Electronics Mart India IPO

Bid Now

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

Why Should You Invest in Shriram Properties IPO?

Here are some notable reasons to invest in this public issue –

1. Shriram Properties is one of the leading real estate development companies in this country, with a presence in Southern and Eastern India.
2. The company is led by an experienced management team and has been a consistent performer in this business vertical.
3. The company has delivered about 16.76 million square feet of saleable area in more than 25 projects.
4. The company also has more than 20 current ongoing projects in cities such as Kolkata, Bengaluru, Chennai.
5. The company is also well-positioned in the market to take advantage of any regulatory changes and further industry developments.

Financial Highlights

Financial Year Total Assets (in Rs. Millions) Total Revenue (in Rs. Millions) Total Expenses (in Rs. Millions) Profit After Tax (in Rs. Millions)
2017 - 2018 32,854.38 4,197.61 4,553.17 3,430.06
2018 - 2019 33,713.52 7,237.80 7,542.20 487.91
2019 - 2020 34,042.89 6,318.43 6,710.15 (863.93)

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

strengths

Strengths

  • Brand value: Being a part of Shriram Group, this real estate company already has strong value. Shriram Group is one of the leading names in India’s financial sector and is trusted by many.
  • Proven track record: The company has a strong track record of delivering projects on time, which also works in its favour.
Weaknesses

Weaknesses

  • Dependency on individual contractors: The company primarily depends on contractors for some projects, which can sometimes cause delays.
  • Capital intensive business: The real estate development business by nature is a capital intensive business, which can be a weakness for the company.
Opportunities

Opportunities

  • Policy rates reduction:Due to RBI’s reduction of repo and reverse repo rates, availing of a home loan has become easier, increasing the demand for real estate.
Threats

Threats

  • Inflation: Inflation in the Indian economy poses a big threat to this industry. Even though home loans have become affordable, but the demands are not increasing in sync with that.
Strenghts Strengths
Weaknesses Weaknesses
Opportunities Opportunities
Threats Threats

Strengths

  • Reputation: One of the major strengths of Aditya Birla Sun Life AMC is its market reputation. Being in this business for more than 20 years, the company has delivered consistent returns. This brand image creates a base for the company to scale further.
  • Strong distribution channel: The company has a vast distribution channel that helps it to cater to a larger demographic.
  • Strong investment team: The investment team behind the scene led by experienced fund managers rely on research and analysis to ensure expected returns.

Weaknesses 

  • Inconsistent growth in revenue: The revenue growth for ABSL AMC has been inconsistent at times, which can be a concern.
  • Heavy reliance on distributors: The operation relies heavily on distributors, which can sometimes be an issue.

Opportunities 

  • Low industry penetration: Aditya Birla Sun Life AMC operates in an underpenetrated business segment with considerable potential.

Threats 

  • Tough competition: Aditya Birla Sun Life is working in a segment where its rivals are already listed and hold a significant market share.

Competitive Analysis: Market Peers

Here is a synopsis of the listed peers of Shriram Properties are performing on 5 October 2021 –

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
** Note: Market cap is mentioned in crores.

Shriram Properties IPO FAQs

Is it possible to use a current account to apply for this public issue of Shriram Properties?

No, it is not possible to apply for the public issue of Shriram Properties using a current account. Banks do not approve any applications for this IPO or any other made using a current account. So, it is better to apply for any public issue via a savings account. You can also talk to your respective bank for additional information.

Can I use my Hindu Undivided Family account to apply for the IPO? 

No, you cannot use your Hindu Undivided Family account to apply for the Shriram Properties IPO or any public issue via Angel One platform. However, if you choose to apply through the ASBA process via your bank, then you can use this particular account for this purpose.

Can I use my minor daughter’s account to apply for this IPO?

No, you cannot use your minor daughter’s account to apply for this Shriram Properties IPO or any other public offering. Also, the Angel One App has no provisions regarding this, where you can use your minor daughter’s account to apply for an IPO. But, a minor can easily apply for a public offer using the ASBA process through a bank.

How to apply for Shriram Properties IPO using Angel One App?

To apply for an IPO, follow the steps mentioned below –
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?

Yes, you can apply for this Shriram Properties IPO without using a UPI ID but via the ASBA process through your bank. In case you do not have a UPI ID, you can easily generate one without any interruptions. Just refer to the UPI handles mentioned on the NPCI List.

Is it mandatory to respond to a UPI mandate request immediately?

Yes, it is imperative to approve a UPI mandate request once you receive it. Nonetheless, the window of approval remains open from the closing bell of the previous day to 12 noon of the next working day.

How quickly can I expect to get a UPI mandate request after applying for this IPO?

You can expect to get a UPI mandate request within 15 to 20 minutes of submitting your bid for Shriram Properties IPO. However, this process can get delayed at times due to various reasons.

How to approve a mandate request for Shriram Properties IPO?

You can use a UPI app to approve the mandate request for Shriram Properties IPO. To know more about this process, how it works, and the steps involved, click here.

How to generate a UPI ID using the BHIM app?

To generate a UPI ID via the BHIM app, you can follow the steps mentioned below –
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?

In case you cannot locate your UPI ID under this dropdown menu, it means that your current UPI ID does not have NPCI’s approval. In that case, you can easily create an alternative one with any of the UPI handles approved and mentioned under the NPCI List.

I am unable to apply for Shriram Properties IPO using my existing UPI handle. What is the reason?

You can only use UPI handles approved by NPCI to apply for Shriram Properties IPO or any other public offering. However, if you cannot apply for this initial public offering using your present UPI ID, check the list of apps that have NPCI's approval to extend UPI service and then register with any of them to apply for this IPO of Shriram Properties.

Is it possible to submit multiple bids for this initial public offering of Shriram Properties using one PAN?

No, it is not possible to submit more than one bid for the IPO of Shriram Properties, or any other public issue, using a single PAN. The reason being, in case you submit multiple applications for an IPO using one PAN, your application will not get approval. Hence, you will fail to receive an allotment for this public issue as well.

I have approved the IPO mandate request; but, its update on the Angel One app is still displaying pending. what can I do now?

The Angel One app does not show real time updates for UPI mandate requests. So, that is why you may be seeing this pending status. However, in case you have approved this mandate request, it will reflect the updated status in the order book of respective IPOs after a while.

Is it possible to use a bank account not connected with the Angel One app to apply for this Shriram Properties IPO?

Yes, it is possible to apply for this Shriram Properties IPO using a bank account, which is not connected with the Angel One App. But, this account must be in your name.

What is a cut-off price? Can I bid at this price?

The cut-off price is a price point at which shares of Shriram Properties and others will be listed on the share market. This price is determined in advance, mainly during the allotment stage. Also, if you bid at this price, it means that you are willing to apply for Shriram Property’s IPO at this price point. Moreover, applying at cut-off price also improves your chance of securing an allotment.

Can NRIs use the Angel One app to bid for the Shriram Properties IPO?

No, NRIs are ineligible to use the Angel One app to submit a bid for this Shriram Properties IPO. But, they can always resort to the ASBA (Application Supported by Blocked Amount) process through their respective banks to apply for this IPO or any other.

Can I alter my bid for the Shriram Properties IPO after submitting the final application?

Yes, you can change the lot size of your Shriram Properties IPO application and the UPI ID, even after submitting a bid. Nonetheless, remember that any alterations here will be registered as a new bid if you approve the UPI mandate request. In that case, banks will block the required amount once more, alongside your existing application. Moreover, you will receive a new UPI mandate request for this fresh bid, just like before.

I have finished the application for Shriram Properties IPO, but the funds are not yet debited. What is the reason?

A point to remember here is that banks do not debit funds needed for an IPO subscription right after you submit your application. However, they will freeze this due amount, and once you receive the allotment, they will debit the funds. Whereas, if you fail to secure an allotment or your UPI mandate request expires, they will release these funds.

What can be the reasons behind my Shriram Properties IPO application getting rejected?

Possible reasons for your Shriram Properties IPO application getting rejected can be –
- 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?

Once you approve the UPI mandate request, the funds for a public issue will be blocked. But, these funds will be unblocked only if the UPI mandate expires or if you fail to secure an allotment. However, if your funds are not unblocked even after that, contact your bank for clarification.

How to guarantee the allotment of Shriram Properties IPO?

It is not possible to guarantee allotment for any IPO, irrespective of the public issue you choose. In case of oversubscription, which is quite common, the allocation of shares is completed through a lottery system. So, it is not possible to offer any certainty in this regard.
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

Do I need to pay any extra charges to apply for the Shriram Properties IPO?

No, if you apply for Shriram Properties IPO through the Angel One platform, you need not pay any additional charges.

How to find my UPI ID in the Angel One mobile app?

You can find your UPI ID in the ‘profile’ section of any UPI app. In addition, you can click here to learn about this procedure in length, and how to access it across different apps.

Enjoy Zero Brokerage on
Equity Delivery

Enjoy Zero Brokerage on Equity Delivery

Get the link to download the App

Send App Link