Shriram Properties IPO GMP History
Shriram Properties IPO has been listed on December 20, 2021 at a listing price of ₹90, against the issue price of ₹118 — a loss of ₹28 (-23.73%). The GMP peaked at ₹25 on 8 December 2021 and reached a low of ₹10 on 18 December 2021. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Shriram Properties IPO raised ₹600.04 Cr. through its IPO at a price band of ₹113 to ₹118 per share, with a lot size of 125 shares. The IPO was open for subscription from 08 Dec 2021 to 10 Dec 2021.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 7:27 AM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 18 Dec 2021 | ₹ 10 | — | 8% | — | — |
| 17 Dec 2021 | ₹ 10 | ▼ | 8% | — | — |
| 16 Dec 2021 | ₹ 20 | ▲ | 17% | — | — |
| 15 Dec 2021 | ₹ 15 | — | 13% | — | — |
| 14 Dec 2021 | ₹ 15 | ▲ | 13% | — | — |
| 13 Dec 2021 | ₹ 10 | — | 8% | — | — |
| 11 Dec 2021 | ₹ 10 | ▼ | 8% | — | — |
| 10 Dec 2021 | ₹ 15 | ▼ | 13% | — | — |
| 09 Dec 2021 | ₹ 20 | ▼ | 17% | — | — |
| 08 Dec 2021 | ₹ 25 | — | 21% | — | — |
Shriram Properties IPO dates
Key dates from opening to listing. Today is 10 November.
- Open 08 Dec 2021
- Close 10 Dec 2021
- Allotment 15 Dec 2021
- Refund/credit 16 Dec 2021
- Listing 20 Dec 2021
Shriram Properties IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹118 |
|---|---|
| GMP-based estimate (pre-listing) | ₹128 (+8.5%) |
| Listing gain / loss | −₹28 per share |
| Listing date | 20 Dec, 2021 |
| Actual listing price | ₹90 (-23.73%) |
Is Shriram Properties IPO GMP reliable?
Grey market premium for Shriram Properties IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Shriram Properties IPO full review for a fundamentals-based assessment before making any grey market trades.
Shriram Properties IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Shriram Properties IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Shriram Properties IPO
Shriram Properties Limited was incorporated as Synectics Infoway Private Limited at Chennai on 28 March 2000. It is part of the Shriram Group and one of the leading residential real estate developers in South India.
It focuses on mid-market and affordable housing and is also present in mid-market premium, luxury, commercial and office categories. Bengaluru and Chennai are its key markets, and it also works in Coimbatore, Visakhapatnam and Kolkata.
By 30 September 2021 it had completed 29 projects, 24 of them in Bengaluru and Chennai. It had a portfolio of 35 ongoing, under development and forthcoming projects with 46.72 million square feet of estimated saleable area.
The IPO was Rs 600.04 crore, with Rs 250.20 crore of fresh issue and Rs 349.84 crore of offer for sale by investors such as TPG Asia and WSI/WSQI. Rs 200.00 crore was planned for repaying borrowings.
Frequently asked
What is the GMP of Shriram Properties IPO?
The current Grey Market Premium (GMP) of Shriram Properties IPO is ₹ 10.
What is the Kostak Price of Shriram Properties IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Shriram Properties IPO is not available.
What is the Subject to Sauda Price of Shriram Properties IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Shriram Properties IPO?
Shriram Properties IPO listed on December 20, 2021 at ₹90, against the issue price of ₹118 — a loss of -23.73%.
How did the GMP of Shriram Properties IPO trend before listing?
The GMP of Shriram Properties IPO was stable in its final days before listing. The GMP peaked at ₹25 on 8 December 2021. View the day-wise table above for the complete GMP history.
Explore Shriram Properties IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
