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Shriram Properties Ltd IPO

  • Status: Closed
  • RHP:
  • ₹ 14,125 / 125 shares

    Minimum Investment

IPO Details

  • Open Date

    08 Dec 2021

  • Close Date

    10 Dec 2021

  • IPO Price Range

    ₹ 113 to ₹118

  • IPO Size

    ₹ 600 Cr

  • Listing Exchange

    NSE, BSE

  • Listing Date

    20 Dec 2021

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Timeline Subscription Status Financials SWOT FAQ Contacts

IPO Timeline

Last Updated: 03 January 2022 8:08 AM by 5Paisa

It has been reported that Sundaram Asset Management, Premji Invest and the Chinese conglomerate Fosun Group’s subsidiary- Fosun Hive, are likely to be anchor investor for this IPO bound company. A total investment of $150 million is being estimated as the total investment of the three companies. 

Shriram Properties, founded in 2000 by M.Murali, is a residential real estate company in South India. It focuses largely on the affordable housing category along with a presence in luxury, commercial and office space categories. Between 2015 and 2020, the company is one of the five largest real estate companies in South India, in terms of the number of units launched.

As of 31 September 2020, the company has successfully completed 29 projects which represent around 16.8 million square feet of sale-able area. Along with this, they have 35 ongoing projects and projects under development and this will take the sale-able area to 46.74 million square feet. The land reserves of the company, as of 30 September, 2021, stands at 197.47 acres with a saleable area of approximately 21.45 msf. 

Between 2008 and 2014, Shriram properties managed to raise $270 million from institutional investors and three-fifths of the company are owned by these investors. The post issue market cap is estimated to be around Rs.1,927-2,002 crore. 
 

Particulars

(In Rs cr)

Q2 ended 30 September, 2021

FY21

FY20

FY19

Revenue

118.18

431.50

571.96

650.13

Revenue growth

-

(24.56%)

(12.02%)

-

PAT

(60.03)

(68.18)

(86.39)

(48.79)

EBITDA %

25.08%

24.62%

16.16%

16.39%

EPS

(4.60)

(4.60)

(5.80)

3.39

 

 

Particulars

(In Rs cr)

Q2 ended 30 September, 2021

FY21

FY20

FY19

Equity share capital

148.11

148.11

148.11

148.11

Total Assets

3293.36

3299.48

3417.30

3365.63

 

Peer Comparison

Companies

EPS

Total Income

(In Rs cr)

RoNW%

Sobha Limited

29.69

3,825.6

11.60%

Prestige Estates Projects

10.63

8,243.3

10.17%

Brigade Enterprises Ltd

6.39

2,681.5

5.42%

Godrej Properties Ltd

10.84

2,914.5

5.62%

Oberoi Realty Ltd

18.96

2,285.9

7.99%

Sunteck Realty Ltd

7.14

631.5

7.67%


Strengths:

1. Shriram properties is a part of the Shriram Group which has been in operation in India for the last 40 years and is a very renowned name in the financial sector and the company is also backed by marquee investors like Tata Opportunities Fund, TPG, Starwood, Walton Street Capital
2. A strong project identification and execution track record develops good will amongst the customers and this in turn leads to more people being attracted towards the upcoming projects
3. It is one of the leading residential real estate developer in South India with a presence in Kolkata and their main focus is on the affordable housing category and the mid level housing market, which is very lucrative in the current economy

Risks:

1. Approximately 67.15%, of the sale-able area, as of 30 September 2021, is concentrated in Bangalore and Chennai, thus increasing the risk of being concentrated in one area
2. The company is dependent on third party contractors to build their various projects. In case there is a delay in them providing enough workers or any other reason due to which work is not complete on time, it will hamper the company’s goodwill in the market
3. Disruption, shortage and unavailability of raw materials will again adversely affect the operations of the business

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FAQs

The issue size is a fresh issue of Rs.250 crore and OFS of Rs.350 crores, making the total issue size worth Rs.600 crores. 

The maximum is 13 lots- 1625 shares, worth Rs.1,91,750.

1 lot of Shriram properties Ltd IPO has 125 shares. 

On December 20 th, 2021,  Shriram properties Ltd will be listed on the stock exchanges. 

NSE and BSE both. 

The price range set for each share of Shriram properties Ltd, is Rs.113-Rs.118 per share. 

K Fin Technologies Pvt Ltd is the registrar to the Shriram properties Ltd IPO.

The pre issue shareholding will stand at 31.98%.

Way to check 1-  First you need to go to the registrar’s site- K Fin Technologies Pvt Ltd and then visit the IPO allotment page. From the drop down menu, select Shriram properties Ltd. Then, enter your PAN card details and select the application type- ASBA or Non-ASBA and enter the required details. After this the status is displayed on the screen.

Way to check 2- Visit the BSE application website page, select equity and then select Shriram properties Ltd from the drop down menu. After entering your PAN card details and application number, the status is displayed on the screen.

The minimum investment required to apply for the Shriram properties Ltd IPO is Rs.14,750. 

It is the upper range of the IPO price i.e. Rs.118*125 shares (1 lot).  Minimum investment in an IPO is the amount of money that you need to invest in order to receive 1 lot of shares of the IPO. The number of shares in 1 lot varies from IPO to IPO but normally, the minimum investment value is calculated by multiplying the number of shares in 1 lot with the upper price range of the IPO price per share.