Shriram Properties IPO
Shriram Properties IPO — date, price band, lot size & details 2021
Shriram Properties listed on 20 Dec 2021 at ₹90, 23.7% below the ₹118 issue price.
Shriram Properties, part of the Shriram Group, develops mid-market and affordable homes in South India, mainly in Bengaluru and Chennai. Its total income was Rs 501.31 crore in FY2021.
Stock price
Shriram Properties is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
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
Issue summary
The terms of the offer, as filed.
| IPO Dates | 8 to 10 Dec, 2021 |
|---|---|
| Price Band | ₹113 – ₹118 |
| Face Value | ₹10 |
| Lot Size | 125 Shares |
| Issue Size | ₹600.04 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Employee Discount | Rs 11.00 per share |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 14,750 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 125 shares at the ₹118 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 125 | ₹14,750 |
| Retail (max) | 13 | 1,625 | ₹1,91,750 |
| S-HNI (min) | 14 | 1,750 | ₹2,06,500 |
| S-HNI (max) | 67 | 8,375 | ₹9,88,250 |
| B-HNI (min) | 68 | 8,500 | ₹10,03,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Rs 200.00 crore of the fresh issue was planned for repaying borrowings.
- 02Total borrowing fell from Rs 845.67 crore on 31 March 2019 to Rs 695.10 crore on 30 September 2021.
- 03EBITDA rose from Rs 79.93 crore in FY2019 to Rs 121.05 crore in FY2021.
- 04It had 46.72 million square feet of saleable area across 35 projects in its pipeline.
- 05It has completed 29 projects and is part of the Shriram Group.
Risks · 5
- 01The company made losses of Rs 86.39 crore in FY2020, Rs 68.18 crore in FY2021 and Rs 60.03 crore in the six months to 30 September 2021.
- 02Total income fell from Rs 723.78 crore in FY2019 to Rs 501.31 crore in FY2021.
- 03Net worth fell from Rs 979.70 crore on 31 March 2019 to Rs 768.78 crore on 30 September 2021.
- 04Rs 349.84 crore of the Rs 600.04 crore issue was offer for sale, so most of the money went to selling investors.
- 05Promoters and the promoter group held only 31.98% before the issue, as per the RHP.
Three years of numbers
All figures in ₹ crore, as reported in the Shriram Properties offer document.
| Metric | 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 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Shriram Properties RHP.
Where the money goes
₹230.42 Cr of the issue is earmarked to named objects.
About the company
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.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Shriram Properties IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Axis Capital
71 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Kalyan Jewellers India (-15.0%).
ICICI Securities
65 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Kalyan Jewellers India (-15.0%).
Nomura Financial Advisory & Securities (India) Pvt. Ltd
11 issues handledBest listing: Nazara Technologies (+80.7%). Weakest: Rategain Travel Technologies (-15.3%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Shriram Properties?
The current Grey Market Premium is ₹10, or 8% over the issue price.
What is the Shriram Properties IPO price band?
₹113 to ₹118, on a face value of ₹10.
When is the allotment?
The basis of allotment is 15 December 2021, with listing on 20 December 2021.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
