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Details you don’t want to miss

Issue size

Rs. 600 crores

Issue Period

Dec 8 – Dec 10, 2021

Price band

Rs. 113 to Rs. 118

Market lot / Multiples

125 shares

RHP   Add to Calendar

                                        

Issue Timeline

Bidding period

Dec 8 - Dec 10, 2021

Allotment

Dec 15, 2021

Refund Initiation

Dec 15, 2021

Share Crediting

Dec 17, 2021

Listing

Dec 20, 2021

Shriram Properties Ltd Overview

One of the leading residential real estate development companies in South India, primarily focused on the mid-market and affordable housing categories.

Among the five largest residential real estate companies in South India in terms of number of units launched between calendar years 2015 and 2020 across Tier 1 cities of South India including Bengaluru and Chennai (Source: JLL and Company DRHP).

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Strengths & Risks associated

Top 0 Strengths

  • 1

    One of the Leading Residential Real Estate Development Companies in South India with Focus on Mid market and Affordable Housing Categories
    Completed Projects in the cities of Bengaluru and Chennai accounted for 15.18 million square feet, or 90.55% of their total Saleable Area in Completed Projects, as of December 31, 2020.

  • 2

    Established Strategic Relationships
    Investors in their projects include SUN Apollo India Real Estate Fund I LLC, Mitsubishi Corporation, Amplus Capital Advisors Private Limited, ASK Real Estate Special Opportunities Fund etc.

  • 3

    Well Positioned to Benefit from Regulatory and Industry Developments
    Smaller developers and developers having relatively larger debt exposure are facing liquidity constraints, as post implementation of RERA, pre-launches and advances from pre-sales cannot be used to cover approvals, preliminary and preoperative costs, and are to be borne by the developers.

Top 0 risks

  • 1

    The real estate development activities are geographically concentrated in key cities in South India
    Exposed to risks from economic, regulatory and other changes as well as natural disasters in South India, which in turn may have an adverse effect on the business, results of operations, cash flows and financial condition.

  • 2

    Rely on independent contractors to execute the projects
    Any failure on their part to perform their obligations could adversely affect the company's reputation, business, results of operations and cash flows.

Financials

  • Net Worth
  • Total Revenue
  • Total borrowings
  • Profit/Loss for the Year
  • Basic Earning per Share (EPS)

Net Worth

Total Revenue

Total borrowings

Profit/Loss for the Year

Basic Earning per Share (EPS)

Industry Trends

Subscription Status

Retail Individual Investor
Non-Institutional Investor
Qualified Institutional Buyers
Overall

Past performance of IPOs

Why invest in IPO through ICICIdirect

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FAQs

An Initial Public Offering (IPO) is when a company issues common stock or shares to the public for the first time. It is the process where a privately held company becomes a publicly traded company with the initial sale of its stock. An IPO is a tool that companies use to secure capital through investments for future use. In most instances, this investment is used to expand or improve the business.

A price band is a price floor and a cap between which a seller will let buyers place bids on a security, usually during an initial public offering (IPO).

Minimum Order Quantity, as name says, is the minimum number of shares investors can apply while bidding in an IPO. If investors want to bid for more shares, they can apply in multiples of IPO market lot (lot Size or IPO bid lot) of shares.

If an investor wants to place bids for less than Rs.2 lacs, he needs to apply in the Retail segment. If an investor wants to bid for more than Rs.2 lacs, he needs to apply in the HNI segment.

Cut-off price is the offer price, finalized by a company in consultation with the book running lead managers (BRLMs), which could be any price within the price band. Applying on Cut-off price means the investor is ready to pay whatever price is decided by the company at the end of the book-building process.

When applying at a cut-off price, an investor has to pay the highest price while placing the bid. If a company decides the final price lower than the highest price asked for IPO, the remaining amount is returned to the retail investor.

An investor can apply in all Mainboard IPOs through ICICIdirect. However, if the investor wants to apply in SME IPOs, he/she can do it through the net banking portal of ICICI Bank.

ASBA stands for "Applications Supported by Blocked Accounts". At the time of bidding, investors’ account is blocked to the extent of the bid amount and debited only at the time of allotment. This facility is being offered by ICICIDirect in affiliation with ICICI Bank Limited.

In other payment options, the bid amount is debited when investors’ bid application is placed with the stock exchanges. Under the ASBA process, the amount will be debited from investors’ bank account to the extent of successful allotment at the time of allotment. Until such allotment, the amount will remain blocked in investors’ bank account.

Application under this facility can be placed only for Book Built Public Issues.

An investor can place maximum of 3 bids in an issue.

The investor with Demat account in ICICIdirect can apply in an IPO by logging in to his ICICIdirect Account. The investor needs to select IPO and then the name of the IPO in which he would like to apply. Given below is the path:

Login to ICICIdirect account >> IPO >> Name of IPO

Investor can apply in the retail section of an IPO through iDirect Portal even if he has a 2-in-1 account (Demat, Trading Accounts) with us and Bank account with third party.

Yes, the investor can revise or withdraw the bids after application. It can be done only once the order is executed. The investor needs to go to the IPO Order Book and select the Transaction Id and then click on Withdraw Application/ Revise Bid. The application in the non- institutional category cannot be withdrawn but can only be revised.

However, this needs to be done during the issue itself and cannot be done after the issue is closed. In case of ASBA applications, for upward revision of bid, additional lien will be marked to the extent of incremental amount. However, in case of downward revision, differential money blocked earlier will not be released. Such amount, if any, will be released after allotment

No, one person cannot apply multiple times with same Demat/PAN for an IPO. If an investor applies in an IPO though multiple applications with same Demat account or same PAN Number, his applications will be rejected.

If an investor would like to place order for multiple applications, he/she can apply with his/her family member's name. But, all eligible family members should have a Demat account and a PAN number.

In cases where issue is over-subscribed, bidding for more than 1 lot from the same account doesn’t help as maximum of only 1 lot can be provided against each application. However, if the investor applies for 1 lot from different accounts, the probability of allocation of shares increases.