Friday, December 10, 2021

Shriram Properties IPO Subscription Status {Final Data}

Shriram Properties Limited IPO subscription to start from December 8, 2021 and it will close on December 10, 2021, Friday. The retail quota of this IPO is 10%, QIB is 75% and HNI is 15% quota. There is a special quota for employees in that they will get ₹11 discount/equity share. The company to raise ₹600 crores via IPO at a price band of ₹113 to ₹118. The minimum bid for the IPO is 125 shares that cost ₹14,750 for l lot. 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. Check out more detail for Shriram Properties IPO as below.

IPOWatch View
We recommend investors apply for an IPO with a long-term view. Investors should look at the QIB and HNI sectors. You can check Shriram Properties grey market premium movement before investing. Check the Shriram Properties allotment status here.
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    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 Subscription FAQs:

    When Shriram Properties IPO Subscription will start?
    The IPO subscription starts on 08 December 2021 for QIB, NII, and Retail Investors.

    How much Shriram Properties IPO subscribed?
    The IPO subscribed 0.89x times on day 1.

    What is Shriram Properties IPO Retail subscription status?
    The RII subscription is 4.85x on day 1.

    How to subscribe Shriram Properties IPO?
    You can go with ASBA and Non ASBA option for subscription. Go to your bank account and apply IPO online via ASBA or download form online or get the physical form and submit the filled form to your broker or bank.

    How do i check live Shriram Properties IPO Subscription Numbers?
    One can visit our portal for live IPO subscription numbers that we are updating hourly basis from the official website NSE and BSE website. One can check the live subscription on BSE or NSE website on the particular IPO page.