IPO

Shriram Properties Limited IPO

Mainboard

Construction - Real Estate

Listed On: Dec 20, 2021 at ₹ 90.00(NSE)

₹ 14750 /125 Shares

Check Allotment

08 Dec, 2021

Open Date

10 Dec, 2021

Close Date

16 Dec, 2021

Allotment Date

20 Dec, 2021

Listing Date
Price Summary

Last Closing

83.85 (-28.94%)

52 Week High

113.19

52 Week Low

63.13

Last Update

19-Dec-2025 3:30 PM
IPO Issue Details
  • Issue Price ₹113-118 per equity share
  • Face Value ₹10 Per Equity Share 
  • Issue Price Approx 600 Crores : Fresh Issue 250 Crores + OFS 350 Crores
  • Listing at BSE, NSE
  • List Price 90.00(NSE)
  • Listing Date 2021-12-20
  • Lead Manager Axis Capital Limited,ICICI Securities Limited,Nomura Financial Advisory
  • Registrar KFintech Private Limited
IPO Details
  • Retail Portion 10% (Number of Retail Applications : 40,500 Approx)
IPO Documents
DRHP
RHP
IPO Details


The IPO of is priced at ₹113-118 per equity share, which has a face value of ₹10 Per Equity Share  each, IPO bidding starts from Dec 8, 2021 and ends on Dec 10, 2021. The allotment for IPO will be finalized on Dec 16, 2021. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Dec 20, 2021. The company shall list its equity shares on the BSE, NSE. KFintech Private Limited is the registrar of the issue.

The book-running lead manager for the IPO is/are Axis Capital Limited,ICICI Securities Limited,Nomura Financial Advisory.


The IPO sets its price band at 113-118 for each share. A single application for Shriram Properties Limited IPO must contain at least 125 shares.

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IPO Subscription Analysis And Details
Retail
12.72x
QIB
1.85x
NII
4.83x
Total
4.60x
As on QIB NII Retail Employee Total
Shares Offered / Reserved 158,49,559 79,24,778 52,83,185 2,94,117 293,51,639
Day 1 08-12-21 05:00 PM
0.00 x 0.04 4.85 x 0.36 x 0.89 x
Day 2 09-12-21 05:00 PM
0.12 x 0.19 8.35 x 0.79 x 1.63 x
Day 3 10-12-21 05:00 PM
1.85 x 4.83 12.72 x 1.24 x 4.60 x
Total No of Applications
456666
Subscription on the basis of Applications
11.28
Valuations
Earnings Per Share (EPS) ₹(4.02)/-
P/E Ratio (29.35)
RoNW 5.13%
Net Asset Value (NAV) - As on 30.09.21 ₹51.53
Company Financials
In Crs.
In Cr.
31-Mar-21 31-Mar-20 31-Mar-19
Assets 3,299.48 3,417,30 3,365.63
Revenue 501.30 631,84 723.78
Profit After Tax (68.17) (86.39) 48.79
About Company

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.

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- Promoter(s)

M. Murali

Shriram Properties Holdings Private Limited

Shriram Group Executives Welfare Trust

Pre Issue Share Holding : 31.98%

Post Issue Share Holding : 27.98%

IPO - Issue Objectives
1

Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the company and its subsidiaries, Shriprop Structures, Global Entropolis and Bengal Shriram;

2

General corporate purposes, subject to applicable laws.

IPO - Anchor Investors

Shriram Properties mops up Rs 268.65 crore from anchor investors ahead of IPO

Global investors including Optimix Wholesale Global Emerging Markets, Societe Generale, Pioneer Investment Fund, Nomura, and Blue Mount Capital made investments in the company through the anchor book.

Domestic investors — SBI Life Insurance, Sundaram Mutual Fund, Aditya Birla Sun Life, Nippon Life, HDFC Life Insurance Company, and HDFC Trustee — also participated in the anchor book.

IPO - Peers Comparison
P/B Ratio P/E Ratio RoNW Revenue(in Cr.)
Shriram Properties 2.29 (29.3) 5.13% 501.31
Sobha Limited 3.40 77.33 4.39% 2,190.49
Godrej Properties 6.32 638.0 0.99% 1,333.09
Oberoi Reality 4.49 60.50 7.42% 2,090.59