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.
The IPO aims to utilize the net proceed towards the following purposes;
| 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 Orher Quantity | 125 Shares |
| Listing At | BSE, 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 Discount | 11 |
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 Date | Dec 8, 2021 |
|---|---|
| IPO Close Date | Dec 10, 2021 |
| 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 |
Shriram Properties IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹600.00 Crores. The issue is priced at ₹113 to ₹118 per equity share. The minimum order quantity is 125 Shares.
The IPO opens on Dec 8, 2021, and closes on Dec 10, 2021.
KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Shriram Properties IPO opens on Dec 8, 2021 and closes on Dec 10, 2021.
Shriram Properties IPO lot size is 125 Shares and the minimum order quantity is 125 Shares.
You can apply in Shriram Properties IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services.
The finalization of Basis of Allotment for Shriram Properties IPO will be done on Dec 15, 2021, and the allotted shares will be credited to your demat account by Dec 17, 2021.
Check the IPO allotment status
The Shriram Properties IPO listing date is not yet announced. The tentative date of Shriram Properties IPO listing is Dec 20, 2021.
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