Shriram Properties IPO

Shriram Properties Ltd.

₹14,125 /125 sharesMinimum Investment

Shriram Properties IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
₹118.00₹90.00-₹28.00 (23.73%)

Shriram Properties IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
8 Dec ‘21 - 10 Dec ‘21₹14,125125₹113 - ₹118
Issue SizeIPO Doc
600.00Cr
RHP PDF

Subscription Status As on 10 Dec '21, 5:00 PM

  • Retail Individual Investor
    12.72x
  • Non-Institutional Investor
    4.82x
  • Qualified Institutional Buyers
    1.85x
  • Employees
    1.25x

About Shriram Properties

Parent Organisation
Shriram Properties Ltd.
Founded
2000
Managing Director
M. Murali
Shriram Properties IPO review | Mapmyindia IPO review | Upcoming IPO 2021

Strengths & Risks

  • Shriram Group is funded by marquee global and domestic financial investors across several of its businesses.
  • One of the leading residential real estate development companies in South India with a focus on mid-market and affordable housing categories.
  • Proven track record in project identification and detailed execution.
  • Strategic relations with domestic and international financial investors.
  • Scalable and asset-light business model.
  • Well-positioned to benefit from regulatory and industry development.
  • Dependency on the performance of the real estate market in South India
  • Continuing impact of the COVID-19 pandemic
  • Key developments geographically concentrated in key cities in South India
  • Delay in completing the ongoing projects, projects under development, and/or forthcoming projects.
  • Increase in price, shortage, or any disruption in the supply of raw materials or labor
  • Dependence on independent contractors for executing the projects
  • Capital intensive business and depends on the availability of real estate financing in India
  • Outstanding legal proceedings involving the company, subsidiaries, directors, group companies, and promoters
  • Around 22% of the company’s estimated saleable area is located in Kolkata increasing the risk of concentration in one city
  • Title and development rights or other interests over land may be subject to legal uncertainties and defects
  • Changing laws, rules and regulations and legal uncertainties, including the withdrawal of certain benefits or adverse application of tax laws in the Indian real estate sector
  • Property tax rates
  • Competitive market
  • Timely receipt of approvals and permits
  • Difficult to assess the growth rate since the revenues fluctuate from period to period
  • Dependence on a few projects for a significant part of the revenue.

Financials

*All values are in Rs. Cr
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