Shriram Properties Ltd IPO Details with Share Price Range and Issue Size | Motilal Oswal
Shriram Properties Ltd IPO Details with Share Price Range and Issue Size | Motilal Oswal

Shriram Properties Ltd IPO

Opening Date

08 December 2021

Closing Date

10 December 2021

Face Value

₹10 per equity share

IPO Price Band

₹113 to ₹118 per equity share

Minimum Order Quantity

125

Issue Size

₹ 600 Crs

 

The month of November saw a string of IPOs releasing, leaving the investors with a mixed feelings. India’s biggest IPO till date, PAYTM, worth Rs 18,300 Crores went public in November 2021. Sigachi Industries, which went public on 15th November, 2021, returned more than 250% on investment, making it one of the top performing IPOs of the Month. Looking at this, here we bring to you the next big IPO which is lined up to go public in the last month of the year 2021. So, let’s take a look at the important elements of the Shriram Properties Ltd IPO which is slated to go live in December 2021.

  • About the Company

Shriram Properties Ltd, is a Bengaluru based leading residential real-estate company, that focuses on developing mid-market and affordable housing properties for population based across Tier 1 and Tier 2 cities of India. The company holds a portfolio of 29 completed projects that is spread across more than 17 million square feet of area in total. On the top of this, the company has over 30 ongoing projects estimated to be developed in around 47 million square feet of area. 

  • Shriram Properties Ltd IPO details

Let’s now move onto the main part of this article. Here, we’re going to be looking at some of the most important details of this upcoming IPO viz - Shriram Properties Ltd IPO date and it’s share price.

  • Shriram Properties Ltd IPO date - 

According to the Red Herring Prospectus filed by the company, the public issue of the equity shares is slated to go live starting from 08th December 2021 and will be available for subscription until 10th December 2021.

  • Shriram Properties Ltd IPO issue size - 

The total issue size of the latest IPO of Shriram Properties Ltd is expected to be around Rs 600 crores. Out of this Rs 600 crore IPO, the fresh issue is expected to be around Rs 250 crores and the rest will be an offer for sale. 

  • Shriram Properties Ltd IPO share price

The price band of the company’s upcoming IPO is declared to be around Rs 113 - Rs 118 per equity share

  • Shriram Properties Ltd IPO listing

Since the IPO of Shriram Properties Ltd is from the mainboard, it would be listed on both - the National Stock Exchange (NSE) as well as the Bombay Stock Exchange (BSE)

  • Shriram Properties Ltd IPO objectives 

As defined in the Red Herring Prospectus, the aims to utilize the net proceed towards the following purposes;

- Repayment and/ or prepayment, in full or part, of certain borrowings availed by the company and its subsidiaries, Shriprop Structures, Global Entropolis and Bengal Shriram; 

- General corporate purposes, subject to applicable laws.

Conclusion

Is this upcoming IPO something that you might be interested in investing? If that’s the case, then you will need an online trading and demat account. Get in touch with Motilal Oswal right now to open a demat account online within minutes. 

If you already have an existing account, you can  start your online trading and invest in the upcoming IPO's.

With a plethora of companies coming forward with their own IPOs in quick succession, you can keep a track of all the upcoming IPOs by regularly following our IPO calendar.

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