Shriram Properties Limited IPO Details and Grey Market Premium (GMP)

-

Shriram Properties Limited IPO

Key Points of the Shriram Properties Limited IPO

  • Issue Amount : ₹ 600 Cr
  • Face Value : ₹ 10 per share
  • Price Band : ₹ 113 to ₹ 118
  • Lot Size : 125 shares
  • Issue break-up% : QIB: 75% NIB: 15% Retail: 10%

Important dates for Shriram Properties Limited IPO

  • IPO Open : Wednesday, December 08, 2021
  • IPO Close : Friday, December 10, 2021
  • Finalization of basis of allotment : 15th December 2021
  • Refunds/Unblocking ASBA fund : 16th December 2021
  • Credit of equity shares to DP account : 17th December 2021
  • Trading commences : 20th December 2021

Grey Market Premium of Shriram Properties Limited IPO

In the following data we can see how the Grey Market Premium of Shriram Properties Limited IPO  varied in last few days

10th Dec - Rs. 10
09th Dec - Rs. 20 
08th Dec - Rs. 20
07th Dec - Rs. 20
06th Dec - Rs. 20
05th Dec - Rs. 20
04th Dec - Rs. 20

Shriram Properties Limited IPO Subscription on 10th December 2021

Shriram Properties Limited IPO is subscribed 1.87 times on 10th December 2021 12:00 pm

Qualified Institutional Buyers (QIB) - 0.12 times Subscribed
Retail Individual Investors (RII) - 9.63 times Subscribed
Non Institutional investors (NII) - 0.22 times Subscribed
Employee - 1.01 times Subscribed

Shriram Properties Limited Company background

Shriram Properties Limited is one of the leading residential real estate development companies in South India, primarily focused on the mid-market and affordable housing categories. It is among the top five residential real estate companies in South India in terms of number of units launched between the calendar years 2012 and the third quarter of 2021 across Tier 1 cities of South India including Bengaluru, Chennai and Hyderabad. (Source: JLL Report) It is also present in the mid-market premium and luxury housing categories as well as commercial and office space categories in its core markets.

The company commenced operations in Bengaluru in the year 2000 and has since expanded its presence to other cities in South India, i.e., Chennai, Coimbatore and Visakhapatnam. In addition, it also has a presence in Kolkata in East India, where it is developing a large mixed-use project. Bengaluru and Chennai are two key markets for the company. These cities are among two key residential housing markets in India, contributing to approximately 29.3% of the launches in India between the calendar year 2012 and the third quarter of calendar year 2021, and 28.7% of the sold inventory in India between calendar year 2019 and the third quarter of the calendar year 2021. 

As of September 30, 2021, it has 29 Completed Projects, representing 16.76 million square feet of Saleable Area, out of which its 24 Completed Projects in the cities of Bengaluru and Chennai accounted for 90.56% of our Saleable Area. Further, 83.69% of its total Saleable Area for Completed Projects were in the mid-market category and affordable housing category (with mid-market and affordable categories accounting for 51.44% and 32.25% respectively), and the remainder in the commercial and office space and luxury housing categories, as of September 30, 2021. Additionally, plotted developments accounted for 33.41% and 34.67% of sales volumes during the six months ended September 30, 2021 and the Financial Year 2021, respectively. In addition, as of September 30, 2021, it has a total portfolio of 35 projects in Ongoing Projects, Projects under Development and Forthcoming Projects aggregating to 46.72 million square feet of estimated Saleable Area. Our portfolio consists of 26 Ongoing Projects, five Projects under Development and four Forthcoming Projects, which account for 56.28%, 17.71% and 26.01% of the total estimated Saleable Area, respectively, as of September 30, 2021.

Financial Details of Shriram Properties Limited IPO

Shriram Properties Limited IPO

Disclaimer : This article is for educational purpose only and does not provide any buy or sell recommendation
Location: Bengaluru, Karnataka, India

Comments

  1. AjitkumarDecember 8, 2021 at 3:42 PM

    👍

    ReplyDelete
  2. Lifetime HOA ManagementFebruary 7, 2022 at 10:57 AM

    I generally want quality content and this thing I found in your article. It is beneficial and significant for us. Keep sharing these kinds of articles, Thank you. hoa management companies san antonio

    ReplyDelete
  3. Tino Best April 18, 2023 at 1:25 AM

    In Part II, I take up the fascinating topic of nails and screws and bolts. Dull, but VERY important. panele ścienne drewniane pionowe

    ReplyDelete
  4. ZiyaAugust 21, 2023 at 4:09 PM

    You made a very helpful article. I appreciate you blogging about it. I hope you keep having success. software development in chennai

    ReplyDelete

Post a Comment

Popular posts from this blog

Wipro Share Returns In Last 40 years

-
Image
WIPRO Wipro Limited is an Indian multinational corporation that provides information technology, consulting and business process services. It is headquartered in Bangalore, Karnataka, India. In 2013, Wipro separated its non-IT businesses and formed the privately owned Wipro Enterprises. The company was incorporated on 29 December 1945 in Amalner, Maharashtra by Mohamed Premji as "Western India Palm Refined Oil Limited" , later abbreviated to "Wipro" . It was initially set up as a manufacturer of vegetable and refined oils in Amalner, Maharashtra, British India, under the trade names of Kisan, Sunflower, and Camel. In 1966, after Mohamed Premji's death, his son Azim Premji took over Wipro as its chairman at the age of 21. Azim Premji - Image source Google Images During the 1970s and 1980s, the company shifted its focus to new opportunities in the I T and computing industry .  On 7 June 1977, the name of the company changed from Western India Vegetable Products
Read more

Exxaro tiles IPO Vs Windlas Biotech IPO Vs Krsnaa Diagnostics IPO Vs Devyani International IPO: GMP: Subscription till 6th August

-
Image
In the beginning of the August month there are 4 IPO's which are open for subscription from 4th August to 6th August 2021. And confused which one to apply? below analysis may help you to decide. Image source - Google Images Lets have look at market sentiments towards these IPO's by seeings its subscription and Grey market premium. Exxaro tiles IPO Vs Windlas Biotech IPO Vs Krsnaa Diagnostics IPO Vs Devyani International IPO; GMP; Subscription till 5th August Devyani International limited IPO The Devyani International IPO is subscribed 116.50 times on 6th Aug 2021 Qualified Institutional Buyers (QIB) - 95.27 times Subscribed Retail Individual Investors (RII)        - 38.38 times Subscribed Non Institutional investors (NII)        - 213.06 times Subscribed Employee Reservation                         - 4.67 times Subscribed And the Grey market premium is around Rs. 63 on 6th August. Which is 70% of its issue price of 86 to 90 rupees per share. Windlas Biotech IPO  The Windlas
Read more

Post Office Investments for Small and Safe Investors In India

-
Image
Post Office Investments include a number of saving schemes that provide high rate of interest as well as tax benefits and most importantly, carry the sovereign guarantee of Indian Government. All these schemes are tax exempt under Section 80c, i.e. tax exemption up to Rs. 1,50,000 is allowed. Some schemes like Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY), National Savings Certificate (NSC), Post Office Time Deposit for a 5 Year Term and Senior Citizen Savings Scheme (SCSS). Small Savings Scheme Interest Rate Tax Deduction on Investment? Interest Taxable Post Office Savings Account 4.0% No Yes Post Office Recurring Deposit 5.8% No Yes Post Office Monthly Income Scheme 6.6% No Yes Post Office Time Deposit (1 year) 5.5% No Yes Post Office Time Deposit (2 year)
Read more

Paras Defence And Space Technologies Limited IPO Details, GMP, Allotment Status and Issue Price

-
Image
To Check Allotment Status for Paras Defence And Space Technologies Limited IPO click on this link  linkintime.co.in/MIPO/Ipoallotment.html. Details of the Paras Defence And Space Technologies Limited IPO: Issue Amount: Upto ₹170.78 Cr (Fresh Issue - 140.60 Cr & 30.18 Cr Offer For Sale) Face Value : ₹10 per share Price Band : ₹165 to ₹175 Lot Size : 85 shares Important dates for Paras Defence And Space Technologies Limited IPO: IPO Open: Tuesday, September 21, 2021 IPO Close: Thursday, September 23, 2021 Finalization of basis of allotment: 28 September 2021 Refunds/Unblocking ASBA fund: 29 September 2021 Credit of equity shares to DP account: 30 September 2021 Trading commences: 01 October 2021 Paras Defence And Space Technologies Limited IPO Subscription on 23rd September 2021: The Paras Defence And Space Technologies Limited IPO is subscribed 304.26 times on 23rd Sept 2021 17:00 pm Qualified Institutional Buyers (QIB) - 169.65 times Subscribed Retail Individual Investors (RII) - 1
Read more

What is Investment ?

-
Image
Investment Investment is a process where one could allocate some part of his/her earnings in some investment tools to get good returns in near future   Everyone in this world who has capability to earn more than his/her needs have to invest. Before investing one should learn and understand where to invest and how to invest. Investment is an art, unfortunatly this is not being teached in any schools of India. Do you think this should be teached? or its ok with us Many people in india does't know about investing, they simply earn and keep it with them very safe. Does this really help them or to their childerns? No it doesn't. Modern india needs different and creative thinking about investment. Before knowing about investment tools we should know which type of investor we want to be.  According to me, there are three types of investors  Fearing Investor No Fear Investor Intelligent Investor    1. Fearing Investor Most of the indian commun
Read more

Best Ways To Save Money

-
Image
Many people think of saving money and achieving their dreams, But some how they are unable to make it. Followings steps may help you to build savings and achieve financial comfort.    1. Plan to Save Money  First,   one should plan that how much he can save monthly by not compromising his essential expenses like, House rent, Groceries, Essential Shopping, medicines, EMI's Etc. One should try to reduce his unnecessary expenses else he/she could not save money, Once Warren Buffett said,  “If you buy things you don't need, you will soon sell things you need.” By - Warren Buffett 2. Pay off debts  Pay your debts which are drawing maximum part of your monthly earnings (debts with high interest rates) like Car loans, Personal loans, etc and if you borrowed money from any personal finance with high interest rates then first pay of these types of loan before you start saving. Once you done with all high interest paying debts then you will be free to save money 3. Start with 70:3
Read more

Which is better Investment plan PPF or VPF?

-
Image
PPF V/s VPF Planning for retirement starts with thinking about your retirement goals and how long you have to meet them. You need to start early so that you have enough time to save and invest. Once you have your retirement corpus, investment/saving horizon all mapped out, it is time to choose an investment vehicle which will help you reach your goal. Note that it is extremely important to choose an option which will offer you inflation-beating returns. Even though the features of the PPF and VPF seem similar, the biggest difference between PPF and VPF is that PPF can be availed by self-employed persons and employees from unorganized sectors, while VPF is only available for salaried individuals. PPF stands for Public Provident Fund and VPF  for Voluntary Provident Fund. Both are financial instruments offered by the Government of India to help you save for your retirement. By investing in these schemes, you can receive assured returns on your savings. Well, before inve
Read more