Shriram Properties IPO description – The company is one of the leading residential real estate development companies in South India, primarily focused on the mid-market and affordable housing categories. It is among the top five residential real estate companies in South India in terms of number of units launched between the calendar years 2012 and the third quarter of 2021 across Tier 1 cities of South India including Bengaluru, Chennai and Hyderabad. Shriram Properties is also present in the mid-market premium and luxury housing categories as well as commercial and office space categories in its core markets.
Part of the well-recognized Shriram Group, it has been operating since 2000 and has presence in Bengaluru, Chennai, Coimbatore, Visakhapatnam, and Kolkata (the first two being the key markets). Since inception, the company has focused on the mid-market and affordable housing categories within the residential housing market. According to a JLL Report, mid-market and affordable housing categories accounted for 75%, 72% and 74% of overall residential unit absorption during calendar years 2018, 2019 and 2020, respectively.
As of 30 September 2021, Shriram Properties has 29 completed projects, representing 16.76 million square feet of saleable area, out of which 24 completed projects in Bengaluru and Chennai accounted for 90.56% of its saleable area. Further, 83.69% of its total saleable area for completed projects were in the mid-market category and affordable housing category, and the remainder in the commercial and office space and luxury housing categories, as of 30 September 2021. Additionally, plotted developments accounted for 33.4% and 34.7% of sales volumes during the six months ended 30 September 2021 and FY2021, respectively.
Its portfolio consists of 26 ongoing projects, five Projects under development and four forthcoming projects, which accounted for 56.3%, 17.7% and 26% of its total estimated Saleable Area, respectively, as of 30 September 2021.
Promoters of Shriram Properties Limited – M. Murali, Shriram Properties Holdings Private Limited and Shriram Group Executives Welfare Trust.
Shriram Properties IPO Details
| Subscription Dates | 8 – 10 December 2021 |
| Price Band | INR113 – 118 per share (employee discount – INR11 per share) |
| Fresh issue | INR250 crore |
| Offer For Sale | INR350 crore |
| Total IPO size | INR600 crore |
| Minimum bid (lot size) | 125 shares (INR14,750) |
| Face Value | INR10 per share |
| Retail Allocation | 10% |
| Listing On | NSE, BSE |
Shriram Properties’ Financial Performance
| Â | FY2019 | FY2020 | FY2021 | H1 FY2022 |
| Revenue | 723.8 | 631.8 | 501.3 | 155.2 |
| Expenses | 754.2 | 671.1 | 512.1 | 185.4 |
| Net income | 48.1 | (86.4) | (67.5) | (60.4) |
| Margin (%) | 6.7 | (13.7) | (13.5) | (38.9) |
Shriram Properties IPO News
- Shriram Properties IPO lists on Monday, what GMP indicates
- Shriram Properties IPO RHP
- Shriram Properties IPO DRHP
Shriram Properties Valuations & Margins
| FY2019 | FY2020 | FY2021 | |
| EPS | 3.38 | (5.80) | (4.60) |
| PE ratio | – | – | NA |
| RONW (%) | 5.13 | Not Applicable | Not Applicable |
| ROCE (%) | 0.00 | 0.00 | 0.00 |
| EBITDA (%) | 11.04 | 14.31 | 24.15 |
| Debt/Equity | 0.00 | 0.00 | 0.00 |
| NAV | – | – | 56.44 |
Shriram Properties IPO GMP Daily Trend
| Date | Shriram Properties IPO GMP | Kostak | Subject to Sauda |
| 18 Dec 2021 | INR10 | INR200 | INR400 |
| 17 Dec 2021 | INR10 | INR200 | INR400 |
| 16 Dec 2021 | INR20 | INR220 | INR450 |
| 15 Dec 2021 | INR15 | INR200 | INR400 |
| 14 Dec 2021 | INR15 | – | INR400 |
| 13 Dec 2021 | INR10 | INR200 | INR400 |
| 11 Dec 2021 | INR10 | – | – |
| 10 Dec 2021 | INR15 | – | – |
| 9 Dec 2021 | INR20 | INR200 | INR400 |
| 8 Dec 2021 | INR25 | INR200 | – |
Shriram Properties IPO Subscription – Live Updates
| Category | Shares Offered | Day 1 | Day 2 | Day 3 |
| QIB | 1,58,49,559 | 0.00 | 0.12 | 1.85 |
| NII | 79,24,778 | 0.04 | 0.18 | 4.82 |
| Retail | 52,83,185 | 4.85 | 8.35 | 12.72 |
| Employees | 2,94,117 | 0.36 | 0.78 | 1.25 |
| Total | 2,93,51,639 | 0.89 | 1.63 | 4.60 |
Shriram Properties IPO Reviews – Subscribe or Avoid?
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Samco Securities – Avoid
SMC Global – 2/5
Ventura Securities – Unrated
Shriram Properties Offer Registrar
Kfin Technologies Private Limited
Selenium, Tower B,
Plot No- 31 and 32, Gachibowli, Financial District
Nanakramguda, Serilingampally
Hyderabad 500 032
Telangana, India
Phone :Â +91 40 6716 2222/ 1800 309 4001
E-mail:Â [email protected]
Website:Â www.kfintech.com
Shriram Properties Contact Details
Shriram Properties Limited
Shriram House, No. 31,
2nd Main Road, T. Chowdaiah Road,
Sadashivanagar,
Bengaluru 560 080,
Karnataka, India
Phone:Â +91 80 4022 9999
Email: [email protected]
Website: www.shriramproperties.com
Shriram Properties IPO Allotment Status
Shriram Properties IPO allotment is now available on KFin Technologies’ website. Click on this link to get allotment status.
Shriram Properties IPO Timetable
| IPO Opening Date | 8 December 2021 |
| IPO Closing Date | 10 December 2021 |
| Finalisation of Basis of Allotment | 15 December 2021 |
| Initiation of refunds | 16 December 2021 |
| Transfer of shares to demat accounts | 17 December 2021 |
| Listing Date | 20 December 2021 |
| Opening Price on NSE | INR90 per share (down 23.73% from IPO price) |
| Closing Price on NSE | INR99.6 per share (down 15.59% from IPO price) |
Shriram Properties IPO FAQs
How many shares in Shriram Properties IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%.
How to apply in Shriram Properties Public Offer?
The best way to apply in Shriram Properties IPO is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Shriram Properties IPO GMP today?
Shriram Properties IPO GMP today is INR10 per share.
What is Shriram Properties IPO kostak rate today?
Shriram Properties IPO kostak rate today is INR200 per application.
What is Shriram Properties Subject to Sauda rate today?
Shriram Properties Subject to Sauda rate today is INR400 per application.
