Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Shriram Properties IPO is a book build issue of ₹600.04 crores. The issue is a combination of fresh issue of 2.12 crore shares aggregating to ₹250.20 crores and offer for sale of 2.97 crore shares aggregating to ₹349.84 crores.
Shriram Properties IPO bidding started from Dec 8, 2021 and ended on Dec 10, 2021. The allotment for Shriram Properties IPO was finalized on Dec 15, 2021. The shares got listed on BSE, NSE on Dec 20, 2021.
Shriram Properties IPO price band is set at ₹118.00 per share . The lot size for an application is 125. The minimum amount of investment required by an retail is ₹14,125 (125 shares). The lot size investment for sNII is 14 lots (1,750 shares), amounting to ₹2,06,500, and for bNII, it is 68 lots (8,500 shares), amounting to ₹10,03,000.
The issue includes a reservation of up to 2,80,373 shares for employees offered at a discount of ₹11.00 to the issue price.
Axis Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Shriram Properties IPO RHP for detailed Information.
| IPO Date | December 8, 2021 to December 10, 2021 |
| Listing Date | December 20, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹113 to ₹118 per share |
| Issue Price Final | ₹118 per share |
| Lot Size | 125 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 5,08,73,592 shares (aggregating up to ₹600.04 Cr) |
| Fresh Issue | 2,12,12,576 shares (aggregating up to ₹250.20 Cr) |
| Offer for Sale | 2,96,61,016 shares of ₹10 (aggregating up to ₹349.84 Cr) |
| Employee Discount | ₹11.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 14,84,11,448 shares |
| Share Holding Post Issue | 16,96,24,024 shares |
Shriram Properties IPO offers total 5,08,73,592 shares. Out of which 3,79,44,916 (74.59%) allocated to QIB, 1,51,77,967 (29.83%) allocated to QIB, 75,88,982 (14.92%) allocated to NII, 50,59,321 (9.94%) allocated to RII and 2,27,66,949 (44.75%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 3,79,44,916 (74.59%) | NA |
| − Anchor Investor Shares Offered | 2,27,66,949 (44.75%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 1,51,77,967 (29.83%) | NA |
| NII (HNI) Shares Offered | 75,88,982 (14.92%) | NA |
| Retail Shares Offered | 50,59,321 (9.94%) | 40,474 |
| Employee Shares Offered | 2,80,373 (0.55%) | NA |
| Total Shares Offered | 5,08,73,592 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Shriram Properties IPO raises ₹268.65 crore from anchor investors. Shriram Properties IPO Anchor bid date is December 7, 2021. Shriram Properties IPO Anchor Investors list
| Bid Date | December 7, 2021 |
| Shares Offered | 2,27,66,949 |
| Anchor Portion Size (In Cr.) | 268.65 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 14, 2022 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 15, 2022 |
Shriram Properties IPO opens on December 8, 2021, and closes on December 10, 2021.
| IPO Open Date | Wed, Dec 8, 2021 |
| IPO Close Date | Fri, Dec 10, 2021 |
| Tentative Allotment | Wed, Dec 15, 2021 |
| Initiation of Refunds | Thu, Dec 16, 2021 |
| Credit of Shares to Demat | Fri, Dec 17, 2021 |
| Tentative Listing Date | Mon, Dec 20, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Dec 10, 2021 |
Investors can bid for a minimum of 125 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 125 | ₹14,750 |
| Retail (Max) | 13 | 1,625 | ₹1,91,750 |
| S-HNI (Min) | 14 | 1,750 | ₹2,06,500 |
| S-HNI (Max) | 67 | 8,375 | ₹9,88,250 |
| B-HNI (Min) | 68 | 8,500 | ₹10,03,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2000, Shriram Properties is a part of the Shriram Group and is one of the leading residential real estate development companies in South India. The company primarily focuses on the mid-market and affordable housing segments. The company is also present in the mid-market premium and luxury housing categories as well as commercial and office space categories. Bengaluru and Chennai are the key markets for the company. The company also has operations in Coimbatore, Visakhapatnam, and Kolkata.
As of September 30, 2021, the company has completed 29 projects, out of which 24 are in the cities of Bengaluru and Chennai. As of September 30, 2021, the company has a total portfolio of 35 projects in ongoing, projects under development, and forthcoming projects, stages, aggregating to 46.72 million square feet of estimated saleable area.
Competitive Strengths:
| Particulars | For the year/period ended (₹ in Millions) | ||||
|---|---|---|---|---|---|
| 30-Sep-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | ||
| Total Assets | 32,933.63 | 32,994.87 | 34,173.03 | 33,656.31 | |
| Total Revenue | 1,551.50 | 5,013.08 | 6,318.43 | 7,237.80 | |
| Profit After Tax | - 600.33 | - 681.78 | - 863.93 | 487.91 | |
The IPO aims to utilize the net proceed towards the following purposes;
[Dilip Davda] The company has been posting losses at the net level since FY20. H1 of FY22 too indicates a further dip in profits. The company claims that it has priced the IPO reasonably. The only favourable point, for now, is the Shriram Group tag and their efforts to back on track in the near term. Thus this issue is purely and only for long term investors who have surplus funds and risk appetite. Others can skip this issue and may buy at dip post listings. Read detail review...
| Listing Date | December 20, 2021 |
| BSE Script Code | 543419 |
| NSE Symbol | SHRIRAMPPS |
| ISIN | INE217L01019 |
| Final Issue Price | ₹118 per share |
| BSE Listing Group | B |
Shriram Properties Ltd.
Lakshmi Neela Rite Choice Chamber,
New No. 9,, Bazullah Road,
T. Nagar,
Chennai, Tamil Nadu, 600017
Phone: +91 44 4001 4410
Email: cs.spl@shriramproperties.com
Website: https://www.shriramproperties.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: murali.m@kfintech.com
Website: https://ipostatus.kfintech.com/
Shriram Properties IPO is a main-board IPO of 5,08,73,592 equity shares of the face value of ₹10 aggregating up to ₹600.04 Crores. The issue is priced at ₹118 per share. The minimum order quantity is 125.
The IPO opens on December 8, 2021, and closes on December 10, 2021.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Shriram Properties IPO using UPI as a payment gateway. Zerodha customers can apply in Shriram Properties IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shriram Properties IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shriram Properties IPO opens on December 8, 2021 and closes on December 10, 2021.
Shriram Properties IPO lot size is 125, and the minimum amount required for application is ₹14,750.
You can apply in Shriram Properties IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Shriram Properties IPO will be done on Wednesday, December 15, 2021, and the allotted shares will be credited to your demat account by Friday, December 17, 2021. Check the Shriram Properties IPO allotment status.
The Shriram Properties IPO listing date is on Monday, December 20, 2021.
Useful Articles
RHP