Shriram Properties Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 37,944,916 (75%) | — | ₹44,775 Cr |
| NII (HNI) | — | 7,588,982 (15%) | — | ₹8,955 Cr |
| Retail | — | 5,059,321 (10%) | — | ₹597 Cr |
| Employee | — | 280,373 (1%) | — | ₹33 Cr |
| Σ Total | — | 50,873,592 (100%) | — | ₹600,308 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 125 | ₹14,750 |
| Retail (Max) | 13 | 1,625 | ₹191,750 |
| S-HNI (Min) | 14 | 1,750 | ₹206,500 |
| B-HNI (Min) | 67 | 8,375 | ₹988,250 |
Financial Statements Amount in Crore
| Metric | 30-Sep-21 | 31-Mar-21 | 31-Mar-20 |
|---|---|---|---|
| Revenue | 155 | 501 | 632 |
| Profit After Tax | -60 | -68 | -86 |
| Total Assets | 3,293 | 3,299 | 3,417 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the Company and our Subsidiaries, Shriprop Structures, Global Entropolis and Bengal Shriram; and – 200.00
- 2 General corporate purposes, subject to applicable laws – 30.42
Company Overview
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