Shriram Properties IPO

Shriram Properties, part of Shriram Group is one of the leading residential real estate development companies in South India, primarily focused on the mid-market and affordable housing categories. The company is also present in the mid-market premium and luxury housing categories as well as commercial and office space categories. Bengaluru and Chennai are two key markets for the company with operations in Coimbatore, Visakhapatnam, and Kolkata. As of September 30, 2021, it had 29 completed projects, out of which 24 are in Bengaluru and Chennai. While as of the same period, the company has a total portfolio of 35 projects in the ongoing, under development, and forthcoming stage, aggregating to 46.72 million square feet of estimated saleable area.

The public offer of Shriram Properties comprises fresh issuance of equity shares worth Rs. 250 crores and an offer for sale of equity shares aggregating up to Rs. 350 crores, valuing the IPO at Rs. 600 crores. For more information, you can refer to the IPO Prospectus filed by the company. Read more

Check out some recent financials figures of the company:

How do I apply for the Shriram Properties IPO?

You can apply for the Shriram Properties IPO using any supported UPI app by following two steps:

• Enter your bid on rocket
• Accept UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account.