Shriram Properties IPO
Shriram Properties is one of the leading real estate development companies in this country. Established in early 2000, the company primarily operates in the Southern part of India but is now extending its presence in other parts of this country. The company's primary focus is on the affordable and mid-market segment, where they have delivered successfully over the years. As a part of Shriram Group, one of the prominent names in India's finance sector, Shriram Properties brings strong brand value. Over the years, the company has completed more than 20 projects across the residential and commercial space. This puts Shriram Properties in the top 5 real estate development companies of South India. As of 2020, the company has completed 29 projects, including a saleable area of 16.76 million square feet. Moreover, it has more than 30 projects under development, amounting to about 46.74 million square feet.
Shriram Properties IPO Objectives :
- To pay debts of the company and its subsidiaries
- To fund general corporate purposes
Shriram Properties IPO - Details
As per the Shriram Properties DRHP, its public issue will amount to Rs. 600 crores and will comprise both fresh issue equity shares and an offer for sale. Out of this Rs. 600 crores, Rs. 250 crores will be fresh issue equity shares, and the rest, i.e. Rs. 350 crores will be an OFS.
Opening Date
8 Dec 2021
Closing Date
10 Dec 2021
Price Band
₹113 to ₹118
per equity share
Issue Size
₹600 Cr
Face Value
₹ 10
per equity share
Market Lot
125 Shares
Opening Date
8 Dec 2021
Closing Date
10 Dec 2021
Price Band
₹113 to ₹118
per equity share
Issue Size
₹600 Cr
Face Value
₹ 10
per equity share
Market Lot
125 Shares
Listing at NSE, BSE
Shriram Properties IPO Important Dates
IPO Open Date | 8 Dec 2021 |
---|---|
IPO Close Date | 10 Dec 2021- |
Basis Of Allotment Date | 15 Dec 2021 |
Initiation Of Refunds | 16 Dec 2021 |
Credit Of Shares To Demat ACcount |
17 Dec 2021 |
IPO Listing Date | 20 Dec 2021 |
Shriram Properties IPO Latest News and Subscription Status Today [Live]
At 10:40:00 AM.
- This IPO has been subscribed 1.08x by 10:40 AM. on Day 3
- It is a public issue of 1,73,51,146 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.12x
- (NII) Non-institutional buyers: 0.21x
- (RII) Retail Individual buyers: 9.34x
- Employees: 0.94x
At 11:40:00 AM.
- This IPO has been subscribed 1.89x by 11:40 AM. on Day 3
- It is a public issue of 1,73,51,146 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.12x
- (NII) Non-institutional buyers: 0.22x
- (RII) Retail Individual buyers: 9.74x
- Employees: 1.01x
At 12:40:00 AM.
- This IPO has been subscribed 2.16x by 12:40 AM. on Day 3
- It is a public issue of 1,73,51,146 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.23x
- (NII) Non-institutional buyers: 0.51x
- (RII) Retail Individual buyers: 10.47x
- Employees: 1.04x
At 2:10:00 AM.
- This IPO has been subscribed 2.16x by 2:10 AM. on Day 3
- It is a public issue of 1,73,51,146 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.65x
- (NII) Non-institutional buyers: 0.57x
- (RII) Retail Individual buyers: 11.18x
- Employees: 1.08x
At 3:10:00 AM.
- This IPO has been subscribed 3.39x by 3:10 AM. on Day 3
- It is a public issue of 1,73,51,146 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 1.79x
- (NII) Non-institutional buyers: 0.85x
- (RII) Retail Individual buyers: 12.16x
- Employees: 1.17x
At 4:10:00 AM.
- This IPO has been subscribed 4.55x by 4:10 AM. on Day 3
- It is a public issue of 1,73,51,146 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 1.85x
- (NII) Non-institutional buyers: 4.82x
- (RII) Retail Individual buyers: 12.44x
- Employees: 1.19x
At 5:10:00 AM.
- This IPO has been subscribed 4.60x by 5:10 AM. on Day 3
- It is a public issue of 1,73,51,146 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 1.85x
- (NII) Non-institutional buyers: 4.82x
- (RII) Retail Individual buyers: 12.72x
- Employees: 1.25x
At 10:40:00 AM.
- This IPO has been subscribed 1.08x by 10:40 AM. on Day 2
- It is a public issue of 1,73,51,146 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.04x
- (RII) Retail Individual buyers: 5.90x
- Employees: 0.45x
At 11:40:00 AM.
- This IPO has been subscribed 1.17x by 11:40 AM. on Day 2
- It is a public issue of 1,73,51,146 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.05x
- (RII) Retail Individual buyers: 6.42x
- Employees: 0.49x
At 12:40:00 AM.
- This IPO has been subscribed 1.23x by 12:40 AM. on Day 2
- It is a public issue of 1,73,51,146 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.05x
- (RII) Retail Individual buyers: 6.72x
- Employees: 0.52x
At 1:40:00 AM.
- This IPO has been subscribed 1.35x by 1:40 AM. on Day 2
- It is a public issue of 1,73,51,146 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.12x
- (NII) Non-institutional buyers: 0.06x
- (RII) Retail Individual buyers: 7.03x
- Employees: 0.54x
At 3:10:00 AM.
- This IPO has been subscribed 1.41x by 3:10 AM. on Day 2
- It is a public issue of 1,73,51,146 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.12x
- (NII) Non-institutional buyers: 0.06x
- (RII) Retail Individual buyers: 7.37x
- Employees: 0.60x
At 4:10:00 AM.
- This IPO has been subscribed 1.51x by 4:10 AM. on Day 2
- It is a public issue of 1,73,51,146 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.12x
- (NII) Non-institutional buyers: 0.17x
- (RII) Retail Individual buyers: 7.70x
- Employees: 0.69x
At 5:10:00 AM.
- This IPO has been subscribed 1.63x by 5:10 AM. on Day 2
- It is a public issue of 1,73,51,146 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.12x
- (NII) Non-institutional buyers: 0.18x
- (RII) Retail Individual buyers: 8.35x
- Employees: 0.78x
At 10.40:00 AM.
- This IPO has been subscribed 0.38x by 10:40 AM. on Day 1
- It is a public issue of 1,73,51,146 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.00x
- (RII) Retail Individual buyers: 2.11x
- Employees: 0.05x
At 11.40:00 AM.
- This IPO has been subscribed 0.48x by 11:40 AM. on Day 1
- It is a public issue of 1,73,51,146 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.00x
- (RII) Retail Individual buyers: 2.67x
- Employees: 0.08x
At 12.40:00 PM.
- This IPO has been subscribed 0.57x by 12:40 PM. on Day 1
- It is a public issue of 1,73,51,146 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.01x
- (RII) Retail Individual buyers: 3.13x
- Employees: 0.13x
At 1.40:00 PM.
- This IPO has been subscribed 0.63x by 1:40 PM. on Day 1
- It is a public issue of 1,73,51,146 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.03x
- (RII) Retail Individual buyers: 3.42x
- Employees: 0.17x
At 2.40:00 PM.
- This IPO has been subscribed 0.71x by 2:40 PM. on Day 1
- It is a public issue of 1,73,51,146 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.03x
- (RII) Retail Individual buyers: 3.89x
- Employees: 0.20x
At 4.10:00 PM.
- This IPO has been subscribed 0.86x by 4:10 PM. on Day 1
- It is a public issue of 1,73,51,146 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.04x
- (RII) Retail Individual buyers: 4.69x
- Employees: 0.35x
At 5.10:00 PM.
- This IPO has been subscribed 0.89x by 5:10 PM. on Day 1
- It is a public issue of 1,73,51,146 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.04x
- (RII) Retail Individual buyers: 4.85x
- Employees: 0.36x
How to apply for Shriram Properties IPO?
You can apply for the Shriram Properties IPO in these ways:
UPI
Link your bank account to a reliable UPI ID and register it with your Angel One account. Proceed to book
Shriram Properties IPO shares using the ID, confirm the payment on the UPI app, and block the amount for allotment.
Demat Account
1. If you are already a client of Angel One, apply directly for
Shriram Properties IPO, click here.
2. If you’re a new investor Open DEMAT Account for free with Angel One to begin your investment journey.
Shriram Properties IPO – Noteworthy Highlights
Shriram Properties has emerged as one of the leading real estate companies in India. Here are some noteworthy highlights of this company that prospective investors should be aware of –
1. Shriram Properties is the 5th largest real estate company in South India.
2. The company has completed more than 20 residential and commercial space projects across cities such as Chennai, Bengaluru, Vishakhapatnam, Coimbatore, Delhi, Pune, Kolkata, and many more.
3. As of 2020, the company has completed 29 projects, including a saleable area of 16.76 million square feet.
4. Moreover, it has more than 30 projects under development, amounting to about 46.74 million square feet.
Shriram Properties IPO - SWOT Analysis
Competitive Analysis: Market Peers
Competitor | Face value | Sector P/E | Market Cap. | Dividend yield |
Sobha Limited | 10 | 40.57 | Rs. 7,343 | 0.45 |
Prestige Estates Projects Limited | 10 | 40.57 | Rs. 19,121 | 0.31 |
Godrej Properties Limited | 5 | 40.57 | Rs. 63,532 | NA |
Brigade Enterprises Limited | 10 | 40.57 | Rs. 10,166 | NA |
Sunteck Realty Limited | 1 | 40.57 | Rs. 7,228 | 0.30 |
Oberoi Realty Limited | 10 | 40.57 | Rs. 32,240 | NA |
Shriram Properties IPO FAQs
Is it possible to use a current account to apply for this public issue of Shriram Properties?
Can I use my Hindu Undivided Family account to apply for the IPO?
Can I use my minor daughter’s account to apply for this IPO?
How to apply for Shriram Properties IPO using Angel One App?
Step 1: Navigate to the ‘investment opportunities’ option on the Angel One mobile app
Step 2: Go to the ‘IPOs and FPOs’ option and enter the required details
Step 3: Enter your NPCI approved UPI handle
Step 4: Now click on ‘invest’ and submit your bid for this Shriram Properties IPO
Can I apply for this Shriram Properties IPO without using a UPI ID?
Is it mandatory to respond to a UPI mandate request immediately?
How quickly can I expect to get a UPI mandate request after applying for this IPO?
How to approve a mandate request for Shriram Properties IPO?
How to generate a UPI ID using the BHIM app?
Step 1: Download and install the BHIM UPI app on your smartphone
Step 2: Validate your mobile number and generate a PIN or password required to operate this app
Step 3: Choose a bank from the list of financial institutions stated in NPCI’s approved list
Step 4: This app will then collect your bank account information automatically
Step 5: If you have more than one bank account, pick one that you want to register and connect with this app
Step 6: Set up a personal UPI ID for security reasons
You can then see your UPI ID later in the ‘Profile’ section of this app.
I cannot find my UPI ID in the dropdown menu of the Angel One App while applying for this IPO. What is the reason?
I am unable to apply for Shriram Properties IPO using my existing UPI handle. What is the reason?
Is it possible to submit multiple bids for this initial public offering of Shriram Properties using one PAN?
I have approved the IPO mandate request; but, its update on the Angel One app is still displaying pending. what can I do now?
Is it possible to use a bank account not connected with the Angel One app to apply for this Shriram Properties IPO?
What is a cut-off price? Can I bid at this price?
Can NRIs use the Angel One app to bid for the Shriram Properties IPO?
Can I alter my bid for the Shriram Properties IPO after submitting the final application?
I have finished the application for Shriram Properties IPO, but the funds are not yet debited. What is the reason?
What can be the reasons behind my Shriram Properties IPO application getting rejected?
- Entering a wrong UPI PIN during mandate approval
- Failing to confirm that your UPI ID, Demat account, and bank account are linked with the same PAN
For instance, in case you use your Demat account to apply for this public issue and use your friend’s UPI ID to make payment. In that case, your application can get rejected –
- If your Demat account is not connected with your friend’s bank account
- If your PAN and your friend’s UPI ID are not linked
What is the projected time needed to unblock or block the funds of an IPO subscription?
How to guarantee the allotment of Shriram Properties IPO?
A point to remember here is the Angel One platform only allows you to apply for an IPO, but it does not offer any guarantee regarding allotment.
However, you can bolster your chances by following some tips –
- Using a Demat Account linked with your PAN
- Applying at the cut-off price
- Confirm that your bank account and UPI ID are linked through a single PAN, and failing to keep that can lead to rejection. For instance, person X has applied for the Shriram Properties IPO via his Demat Account but person Y’s UPI ID. In such cases, the application can get rejected due to –
- Person Y’s UPI ID is not linked with X’s PAN
- Person X’s Demat account is not linked with Y’s bank account