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| IPO Listing At | BSE, NSE |
| IPO Issue Type | Book Build Issue |
| Issue Size | ₹600.04 Cr |
| Fresh Issue | ₹250.20 Cr |
| Offer for Sale | ₹349.84 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹113.00-118.00 per share |
| Discount | Retail: 0.00,Employee: 11.00 |
| BSE Code | 543419 |
| NSE Code | SHRIRAMPPS |
| Registrar | Kfin Technologies Ltd. |
| Lead Managers | ICICI Securities Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 125 shares and in multiples thereof
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:
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
| Period Ended | 30 Sep 2021 | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|---|
| Assets | 3,293.36 | 3,299.49 | 3,417.30 | 3,365.63 |
| Total Income | 155.15 | 501.31 | 631.84 | 723.78 |
| Profit After Tax | -60.03 | -68.18 | -86.39 | 48.79 |
| EBITDA | 37.07 | 121.05 | 90.41 | 79.93 |
| NET Worth | 768.78 | 837.54 | 904.46 | 979.70 |
| Reserves and Surplus | 689.43 | 756.35 | 831.59 | |
| Total Borrowing | 695.10 | 727.17 | 737.25 | 845.67 |
| Amount in ₹ Crore | ||||
