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IPO

Shriram Properties Ltd.

One of the leading residential real estate development companies in South India, primarily focused on the mid-market and affordable housing categories.

RHP
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DRHP
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Open Date

2021-12-08

Close Date

2021-12-10

IPO Details

Check out the issue details for Shriram Properties Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 118

Price Band

₹ 113 - 118

Issue Size

600 Cr.

Issue Type

Book Built

Open

2021-12-08

Close

2021-12-10

Listingprice

₹ 90

ListingGain

-23.73%

Listing Date

2021-12-20

CMP

₹ 110.3

Current Return

-6.53%

Company Financials

You can get the following financial statements of Shriram Properties Ltd. as of now.

Subscription Details

The details about the Shriram Properties IPO is as:

  • The issue size of the IPO is 600 Cr.
  • The price band ranges from Rs 113 to Rs 118.
  • The shares of Shriram Properties IPO will list on 20th December 2021.
  • The latest tentative GMP of Shriram Properties IPO is Rs 10.
  • The Employees of the company are entitled to a Discount of Rs 11.
  • The shares of Shriram Properties IPO is subscribed 4.60 Times as of 10th December 2021.

 

Shriram Properties Valuation

The approx valuation of Shriram Properties IPO based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 118
Existing Shares (Qty) 14.84 Cr
Fresh Issue (Amount) 250 Cr
Market Cap 2001 Cr
EPS (FY21) Rs -4.60
Industry PE 58.65x

 

Shriram Properties Issue Size

Shriram Properties IPO issue size is 600 Cr

Issue Amount
Fresh Issue 250 Cr
Offer For Sale 350 Cr

 

Shriram Properties Market Lot

An Individual can apply for a minimum 1 lot of 125 shares and a maximum of 13 lots of 1625 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 125 Rs 14,750
 Maximum 13 1625 Rs 1,91,750

 

Shriram Properties IPO share offer

The shares of Shriram Properties IPO is subscribed 4.60 Times as of 10th December 2021. The category-wise share subscription as follows:

Category % Offered Subscription
Qualified Institutional Minimum 75% 1.85 Times
Non-Institutional Maximum 15% 4.82 Times
Retail Individual Maximum 10% 12.72 Times
Employee Not Disclosed 1.25 Times
Total   4.60 Times

 

Shriram Properties IPO Grey Market Premium

As on GMP (Tentative)
7 December 2021 Rs 20
8 December 2021 Rs 20
9 December 2021 Rs 20
10 December 2021 Rs 10
11 December 2021 Rs 10

It is purely for informational purposes and invest in an IPO after thoroughly researching on your own.

 

Allotment Details

Find below the dates for  Shriram Properties IPO:

Schedule Date
Basis of Allotment 15 December 2021
Refunds 16 December 2021
Credit to Demat Account 17 December 2021
IPO Listing Date 20 December 2021

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Net Sales 229.47 173.3 180.5 452.31 262.9
Total Expenditure 273.12 198.8 261.7 480.38 305.82
Operating Profit -43.65 -25.5 -81.2 -28.07 -42.91
Other Income 45.42 64.3 102.3 112.79 112.16
Interest 14.2 146.5 28.2 48.07 46
Depreciation 2.18 1.5 1.5 1.59 2.17
Exceptional Items 0 171.2 210.8 -9.8 -1.55
Profit Before Tax -14.61 62 202.2 25.27 19.54
Provision for Tax -0.01 2.6 20.9 0.12 9.69
Net Profit -14.6 59.4 181.3 25.16 9.85
Adjusted EPS (Rs.) -0.1 0.4 1.22 0.17 0.07

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Equity and Liabilities
Share Capital 148.41 148.4 148.1 148.11 148.11
Total Reserves 842.26 915.5 1090.3 1116.86 1127.41
Borrowings 0 0 160.4 122.4 81.78
Other N/C liabilities 8.24 1.6 2.6 3.1 3.76
Current liabilities 611.52 593 576.8 761.37 632.71
Total Liabilities 1610.43 1658.5 1978.2 2151.84 1993.76
Assets
Net Block 2.8 3.5 2.8 30.57 55.92
Capital WIP 0 0 0 6.34 0
Intangible WIP 0 0 0 1.73 0
Investments 789.01 655.7 626.6 539.88 527.44
Loans & Advances 269.02 355.4 364.8 360.68 435.01
Other N/C Assets 0 2.7 0 0 0
Current Assets 549.6 641.2 984 1212.65 975.39
Total Assets 1610.43 1658.5 1978.2 2151.84 1993.76
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Profit from operations -14.61 62 202.2 25.27 19.54
Adjustment -1.84 -55.4 -241 -49.79 -52.49
Changes in Assets & Liabilities -45.99 -56.5 -25 -78.39 -30.61
Tax Paid -1.73 0.7 11.6 -16.16 0.75
Operating Cash Flow -64.18 -49.2 -52.2 -119.07 -62.81
Investing Cash Flow 43.77 88.7 3.9 108.58 205.09
Financing Cash Flow -7.22 -38.7 72.4 -10.27 -133
Net Cash Flow -27.63 0.8 24.1 -20.76 9.28
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