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

Shriram Properties Ltd. 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

₹ 98.97

Current Return

-16.13%

Shriram Properties Ltd. News

Shriram Properties signs JDA for 6-acre land parcel in Pune30 Oct, 10:14AM Shriram Properties launches new project under ‘Codename - Pudhiya Chennai’25 Sep, 2:41PM Shriram Properties informs about newspaper advertisements10 Sep, 5:32PM Shriram Properties informs about investor presentation 14 Aug, 4:07PM Shriram Properties - Quaterly Results14 Aug, 2:49PM Shriram Properties - Quaterly Results14 Aug, 2:49PM Shriram Properties informs about resignation of COO3 Jul, 5:28PM Shriram Properties informs about advertisement10 Jun, 11:39AM Shriram Properties informs about transcript of conference call4 Jun, 12:03PM Shriram Properties - Quaterly Results29 May, 6:25PM Shriram Properties informs about board meeting21 May, 12:32PM Shriram Properties informs about press release21 May, 11:07AM Shriram Properties signs JDA for prime 4-acre land parcel near Yelahanka21 May, 10:15AM Shriram Properties acquires 4 acre land parcel in Bengaluru3 May, 12:48PM 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

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

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.

 

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 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 262.9 124.56 206.86 134.88 132.34
Total Expenditure 305.82 192.77 337.87 195.02 147
Operating Profit -42.91 -68.21 -131.01 -60.14 -14.66
Other Income 112.16 122.21 119.3 157.86 165.95
Interest 46 47.21 37.53 42.02 36.73
Depreciation 2.17 2.89 3.18 3.12 3.49
Exceptional Items -1.55 0 0 0 0
Profit Before Tax 19.54 3.9 -52.42 52.58 111.07
Provision for Tax 9.69 -11.16 -12.36 2.24 14.74
Net Profit 9.85 15.06 -40.05 50.34 96.33
Adjusted EPS (Rs.) 0.07 0.1 -0.24 0.3 0.57

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 148.11 148.11 169.62 169.96 170.33
Total Reserves 1127.41 1143.65 1325.31 1375.6 1473.34
Borrowings 81.78 33.11 56.52 49.24 10.41
Other N/C liabilities 3.76 -7.33 -23.6 -11.61 6.75
Current liabilities 632.71 622.46 473.7 511.14 485.56
Total Liabilities 1993.76 1940 2001.56 2094.33 2146.39
Assets
Net Block 55.92 54.3 52.99 53.58 55.14
Capital WIP 0 0 0 0 0
Intangible WIP 0 0 0 0 0
Investments 527.44 535.59 559.2 634.6 900.74
Loans & Advances 435.01 424.15 478.32 452.69 123
Other N/C Assets 0 0 0 2.44 0
Current Assets 975.39 925.97 911.05 951.02 1067.51
Total Assets 1993.76 1940 2001.56 2094.33 2146.39
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Other Income 19.33 48.12 76.71 12.77 20.33
Profit Before Tax 17.57 26.15 63.07 -32.56 -7.39
Tax 4.42 3.19 6.29 -8.35 -9.24
Profit After Tax 13.15 22.96 56.78 -24.21 1.85
Adjusted EPS (Rs) 0.77 1.35 3.33 -1.42 0.11

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 27.94 0
Jun 2024 27.94 0
Mar 2024 27.94 0
Dec 2023 27.99 0
Sep 2023 28 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 19.54 3.9 -52.42 52.58 111.07
Adjustment -52.49 -13.04 108.03 -90.18 -117.84
Changes in Assets & Liabilities -30.61 -10.63 -167.72 -82.12 -5.39
Tax Paid 0.75 -0.05 -2.36 4.04 -0.94
Operating Cash Flow -62.81 -19.83 -114.46 -115.68 -13.1
Investing Cash Flow 205.09 95.22 15.82 10.66 79.69
Financing Cash Flow -133 -87.54 176.01 54.37 -87.24
Net Cash Flow 9.28 -12.15 77.38 -50.65 -20.65
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