About the Company
Shriram Properties, incorporated in 2000, is a part
of the Shriram Group. This company is among the leading property development
companies in Southern India, focusing on affordable housing and mid-market
sectors. However, they are also present in the following segments:
- Office space
- Mid-market premium
- Mid-market luxury housing categories
- Commercial
Shriram Properties has completed 29 projects as of
September 2021. 24 of these projects are in Bengaluru and Chennai. They
presently have a portfolio of 35 ongoing projects.
Competitive Strengths
The competitive strengths of this company are:
- Member of reputed Shriram Group
- Among the leading real estate developers in Southern India for the
residential sector
- Robust financial position
- A scalable business model that is asset-light
- Proven capacity to execute projects
- An erudite and professional management team
Financial Highlights
The company financials are for the past three years
are shown below:
|
For The Year Ended |
31 March 2021 |
31 March 2020 |
31 March 2019 |
|
|
Total Assets |
32,994.87 |
34,173.03 |
33,656.31 |
|
|
Total Revenue |
5,013.08 |
6,318.43 |
7,237.80 |
|
|
Profit After Tax |
(681.78) |
(863.93) |
487.91 |
|
Shriram Properties IPO
Details
|
IPO Opening Date |
Dec 8, 2021 |
|
IPO Closing Date |
Dec 10, 2021 |
|
Issue Type |
Book Built Issue IPO |
|
Face Value |
₹10 per equity share |
|
IPO Price |
₹113 to ₹118 per
equity share |
|
Market Lot |
125 Shares |
|
Min Order Quantity |
125 Shares |
|
Listing At |
BSE, NSE |
|
Issue Size |
[.] Eq Shares of ₹10 |
|
Fresh Issue |
[.] Eq Shares of ₹10 |
|
Offer for Sale |
[.] Eq Shares of ₹10 |
Shriram Properties IPO Tentative Timetable
The Shriram Properties IPO open date is Dec 8, 2021,
and the close date is Dec 10, 2021. The issue may list on Dec 20, 2021.
|
IPO Open Date |
Dec 8, 2021 |
|
IPO Close Date |
Dec 10, 2021 |
|
Basis of Allotment
Date |
Dec 15, 2021 |
|
Initiation of
Refunds |
Dec 16, 2021 |
|
Credit of Shares to
Demat Account |
Dec 17, 2021 |
|
IPO Listing Date |
Dec 20, 2021 |
How to Apply for IPO?
You can apply for the IPO in these ways:
Demat Account
If you’re a new investor open demat account for free with
Angel One using link https://tinyurl.com/k79bdf4z to begin your investment
journey.
UPI
Alternatively, you can apply for IPO through UPI. First,
you need to connect your bank account with a preferred UPI platform. Then, link
it with your Angel One account. After that, you can use the UPI option present
on the Angel One website and app to subscribe to IPO.
Finally, go to the UPI app to book shares for the IPO.
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