Shriram Properties IPO GMP, Price, Date, Allotment

Shriram IPO GMP

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 Dates8 – 10 December 2021
Price BandINR113 – 118 per share
(employee discount – INR11 per share)
Fresh issueINR250 crore
Offer For SaleINR350 crore
Total IPO size INR600 crore
Minimum bid (lot size)125 shares (INR14,750)
Face Value INR10 per share
Retail Allocation10%
Listing OnNSE, BSE

Shriram Properties’ Financial Performance

 FY2019FY2020FY2021H1 FY2022
Revenue 723.8631.8501.3155.2
Expenses 754.2671.1512.1185.4
Net income48.1(86.4) (67.5)(60.4)
Margin (%)6.7(13.7)(13.5)(38.9)
Figures in INR crore unless specified otherwise

Shriram Properties IPO News

Shriram Properties Valuations & Margins

PE ratioNA
RONW (%) 5.13Not ApplicableNot 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

DateShriram Properties IPO GMPKostakSubject to Sauda
18 Dec 2021INR10INR200INR400
17 Dec 2021INR10INR200INR400
16 Dec 2021 INR20INR220INR450
15 Dec 2021 INR15INR200INR400
14 Dec 2021INR15INR400
13 Dec 2021 INR10INR200INR400
11 Dec 2021 INR10
10 Dec 2021 INR15
9 Dec 2021 INR20INR200INR400
8 Dec 2021INR25INR200

Shriram Properties IPO Subscription – Live Updates

CategoryShares OfferedDay 1Day 2Day 3
Subscription figures in number of times, at 5 PM

Shriram Properties IPO Reviews – Subscribe or Avoid?

Ajcon Global – subscribe
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Elite Wealth – Listing gains
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KR Choksey –
Marwadi Financial Services – Avoid
Motilal Oswal –
Nirmal Bang –
Religare Broking –
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 : +91 40 6716 2222/ 1800 309 4001
E-mail:  [email protected]

Shriram Properties Contact Details

Shriram Properties Limited
Shriram House, No. 31,
2nd Main Road, T. Chowdaiah Road,
Bengaluru 560 080,
Karnataka, India
Phone: +91 80 4022 9999
Email: [email protected]

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.


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