Shriram Properties Ltd IPO- 8th December, 2021
Company Background
The company started its operations in 2000, in Bengaluru and is among the top five residential real estate companies in South India in terms of number of units launched between 2012 and the third quarter of 2021 across Tier 1 cities of South India including Bengaluru, Chennai and Hyderabad. Bengaluru and Chennai are the two key markets for the company, but it also has a presence in Kolkata.
Business Information
As of 31 September 2020, the company has successfully completed 29 projects which represent around 16.8 million square feet of sale-able area. Along with this, they have 35 ongoing projects and projects under development and this will take the sale-able area to 46.74 million square feet. The land reserves of the company, as of 30 September, 2021, stands at 197.47 acres with a saleable area of approximately 21.45 msf. Between 2008 and 2014, Shriram properties managed to raise $270 million from institutional investors and three-fifths of the company are owned by these investors. The post issue market cap is estimated to be around Rs.1,927-2,002 crore.
Facts about the company
Shriram properties is a part of the Shriram Group which has been in operation in India for the last 40 years.
It is one of the leading residential real estate developer in South India with a presence in Kolkata
Their main focus is on the affordable housing category and the mid level housing market, which is very lucrative in the current economy
A strong project identification and execution track record develops good will amongst the customers and this in turn leads to more people being attracted towards the upcoming projects.
Points to note before investing in Shriram Properties IPO
The company is dependent on third party contractors to build their various projects.
Scalable and asset-light business model.
Proven capabilities in project identification and execution.
The experienced and professional management team.
Well-positioned to benefit from regulatory and industry developments.
Disruption, shortage and unavailability of raw materials will again adversely affect the operations of the business.
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 |
Allotment, Listing and Refunds details
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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 |
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