Issue Price
₹118
Per Share
GMP
NIL
Grey Market
Est. Listing
₹118
Expected Price
Min. Application
₹29,500
2 lots × 125 shares
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 GroupOne of the leading residential real estate development companies in South IndiaProven capabilities in project identification and executionStrong strategic relationships with financial investorsScalable and asset-light business modelStrong Financial PositionWell-positioned to benefit from regulatory and industry developmentsThe experienced and professional management team
Shriram Properties Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| TOTAL | 50,873,592 | 100.00% | ₹600.31 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 125 | ₹14,750 |
| Retail (Max) | 13 | 1,625 | ₹191,750 |
| sNII (Min) | 14 | 1,750 | ₹206,500 |
| bNII (Min) | 68 | 8,500 | ₹1,003,000 |
| Particulars | 30-Sep-21 | 31-Mar-21 | 31-Mar-20 |
|---|---|---|---|
| Revenue from Operations | 155.15 | 501.31 | 631.84 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | -60.03 | -68.18 | -86.39 |
| Net Worth | N/A | N/A | N/A |
| Total Assets | 3293.36 | 3299.49 | 3417.30 |
| Reserves & Surplus | N/A | N/A | N/A |
| Total Borrowings | N/A | N/A | N/A |