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Open
8 Dec 2021
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Close
10 Dec 2021
3
Allotment
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Listing
Mon, Dec 20, 2021
Price Band
₹113 to ₹118
Issue Size
5,08,73,592 shares (agg. up to ₹600 Cr)
Lot Size
125 Shares
Listing Date
Mon, Dec 20, 2021
Latest GMP
₹-10
Est. Gain
-8.47%
✦ AI Insight
GMP Trend
20-12-2021₹-10Est. ₹108-8.47%
19-12-2021₹-10Est. ₹108-8.47%
18-12-2021₹-10Est. ₹108-8.47%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 2.20x |
Restated Financials (₹ Cr.)
| 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 |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Macrotech Developers Ltd. | Mainboard | ₹2,500.00 Cr | ₹486 | null | ₹465.25 | -4.27% | ₹1,178.10 (+1.36%) |
| Samor Reality Ltd. | SME | ₹8.06 Cr | ₹62 | null | ₹62.45 | +0.73% | ₹90.95 (+3.46%) |
| SBL Infratech Ltd. | SME | ₹2.49 Cr | ₹111 | null | ₹125.00 | +12.61% | ₹42.14 (-0.26%) |
Objects of the Issue
| # | 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 |
About Shriram Properties IPO
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: Part of the reputed Shriram Group One of the leading residential real estate development companies in South India Proven capabilities in project identification and execution Strong strategic relationships with financial investors Scalable and asset-light business model Strong Financial Position Well-positioned to benefit f
Contact Details
Shriram Properties Ltd. AddressLakshmi Neela Rite Choice ChamberNew No.9, , Bazullah RoadT.NagarChennai, Tamil Nadu, 600017+91 44 4001 4410cs.spl@shriramproperties.comVisit Website