Shriram Properties IPO

IPO Date: 8th - 10th Dec 2021

Price Band

₹113 to ₹118

Issue Size

₹600 Cr

Market Lot


Face Value

₹10 Per Share

About Shriram Properties Limited IPO (Shriram Properties IPO) Detaill

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:

  • Part of the reputed Shriram Group
  • One of the leading residential real estate development companies in South India
  • Proven capabilities in project identification and execution
  • Strong strategic relationships with financial investors
  • Scalable and asset-light business model
  • Strong Financial Position
  • Well-positioned to benefit from regulatory and industry developments
  • The experienced and professional management team

Objects of the Issue

The IPO aims to utilize the net proceed towards the following purposes;

  • 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; and
  • General corporate purposes, subject to applicable laws.

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 Orher Quantity 125 Shares
Listing At BSE, NSE
Issue Size [.] Eq Shares of ₹10 (aggregating up to ₹600.00 Cr)
Fresh Issue [.] Eq Shares of ₹10 (aggregating up to ₹250.00 Cr)
Offer for Sale [.] Eq Shares of ₹10 (aggregating up to ₹350.00 Cr)
Employee Discount 11

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

Shriram Properties IPO FAQs

What is Shriram Properties IPO?

Shriram Properties IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹600.00 Crores. The issue is priced at ₹113 to ₹118 per equity share. The minimum order quantity is 125 Shares.

The IPO opens on Dec 8, 2021, and closes on Dec 10, 2021.

KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

When Shriram Properties IPO will open?

The Shriram Properties IPO opens on Dec 8, 2021 and closes on Dec 10, 2021.

What is the lot size of Shriram Properties IPO?

Shriram Properties IPO lot size is 125 Shares and the minimum order quantity is 125 Shares.

How to apply for Shriram Properties IPO?

You can apply in Shriram Properties IPO online using either UPI or ASBA as 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.

When Shriram Properties IPO allotment?

The finalization of Basis of Allotment for Shriram Properties IPO will be done on Dec 15, 2021, and the allotted shares will be credited to your demat account by Dec 17, 2021.

Check the IPO allotment status

When is Shriram Properties IPO listing date?

The Shriram Properties IPO listing date is not yet announced. The tentative date of Shriram Properties IPO listing is Dec 20, 2021.

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