Shriram Properties was incoporated on March 28, 2000 as Synectics Infoway Private Limited. The company is a part of the Shriram Group and is aresidential real estate development companies in South India, primarily focused on the mid-market and affordable, housing categories.
| Bidding Dates |
|---|
| 08 Dec 2021 - 10 Dec 2021 |
| Subscription |
|---|
| 4.6x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,750 | 1 | 13 | 125 | 50.8 M | ₹113 - ₹118 | 31.98 % | ₹5745.8 M - ₹6000.0 M | RHP DOC |
Shriram Properties IPO SUBSCRIPTION STATUS
10 Dec '21Shriram Properties IPO overall subscription rate was 4.6 times the total available shares
Shriram Properties IPO retail subscription rate was 12.72 times in the retail segment
Shriram Properties IPO non-institutional investor subscription rate was 4.82 times in the non-institutional investor category
Shriram Properties IPO Qualified Institutional Bidder subscription rate was 1.85 times the available shares for Qualified Institutional Bidder
Shriram Properties IPO Employees subscription rate was 1.25 times in the Employees category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees |
|---|---|---|---|---|
| Category Reservation | 10% | 15% | 75% | - |
10 Dec 2021 (Day 3) | 12.72x | 4.82x | 1.85x | 1.25x |
09 Dec 2021 (Day 2) | 8.35x | 0.18x | 0.12x | 0.78x |
08 Dec 2021 (Day 1) | 4.85x | 0.04x | 0x | 0.36x |
Shriram Properties FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) | Margins |
| H1FY22 | -600.3 | 1,181.8 | 549.9 | 549.5 | 23.9% |
| FY21 | -681.8 | 4,315.0 | 1,475.9 | 1,467.4 | 24.2% |
| FY20 | -863.9 | 5,719.6 | 1,291.2 | 1,125.8 | 14.3% |
| Fy19 | 487.9 | 6,501.3 | -1,792.3 | -2,194.8 | 11.0% |
Shriram Properties IPO SUBSCRIPTION STATUS DETAILS
Shriram Properties had 50.8 M shares on offer
Shriram Properties IPO offer price was in the range ₹113 - ₹118
Shriram Properties IPO minimum Investment was ₹14750
Shriram Properties IPO issue size was ₹ 5745.8 M - ₹ 6000.0 M
Shriram Properties had a minimum lot size of 125 Shares per application
Shriram Properties NUMBER OF SHARES ON OFFER
Shriram Properties IPO IMPORTANT DATES
| Issue Open Date | 08 Dec 2021 |
| Issue close Date | 10 Dec 2021 |
| Allotment Date | 15 Dec 2021 |
| Refund Date | 16 Dec 2021 |
| Demat Account Credit Date | 17 Dec 2021 |
| Listing Date | 20 Dec 2021 |
| Listing on Exchange(s) | NSE and BSE |
| Shriram Properties Allotment Status | Exchange |
Shriram Properties IPO subscription opened on 08 Dec 2021, and closed on 10 Dec 2021
IPO allotment for Shriram Properties was finalized on Wednesday, 15 Dec 2021
IPO listing for Shriram Properties was on NSE and BSE on Monday, 20 Dec 2021
Shriram Properties IPO LISTING GAINS
| Issue Price (adjusted) | 118.0 |
| Listing Open Price | 94.0 |
| Listing Close Price | 99.4 |
| Listing Gain% | -20.3% |
| Current Gain% | -28.4% |
Shriram Properties Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shriram Properties Ltd. | 84.5 | 1253.6 | 14.3 | 0.5 | 1.1 | 6.9 | 2.7 | 1356.9 | 39.4 | 100.8 | 30.6 | 5.9 | 30.6 |
| DLF Ltd. | 642 | 158915 | 35.7 | -41.3 | 23.5 | 9.7 | 5.9 | 9816 | 9.1 | 4414.7 | 1.1 | 18 | -0.9 |
| Lodha Developers Ltd. | 1218.7 | 121763.9 | 29.5 | 0.8 | 6.7 | 14.7 | 5.8 | 17119.5 | 20.8 | 3428.2 | 24 | 41.3 | 39.2 |
| Prestige Estates Projects Ltd. | 1584.8 | 68262.1 | 59.9 | 0.5 | 5.2 | 7.3 | 1.6 | 13195.5 | 70.6 | 1195.5 | 155.7 | 26.4 | 115.9 |
| Phoenix Mills Ltd. | 1895.5 | 67795.2 | 53 | 1.8 | 14.9 | 11.1 | 5.4 | 4593.6 | 15.9 | 1223.8 | 24.3 | 35.8 | 29 |
| Oberoi Realty Ltd. | 1775 | 64539.4 | 24.5 | 0.9 | 10.2 | 14 | 9.9 | 6304.3 | 15.2 | 2507.4 | 12.7 | 72.3 | 27.5 |
Shriram Properties INFORMATION ON IPO ISSUE
About Shriram Properties
Shriram Properties was incoporated on March 28, 2000 as Synectics Infoway Private Limited. The company is a part of the Shriram Group and is aresidential real estate development companies in South India, primarily focused on the mid-market and affordable, housing categories.
Object of the Issue
1. Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the company and its subsidiaries, Shriprop Structures, Global Entropolis and Bengal Shriram; and
2. General corporate purposes, subject to applicable laws.
Shriram Properties - PROMOTERS
| Name |
|---|
| M. Murali |
| Shriram Properties Holdings |
| Shriram Group Executives Welfare Trust |
Shriram Properties Book Running Lead Managers
Axis Capital Limited
spl.ipo@axiscap.in
ICICI Securities Limited
shriramproperties.ipo@icicisecurities.com
Nomura Financial Advisory and Securities (India) Private Limited
splipo@nomura.com
Shriram Properties Registrar to the Offer
KFin Technologies Private Limited
murali.m@kfintech.com
Shriram Properties 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 from regulatory and industry developments
The experienced and professional management team
Shriram Properties Risks
The business and profitability are significantly dependent on the performance of the real estate market in India
The extent to which COVID-19 disease may affect the business and operations in the future is uncertain and cannot be predicted
The company has a significant amount of deb
IPO FAQs
This IPO consists of an offer for sale of up to Rs 350.0 crore, of 29,661,017 shares. It also consists of a fresh issue of Rs 250.0 crore.
The promoters of the company are M. Murali, Shriram Properties Holdings and Shriram Group Executives Welfare Trust.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.
The price band of the IPO is Rs 113.0 - 118.0.
The IPO application opens on Dec 08, 2021 and closes on Dec 10, 2021.
The minimum lot size for the IPO is 125. The maximum lot size for the IPO is 1625.
For all category investors, the minimum application amount for this IPO is Rs. 14,750.0, the maximum value for this IPO is Rs 191,750.0.
This IPO will be allotted on Dec 15, 2021.
The refund will be credited to your account on Dec 16, 2021.
The allotted shares will be credited to your demat on Dec 17, 2021.
Shriram Properties Ltd.’s shares listed on the stock exchanges on Dec 20, 2021.