Saturday, December 18, 2021

Shriram Properties IPO Listed at 24% Discount on Indices

Shriram Properties IPO to list on NSE and BSE on 20 December 2021, Monday at 10:00 AM. The Chennai-based Shriram Properties is the best residential real estate development company in South India. The company have strong focuses on the mid-market and affordable housing segments. They are mostly dealing in Bengaluru and Chennai markets in which they have completed 24 projects. The IPO subscribed 4.60x times that comprises Qualified Institutional Buyer (QIB) 1.85x, Non-institutional Bidders (NII) 4.82x, and Retail (RII) 12.72x. The company reported a loss of ₹65 crores in 2021 against a loss of ₹86 crores in 2020. The revenues were down in 2021 (9M) to ₹344 crores against ₹632 crores in 2020. The stock will list in B Group. As per the market speculations the stock might list in between ₹100 to ₹125 range. Check out the Shriram Properties IPO listing details as given below:

Latest Update: Shriram Properties IPO listed at 25% discount at ₹90 on NSE and ₹94 on BSE. The stock was hammered due to the bearish market and it was on the cards as the Shriram Properties share price was not able to list above IPO price. Happy Investing!

Shriram Properties


    Shriram Properties Share Price Live Quote

    Details BSE Listing NSE Listing
    IPO Price
    ₹118.00
    ₹118.00
    List Price
    ₹94.00
    ₹90.00
    High Price
    ₹106.35
    ₹106.40
    Low Price
    ₹91.75
    ₹90.00
    Close Price
    ₹99.40
    ₹99.60
    Volume
    23,42,848
    3,00,22,513
    BSE Notice of Listing: Notice

    Shriram Properties IPO Listing Details

    Find the Shriram Properties IPO listing details like BSE Code, NSE Code, ISIN Number, and Listing Group. The information given below will help you on the Shriram Properties share listing day.
    BSE Code543419
    NSE CodeSHRIRAMPPS
    GroupB Group
    ISIN NoINE217L01019
    Offer Price₹118
    Face Value₹10
    Listing Date20 December 2021, Monday

    Important Links:


    Shriram Properties IPO Subscription Status (Final Data)

    Category Day 1 Day 2 Day 3
    QIB 0.00 0.12 1.85
    NII 0.04 0.18 4.82
    RII 4.85 8.35 12.72
    EMP 0.36 0.78 1.25
    Total 0.89 1.63 4.60

    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 Listing FAQs:


    When is Shriram Properties IPO Listing Date?
    Shriram Properties IPO listing date is 20 December 2021, Monday.

    What will be the estimated listing price of Shriram Properties stock?
    As per the market speculations, the IPO might list at ₹100 to ₹125 level. If the market supports the stock might go on a higher side around ₹140+ level while on the downside the stock might hit to ₹90 level.

    How many returns are expected in Shriram Properties IPO?
    The IPO might give a listing loss of ₹- to ₹-.

    What is Shriram Properties Share Price on Listing Day?
    The IPO is listed at ₹90.00 on NSE and at ₹94.00 on BSE.

    Will Shriram Properties will list on NSE and BSE?
    Yes, The IPO to list on NSE and BSE both the indices.

    Should I buy Shriram Properties shares on a listing day?
    Long-term investors should buy the stock on a listing day. Stock Market investments are subject to market risks.

    What is a BSE and NSE Code for the Shriram Properties IPO?
    The BSE Code is 543419 while NSE Code is SHRIRAMPPS.