Shriram Properties IPO Reviews, Dates, Price Band, Market Lot & Financial Details 2021

The Shriram Properties IPO will hit the market soon, and you can apply for the IPO from 8th December to 10th December 2021. Shriram Properties is planning to raise ₹600 Crores through an IPO which consists of a fresh issue of ₹250 Crores worth equity and OFS (Offer For Sale) of ₹350 Crores by existing shareholders.

Shriram Properties is a subsidiary of the reputed Shriram Group. They are leading real estate developers in South India. They have completed 25 projects (12.85 million sq. ft.) saleable area in cities like Bangalore and Chennai. They focus on affordable housing, luxury housing, commercial buildings, and office spaces.

Shriram Properties IPO Dates & Price Band:

Open date8th December 2021
Close date10th December 2021
Total Size of IPO600 Cr.
Fresh Issue ₹250 Cr.
Offer for Sale₹350 Cr.
Price Band₹113- 118
Face Value₹10 per share
Listing onNSE and BSE
Retail Investor’s Portion10%

Shriram Properties IPO Market Lot:

The minimum market lot of Shriram Properties IPO is 125 shares with 14,750 applications. Retail investors can apply for 13 lots with 1625 shares application worth ₹1,91,450.

ApplicationLotSharesCut Off Amount
Minimum (RII)112514,750
Maximum (NII)1316251,91,450

Should you subscribe to Shriram Properties IPO?

We have researched and mentioned the strengths and risks of the Shriram Properties IPO. The final verdict will help you make the right decision.

Strength – 

  • Part of the reputed Shriram Group. 
  • In South India, Shriram Properties is a leading real estate company in the field of residential, office space, and commercial properties. 
  • They have 30+ ongoing projects in hand.

Risks

  • Pandemics caused due to Covid, Delta, Omicron viruses affect the financials of the company.
  • Suffered loss in the financial year 2020-21.

Honest Reviews – 

In the years before 2020, they performed very well when the real estate and luxury industries were doing well. Fear of the Omicron virus and lockdowns can affect the financials of the company in the future. We would suggest waiting and watching the financials of the company for a few quarters.

 Investors can invest for the listing gains in the Shriram Properties IPO. It’s early to predict but Shriram Properties IPO can give great listing gains. You can keep a track of Shriram Properties IPO GMP here.

Shriram Properties IPO Allotment & Listing Dates:

Shriram Properties IPO’s open date is 8th December and the closing date is 10th December. Allotment of shares will be done on 15th December and the listing date on NSE & BSE is 20th December 2021.

Allotment Date for Shriram Properties- 15th December 2021
Refund Date for Shriram Properties – 16th December 2021
Credit of Shares to Demat Account – 17th December 2021
Listing Date for Shriram Properties – 20th December 2021

Applying IPO through the form: 

Besides applying IPOs through ASBA application or through Demat accounts you can also apply to IPOs with the help of forms provided by NSE or BSE. This is one of the traditional and safe ways to apply for an IPO subscription. Download the form through this link and fill the form carefully. You have to submit your filled form to the bank or broker.

Financials of Shriram Properties IPO:

The financials of Shriram Properties are good. From 2019 the revenue numbers are increasing constantly. Net income is also increasing slightly. Upcoming financial numbers are expected to be good so we suggest investors apply for the IPO.

YearRevenue (₹ in Cr.)Expense (₹ in Cr.)PAT Net Income (₹ in Cr.)
2019723 754 48.25
2020 643671-86.10
2021 348282-65.72

Shriram Properties IPO Registrar

Kfin Technologies Private Limited
Selenium, Tower B,
Plot No- 31 and 32, Gachibowli, Financial District
Nanakramguda, Serilingampally
Hyderabad 500 032
Telangana, India
E-mail: shriram.ipo@kfintech.com

Company Address

Shriram Properties Limited
Shriram House, No. 31,
2nd Main Road, T. Chowdaiah Road,
Sadashivanagar,
Bengaluru 560 080,
Karnataka, India
Phone: +91 80 4022 9999

Shriram Properties IPO FAQs –


When will Shriram Properties IPO open for Investors?

Shriram Properties IPO will open on 8th December 2021 and will close on 10th December 2021.

What is Shriram Properties IPO Retail Portion?

The portion allocated for retail investors in Shriram Properties IPO is 10%

How to apply for Shriram Properties IPO?

You can apply Shriram Properties IPO in 3 ways:
Open a Demat account through a bank or brokerage firm and apply through it.
Apply via ASBA application online through your bank.
Fill up the offline IPO form and submit it to the bank or broker.

Should I invest in Shriram Properties IPO?

In the years before 2020, they performed very well when the real estate and luxury industries were doing well. Fear of the Omicron virus and lockdowns can affect the financials of the company in the future. We would suggest waiting and watching the financials of the company for a few quarters.

What is the allotment date for Shriram Properties shares?

15th December 2021 is the allotment date for Shriram Properties shares.

What is the listing date for Shriram Properties IPO?

20th December 2021 is the listing date for Shriram Properties. It will be listed on NSE and BSE.

What is the cutoff price for Shriram IPO?

The cutoff price for Shriram IPO is ₹118 per share.

Will Shriram Properties IPO give listing gains?

Investors can invest for the listing gains in the Shriram Properties IPO. It’s early to predict but Shriram Properties IPO can give great listing gains by seeing its grey market premium. You can keep a track of  Shriram Properties IPO GMP here.

How to Apply the Shriram IPO through Upstox?

Open UPSTOX ACCOUNT. Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Shriram Properties”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – mandate.

Disclaimer for Investors:

  • We on ipogmp.in do not buy or sell any kind of IPO forms.  
  • Do not subscribe to IPO just by seeing its GMP. You should do proper research about the fundamentals of a company.
  • IPO GMP changes every day and you can view the changes in the above table.
  • Always apply to an IPO after understanding financials and discussing with your financial advisor.
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