You are here » Home » Companies » Company Overview » Shriram Properties Ltd

Shriram Properties Ltd.

BSE: 543419 Sector: Infrastructure
NSE: SHRIRAMPPS ISIN Code: INE217L01019
BSE 00:00 | 12 Aug 73.05 -0.15
(-0.20%)
OPEN

74.00

HIGH

74.35

LOW

72.20

NSE 00:00 | 12 Aug 73.05 -0.20
(-0.27%)
OPEN

73.25

HIGH

74.35

LOW

72.05

OPEN 74.00
PREVIOUS CLOSE 73.20
VOLUME 13239
52-Week high 115.75
52-Week low 59.60
P/E
Mkt Cap.(Rs cr) 1,242
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 74.00
CLOSE 73.20
VOLUME 13239
52-Week high 115.75
52-Week low 59.60
P/E
Mkt Cap.(Rs cr) 1,242
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Shriram Properties Ltd. (SHRIRAMPPS) - Company History

The company was incorporated as Synectics Infoway Private Limited on 28 March 2000 at Chennai Tamil Nadu. Subsequently the name of the company was changed to Shriram Properties Private Limited pursuant to a special resolution passed by the Shareholders on 17 March 2003 and a fresh certificate of incorporation consequent upon change of name was granted by the RoC on 28 March 2003.The company has converted from a private limited company to a public limited company and vice versa multiple times between 01 April 2003 and 24 October 2018. The name of the company was changed to Shriram Properties Limited pursuant to a special resolution passed by the Shareholders on 24 October 2018 and a fresh certificate of incorporation consequent upon change of name was granted by the RoC on 10 December 2018.Shriram Properties is engaged in providing real estate construction and property development services.The company 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 among the five largest residential real estate companies in South India in terms of number of units launched between 2012 and the third quarter of 2021 across Tier 1 cities of South India including BengaluruChennai and Hyderabad.The company has its presence in the mid-market premium and luxury housing categories as well as commercial and office space categories in the core markets.The company is part of the Shriram Group which is a prominent business group with four decades of operating history in India and a well-recognized brand in the retail financial services sector and several other industries.The company commenced operations in Bengaluru in the year 2000 and have since expanded its presence to other cities in South India i.e. Chennai Coimbatore and Visakhapatnam. In addition the company also has its presence in Kolkata in East India where it is developing a large mixed-use project.The cities Bengaluru Chennai and Hyderabad are key markets for the company.On 28 September 2006the company has issued and allotted 5000000 equity shares of Rs 10 each as bonus shares to the shareholders in the ratio of 1:1.On 24 August 2009the company has issued and allotted 62136860 equity shares of Rs 10 each as bonus shares to the shareholders in the ratio of 5:1.During the month of December 2021the company came out with an Rs 600-crore public issue which comprised fresh issue of Rs 250 crore and an offer for sale(OFS) of Rs 350 crore.The IPO shares were allotted at the price of Rs 118 per share including a premium of Rs 108 per share.The allotted shares were listed on the BSE Ltd and National Stock Exchange of India Ltd(NSE) on 20 December 2021.

.