 "Shriram Properties makes a weak debut, shares list at 15% discount")
Shares of Shriram Properties made a weak debut on the bourses on Monday. The stock got listed at Rs 94 — a 20 per cent discount to its issue price.
The stock gained a bit after listing and ended the session at Rs 99.4 — a 15.7 per cent discount to its issue price.
After listing, the firm commands a market capitalisation of Rs 1,686 crore.
The initial public offer (IPO) of Shriram Properties was subscribed 4.6x. The institutional bucket was subscribed 1.85x, the high networth individual portion by 4.82x, the retail investor portion 12.7x, and the portion reserved for employees was subscribed 1.25x.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%