Question 1

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

Accepted Answer

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.

Question 2

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

Accepted Answer

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.

Question 3

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

Accepted Answer

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.

Question 4

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

Accepted Answer

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

Question 5

Can I apply for this Shriram Properties IPO without using a UPI ID?

Accepted Answer

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.

Question 6

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

Accepted Answer

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.

Question 7

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

Accepted Answer

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.

Question 8

How to approve a mandate request for Shriram Properties IPO?

Accepted Answer

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.

Question 9

How to generate a UPI ID using the BHIM app?

Accepted Answer

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.

Question 10

I cannot find my UPI ID in the dropdown menu of the Angel One App while applying for this IPO. What is the reason?

Accepted Answer

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.

Question 11

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

Accepted Answer

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.

Question 12

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

Accepted Answer

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.

Question 13

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

Accepted Answer

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.

Question 14

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

Accepted Answer

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.

Question 15

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

Accepted Answer

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.

Question 16

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

Accepted Answer

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.

Question 17

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

Accepted Answer

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.

Question 18

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

Accepted Answer

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.

Question 19

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

Accepted Answer

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

Question 20

What is the projected time needed to unblock or block the funds of an IPO subscription?

Accepted Answer

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.

Question 21

How to guarantee the allotment of Shriram Properties IPO?

Accepted Answer

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

Question 22

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

Accepted Answer

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

Question 23

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

Accepted Answer

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.

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

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)

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

Shriram Properties IPO