Shriram Properties Limited IPO (Shriram Properties IPO) Detail

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

Company Promoters:

M. Murali, Shriram Properties Holdings Private Limited and Shriram Group Executives Welfare Trust are the company promoters.

Company Financials:

ParticularsFor the year/period ended (₹ in Millions)
Total Assets32,933.6332,994.8734,173.0333,656.31
Total Revenue1,551.505,013.086,318.437,237.80
Profit After Tax– 600.33– 681.78– 863.93487.91

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 DateDec 8, 2021
IPO Closing DateDec 10, 2021
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹113 to ₹118 per equity share
Market Lot125 Shares
Min Order Quantity125 Shares
Listing AtBSE, 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 Discount11

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 DateDec 8, 2021
IPO Close DateDec 10, 2021
Basis of Allotment DateDec 15, 2021
Initiation of RefundsDec 16, 2021
Credit of Shares to Demat AccountDec 17, 2021
IPO Listing DateDec 20, 2021

Shriram Properties IPO Lot Size

The Shriram Properties IPO market lot size is 125 shares. A retail-individual investor can apply for up to 13 lots (1625 shares or ₹191,750).

ApplicationLotsSharesAmount (Cut-off)

Shriram Properties IPO Promoter Holding

Pre Issue Share Holding31.98%
Post Issue Share Holding

Company Contact Information

Shriram Properties Limited
Lakshmi Neela Rite Choice Chamber, New No. 9,
Bazullah Road, T. Nagar, Chennai 600017,
Tamil Nadu, India
Phone: +91 44 4001 4410

Shriram Properties IPO Registrar

KFintech Private Limited

Phone: 04067162222, 04079611000

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