Shriram Properties IPO GMP, Shriram Properties Grey Market Premium (Today)
Know all details about Shriram Properties IPO: Shriram Properties IPO GMP (Shriram Properties Grey Market Premium), Shriram Properties IPO Date, Shriram Properties IPO Review, Shriram Properties IPO Benefits & Risks. We will update Shriram Properties Travel Technologies Limited Grey Market Premium daily. Also, all information related to Shriram Properties IPO like Shriram Properties IPO GMP, IPO price band, all dates, issue size and retail quota etc. All the important information about Shriram Properties IPO is given below.
Shriram Properties IPO
The IPO of Shriram Properties will open on 08 December 2021 and close on 10 December 2021. The price band of the IPO is ₹133 to ₹118. The company is looking to raise Rs 600 crore through an initial public offering (IPO). Where Approx ₹250 Crores will be from fresh issues and the rest (Approx ₹350 Crores) will be under OFS (Offer for Sale).
In this IPO, Approx ₹350 Crores worth of shares will be sold through an offer for sale. The IPO of Shriram Properties will be listed on NSE and BSE. The information given is on the basis of RHP filed by Shriram Properties Limited.
The company has emerged as a leading residential real estate development company in South India. The company primarily focuses on the mid-market and affordable housing categories. We will talk about Shriram Properties's financial, benefits, and risks of investing in the company. Also will know about Shriram Properties's business model.
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What is Shriram Properties IPO GMP Today?
Shriram Properties IPO GMP is ₹10.
What is the Shriram Properties IPO Date?
Shriram Properties IPO Opening date is 08 December 2021.
What is Shriram Properties IPO Expected Return?
Shriram Properties IPO Expected Returns is approx -%.
About Shriram Properties
Shriram Properties was established in the year 2000. Shriram Properties is a part of the Shriram Group. Shriram Properties is a leading residential real estate development company in South India. The company primarily focuses on the mid-market and offers affordable housing.
Shriram Properties operates in the mid-market segment as well as in premium, luxury housing, commercial, and office space categories. Major cities of South India such as Bengaluru, Chennai, Coimbatore, Visakhapatnam, and Kolkata are also the main destinations for the company.
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Purpose of the offer
- To make full or partial repayment and/or prepayment of certain borrowings taken by the Company.
- To fulfill the general corporate objectives of the company
Shriram Properties GMP Today (Grey Market Premium)
| DATE | GMP | KOSTAK | Subject to Sauda |
|---|---|---|---|
| 19 December | ₹ | ₹ | ₹ |
| 18 December | ₹10 | ₹- | ₹- |
| 17 December | ₹15 | ₹- | ₹- |
| 16 December | ₹15 | ₹- | ₹- |
| 15 December | ₹15 | ₹- | ₹- |
| 14 December | ₹10 | ₹- | ₹- |
| 13 December | ₹10 | ₹- | ₹- |
| 12 December | ₹10 | ₹- | ₹- |
| 11 December | ₹10 | ₹- | ₹- |
| 10 December | ₹10 | ₹- | ₹- |
| 09 December | ₹10 | ₹- | ₹- |
| 08 December | ₹20 | ₹- | ₹- |
| 07 December | ₹20 | ₹- | ₹- |
| 06 December | ₹20 | ₹- | ₹- |
| 05 December | ₹20 | ₹- | ₹- |
| 04 December | ₹20 | ₹- | ₹- |
| 03 December | ₹- | ₹- | ₹- |
| 02 December | ₹- | ₹- | ₹- |
| 01 December | ₹- | ₹- | ₹- |
Shriram Properties IPO Date and Price Band Details
Shriram Properties IPO open date: 08 December 2021, Closing date: 10 December 2021, and Listing date: 20 December 2021. The price band of Shriram Properties IPO is ₹113 to ₹118 per share. Shriram Properties IPO issue size is Rs 600 crores. Shriram Properties Ipo retails portion is 10%, QIB Portion is 75%, and NII Portion 15%.
| IPO Open: | 08 December2021 |
| IPO Close: | 10 December 2021 |
| Listing Date: | 20 December 2021 |
| Listing On: | NSE & BSE |
| IPO Size: | Approx ₹600 Crores |
| Fresh Issue: | Approx ₹250 Crores |
| Offer For Sale: | Approx ₹350 Crores |
| Price Band: | ₹113 to ₹118 per share |
| Face Value: | ₹10/Equity share |
| QIB Portion: | 75% |
| Issue Type: | Book Build |
| Retail Portion: | 10% |
Shriram Properties IPO Market Lot & Size
Shriram Properties IPO's minimum lot size is 125 shares with ₹14,750 application amount and the maximum lot size is 1625 shares with ₹191,750 application amount.
| Minimum Lot: | 01 |
| Minimum Lot Size: | 125 Shares |
| Minimum Amount: | ₹14,750 |
| Maximum Lot: | 13 |
| Maximum Lot Size: | 1625 Shares |
| Maximum Amount: | ₹191,750 |
Shriram Properties IPO Allotment & Listing Date
| Ipo Opening Date: | 08 December 2021 |
| IPO Closing Date: | 10 December 2021 |
| Basis of Allotment: | 15 December 2021 |
| Refund Date: | 16 December 2021 |
| Credit to Demat Account: | 17 December 2021 |
| Listing Date: | 20 December 2021 |
Shriram Properties IPO Review
HappiestPost View: To be Updated.
Brokerage Firm IPO Reviews
- Motilal Oswal: To be updated
- ICICI Securities: To be updated
- Capital Market: To be updated
- Ventura Securities Limited: To be updated
- GEPL Capital Ltd: To be updated soon
Shriram Properties Ipo Review
Review For Listing Gain
Review For Short term
Review For Long term
Strength
- The company is part of a reputed conglomerate 'Shriram Group'.
- The company is one of the leading residential property development companies in South India.
- The company works on a scalable and asset-light business model, which minimizes the capital requirement.
- The company has an experienced and professional management team
Risks
- The company is running at a loss for the last three financial years.
- The real estate industry has suffered a lot due to the Kovid epidemic.
- The company is still unable to make profits.
Shriram Properties Financials
Shriram Properties Financials (in Crores)
| Year | Total Assets | Revenue | Profit |
|---|---|---|---|
| 2019 | ₹724 | ₹754 | ₹48 |
| 2020 | ₹632 | ₹671 | -₹86 |
| 2021 | ₹344 | ₹353 | -₹65 |
Promotors
The promoters of the company are:
- M. Murali
- Shriram Group Executives Welfare Trust
- Shriram Properties Holdings Private Limited
Contact Details of Shriram Properties
Shriram Properties Limited
Lakshmi Neela Rite Choice Chamber,
New No. 9, Bazullah Road,
T. Nagar, Chennai 600 017,
Tamil Nadu, India
Tel: +914440014410
Website: www.shriramproperties.com
Contact Person: Duraiswamy Srinivasan
Company Secretary and Compliance Officer
E-mail: cs.spl@shriramproperties.com
Lead Managers
- Axis Capital Limited
- ICICI Securities Limited
- Nomura Financial Advisory and Securities Private Limited
Shriram Properties IPO Registrars
KFin Technologies Private Limited
Selenium, Tower B, Plot No. - 31 and 32
Financial District
Nanakramguda, Serilingampally
Hyderabad, Rangareddi 500 032
Telangana, IN
Tel: +914067162222
E-mail: murali.m@kfintech.com
Official Website: www.kfintech.com
Investor grievance ID: einward.ris@kfintech.com
Conclusion
The company is part of Shriram Group but the company is running in loss for the last two financial years, although the reason for this is being told as covid-19. If you are a risk-taking investor then you can go for listing gain and long term in Shriram Properties IPO. You should do one more research before investing in Shriram Properties.
Shriram Properties IPO GMP FAQs
What is Shriram Properties IPO GMP Today?
Shriram Properties IPO GMP is ₹20 as of today.
What is Shriram Properties IPO Opening Date?
Shriram Properties IPO Opening date is 08 December 2021.
What is Shriram Properties IPO Closing Date?
Shriram Properties IPO Closing date is 10 December 2021.
What is Shriram Properties IPO Listing Date?
Shriram Properties IPO Date is 20 December 2021.
What is Shriram Properties IPO Expected Returns?
Shriram Properties IPO Expected Returns is 10%.
Read More:
For other important information related to the stock market and Grey Market Premium, Costak rate, you can click on the links given below.
How to Apply the Shriram Properties Ltd IPO with Zerodha?
1). Open your Zerodha kite app and visit the Account tab, then see for console and click on IPO.
2). If you are a Desktop user then Log in to Console on Zerodha Website. Go to Portfolio and Click on IPO.
3). You will see the IPO name "Shriram Properties Ltd".
4). Then, Click on Bid Button.
5). Then, Enter your UPI ID.
6). Then, Fill in Quantity and Price. (we recommend, you should choose the Cutoff price.)
7). Then Submit the IPO Application Form.
8). Now go to your UPI App (PhonePe, Google Pay, etc) or BHIM App to Approve the mandate.
7). Then Submit the IPO Application Form.
8). Now go to your UPI App (PhonePe, Google Pay, etc) or BHIM App to Approve the mandate.
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