group.
- The company already complited more that 25 projects representing 12.86 million square feet of Saleable Area, out of which our 20 completed projects in the cities of Bengaluru and Chennai.
- They have over 30 ongoing and upcoming real estate projects.
Shriram Properties IPO Review
- May Apply
Brokerage Firm IPO Reviews
- ICICI Securities: –
- Motilal Oswal: –
- Capital Market: –
- Ventura Securities Limited: –
- KR Choksey: –
- GEPL Capital Ltd: –
Shriram Properties IPO Date & Price Band
| IPO Open: | 08 December 2021 |
| IPO Close: | 10 December 2021 |
| IPO Size: | Approx ₹600 Crores |
| Fresh Issue: | Approx ₹250 Crores |
| Offer for Sale: | Approx ₹350 Crores |
| Face Value: | ₹10 Per Equity Share |
| Price Band: | ₹113 to ₹118 Per Share |
| Listing on: | BSE & NSE |
| Retail Quota: | 10% |
| QIB Quota: | 75% |
| NII Quota: | 15% |
| Discount: | ₹11 for Employees |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Shriram Properties IPO Market Lot
The Shriram Properties IPO minimum market lot is 125 shares with ₹14,750 application amount. The retail investors can apply up-to 13 lots, 1625 shares with ₹191,750 application amount.
| Minimum Lot Size: | Minimum 125 Shares for 1 lot |
| Minimum Amount: | ₹14,750 for 1 lot |
| Maximum Lot Size: | Maximum 1625 Shares for 13 lot |
| Maximum Amount: | ₹191,750 for 13 lot |
Shriram Properties IPO Date, Time Table, Allotment & Listing
The Shriram Properties IPO date is 08 December 2021 and the IPO close date is 10 December 2021. The allotment date is 15 December 2021 and the IPO may list on 20 December 2021.
| Price Band Announcement: | 03 December 2021 |
| Anchor Investors Allotment: | 07 December 2021 |
| IPO Open Date: | 08 December 2021 |
| IPO Close Date: | 10 December 2021 |
| Basis of Allotment: | 15 December 2021 |
| Refunds: | 16 December 2021 |
| Credit to Demat Account: | 17 December 2021 |
| IPO Listing Date: | 20 December 2021 |
Shriram Properties IPO Form
How to apply the Shriram Properties IPO? You can apply Shriram Properties IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Shriram Properties IPO in the Invest section. The other option you can apply Shriram Properties IPO via IPO forms download via NSE and BSE. Check out the Shriram Properties forms – click NSE Forms & BSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
Shriram Properties Company Financial Report
| ₹ in Crores | |||||
| Income | Expense | PAT |
|||
| 2019 | ₹724 | ₹754 | ₹48.79 | ||
| 2020 | ₹632 | ₹671 | -₹86.39 | ||
| 2021 -9M |
₹344 | ₹353 | -₹65.02 | ||
Company Promoters
- M. Murali
- Shriram Properties Holdings Private Limited
- Shriram Group Executives Welfare Trust
Shriram Properties IPO Registrar
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
#Formerly known as Karvy Fintech Private Limited
Note: Check Tega Industries IPO allotment status on KFintech website allotment URL. Click Here
Shriram Properties IPO Lead Managers
- Axis Capital Limited
- ICICI Securities Limited
- Nomura Financial Advisory and Securities (India) Private Limited
Company Address
Shriram Properties Limited
Lakshmi Neela Rite Choice Chamber,
New No. 9, Bazullah Road,
T. Nagar, Chennai 600 017,
Tamil Nadu, India
Tel: +91 44 4001 4410
Website: www.shriramproperties.com
Contact Person: Duraiswamy Srinivasan
Company Secretary and Compliance Officer
E-mail: cs.spl@shriramproperties.com
Corporate Identity Number: U72200TN2000PLC044560
Shriram Properties IPO FAQs
What is Shriram Properties IPO?
Shriram Properties IPO is a main-board IPO. They are going to raise ₹600 Crores via IPO. The issue is priced at ₹113 to ₹118 per equity share. The IPO is to be listed on BSE & NSE.
When Shriram Properties IPO will open?
The IPO is to open on 08 December 2021 for QIB, NII, and Retail Investors.
What is Shriram Properties IPO Investors Portion?
The investors’ portion for QIB 75%, NII 15%, and Retail 10%.
How to Apply the Shriram Properties IPO?
You can apply Shriram Properties IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply the Shriram Properties IPO through Zerodha?
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Shriram Properties”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.
How to Apply the Shriram Properties IPO through Upstox?
Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Shriram Properties”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – mandate. Open Demat Account with Upstox.
What is Shriram Properties IPO Size?
Shriram Properties IPO size is ₹600 crores. The IPO comprises ₹250 crores fresh issue and offers for sale of ₹350 crores.
What is Shriram Properties IPO Price Band?
Shriram Properties IPO Price Band is ₹113 to ₹118 per equity share.
What is Shriram Properties IPO Minimum and Maximum Lot Size?
The minimum bid is 125 Shares with ₹14,750 amount while the maximum bid is 1625 shares with ₹191,750.
What is Shriram Properties IPO Allotment Date?
Shriram Properties IPO allotment date is 15 December 021.
What is Shriram Properties IPO Listing Date?
Shriram Properties IPO listing date is 20 December 021. The IPO to list on BSE and NSE.
Note: The Shriram Properties IPO final details are officially announced. The IPO grey market premium (Shriram Properties IPO Premium) is updated on their particular page. You can check our IPO grey market page for daily updates.)
