Ticker > IPO > New Listed IPO > Shriram Properties Ltd.

Shriram Properties Ltd. IPO

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

₹ 122.05

Current Return

3.43%

News

Shriram Properties informs about analyst meet 20 Mar, 3:11PM Shriram Properties launches residential project in Bengaluru13 Mar, 3:28PM Shriram Properties submits analyst meet intimation5 Mar, 5:01PM Shriram Properties informs about newspaper publication19 Feb, 12:03PM Shriram Properties - Quaterly Results14 Feb, 1:35PM Shriram Properties - Quaterly Results14 Feb, 1:35PM Shriram Properties informs about allotment of equity shares 13 Dec, 11:06AM TPG divests entire 9.86% stake in Shriram Properties6 Dec, 10:22AM Shriram Properties informs about transcript of conference call16 Nov, 5:14PM Shriram Properties informs about newspaper publication13 Nov, 10:35AM Shriram Properties - Quaterly Results10 Nov, 2:13PM Shriram Properties - Quaterly Results10 Nov, 2:13PM Shriram Properties informs about board meeting 2 Nov, 2:15PM Shriram Properties, ASK invest Rs 206 crore in residential project in Chennai23 Aug, 12:42PM Shriram Properties informs about disclosure 22 Aug, 2:27PM Shriram Properties informs about newspaper publication16 Aug, 4:24PM Shriram Properties - Quaterly Results14 Aug, 1:59PM Shriram Properties - Quaterly Results14 Aug, 1:59PM Shriram Properties informs about disclosure11 Aug, 12:16PM Shriram Properties informs about disclosure21 Jul, 2:56PM

Company Financials

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

Exchange

NSE: SHRIRAMPPS BSE: 543419

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

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 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 452.31 262.9 124.56 206.86 134.88
Total Expenditure 480.38 305.82 192.77 337.87 195.02
Operating Profit -28.07 -42.91 -68.21 -131.01 -60.14
Other Income 112.79 112.16 122.21 119.3 157.86
Interest 48.07 46 47.21 37.53 42.02
Depreciation 1.59 2.17 2.89 3.18 3.12
Exceptional Items -9.8 -1.55 0 0 0
Profit Before Tax 25.27 19.54 3.9 -52.42 52.58
Provision for Tax 0.12 9.69 -11.16 -12.36 2.24
Net Profit 25.16 9.85 15.06 -40.05 50.34
Adjusted EPS (Rs.) 0.17 0.07 0.1 -0.24 0.3

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 148.11 148.11 148.11 169.62 169.96
Total Reserves 1116.86 1127.41 1143.65 1325.31 1375.6
Borrowings 122.4 81.78 33.11 56.52 49.24
Other N/C liabilities 3.1 3.76 -7.33 -23.6 -11.61
Current liabilities 761.37 632.71 622.46 473.7 511.14
Total Liabilities 2151.84 1993.76 1940 2001.56 2094.33
Assets
Net Block 30.57 55.92 54.3 52.99 53.58
Capital WIP 6.34 0 0 0 0
Intangible WIP 1.73 0 0 0 0
Investments 539.88 527.44 535.59 559.2 634.6
Loans & Advances 360.68 435.01 424.15 478.32 452.69
Other N/C Assets 0 0 0 0 2.44
Current Assets 1212.65 975.39 925.97 911.05 951.03
Total Assets 2151.84 1993.76 1940 2001.56 2094.33
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Other Income 52.07 49.51 19.07 19.33 48.12
Profit Before Tax 34.38 10.01 4.28 17.57 26.15
Tax -0.14 2.34 0.84 4.42 3.19
Profit After Tax 34.52 7.67 3.44 13.15 22.96
Adjusted EPS (Rs) 2.03 0.45 0.2 0.77 1.35

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2023 27.99 0
Sep 2023 28 0
Jun 2023 28 0
Mar 2023 28 0
Dec 2022 28 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 25.27 19.54 3.9 -52.42 52.58
Adjustment -49.79 -52.49 -13.04 108.03 -90.2
Changes in Assets & Liabilities -78.39 -30.61 -10.63 -167.72 -82.12
Tax Paid -16.16 0.75 -0.05 -2.36 4.04
Operating Cash Flow -119.07 -62.81 -19.83 -114.46 -115.7
Investing Cash Flow 108.58 205.09 95.22 15.82 10.66
Financing Cash Flow -10.27 -133 -87.54 176.01 54.39
Net Cash Flow -20.76 9.28 -12.15 77.38 -50.65
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