Business Standard

Shriram Properties Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

600.00 cr

Price Range (₹)

118

Lot Size

125

Min Investment (₹)

14,750.00

Listing Exchange

MumbaiNSE

Open Date

08-Dec-2021

Close Date

10-Dec-2021

Listing Date

20-Dec-2021

Shriram Properties Ltd News

    The Shares of Shriram Properties Ltd have now been listed.

    Shriram Properties Ltd IPO Details

    Initial public offer of 50,873,592* equity shares of face value of Rs. 10 each (Equity Shares) of Shriram Properties Limited (Company or Issuer) for cash at a price of Rs. 118* per equity share (including a share premium of Rs. 108 per equity share) aggregating to Rs. 600.00 crores (The Offer) comprising of a fresh issue of 21,212,576* equity shares aggregating to Rs. 250.00 crores (The Fresh Issue) and an offer for sale of 29,661,016* equity shares aggregating to Rs. 350.00 crores comprising of 7,708,009* equity shares aggregating Rs. 90.95 crores by Omega TC Sabre Holdings Pte. Limited; 707,156* equity shares aggregating to Rs. 8.34 crores by Tata Capital Financial Services Limited; 7,814,083* equity shares aggregating to Rs. 92.20 crores by TPG Asia SF V Pte. Ltd.; 11,313,124* equity shares aggregating to Rs. 133.49 crores by WSI/WSQI V (XXXII) Mauritius Investors Limited (collectively, the Investor Selling Shareholders) and 2,118,644* equity shares aggregating to Rs. 25.00 crores by the other selling shareholders (as defined hereunder) (the other selling shareholders collectively with the investor selling shareholders are referred to as the Selling Shareholders and such equity shares the Offered Shares) (Offer for Sale). The offer constitutes 29.99% of the post-offer paid-up equity share capital of the company. The offer included a reservation of 280,373* equity shares, aggregating up Rs. 3.00 crores, for subscription by eligible employees (as defined herein) not exceeding 0.17% of the post-offer paid-up equity share capital ('Employee Reservation Portion). The offer less the employee reservation portion is hereinafter referred to as the Net Offer. The net offer constitutes 29.83%, of the post-offer paid-up equity share capital of the company. The face value of equity shares is Rs. 10 each. The offer price is 11.8 times the face value of the equity shares. *Subject to finalisation of the basis of allotment. #A discount of Rs. 11 per equity share was offered to eligible employees bidding in the employee reservation portion. Bids cans be made for a minimum of 125 equity and in multiple of 125 shares thereafter.

    Objective of issue

    Prepayment and or pre-payment, in full or part of certain Borrowings availed by the company, the subsidiaries, Shriprop Structure, Global Entropolis & Bengal Shriram. General Corporate Purposes.

    Shriram Properties Ltd Contact Details

    Shriram Properties Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

    Phone - 91-40-67162222

    Fax - 91-40-23001153/23420814

    Email - cs.spl@shriramproperties.com

    Website - www.shriramproperties.com