Shriram Properties
IPO Size
`600 Cr
Price Band
`113-118 Per Share
Minimum Lot Size
125 Share
Face Value
`10 Per Share
Employee Discount
NA
Retail Allocation
10%
Issue Open Date
8 Dec, 2021
Issue Close Date
10 Dec,2021
Listing Date
IPO Size
Price Band
Minimum Lot Size
Face Value
Employee Discount
Retail Allocation
Issue Open Date
Issue Close Date
Listing Date
Shriram Properties is one of the leading residential real estate development companies in South India, primarily focused on the mid-market and affordable housing categories. Firm is among the five largest residential real estate companies in South India, including specifically in Bengaluru and Chennai, in terms of several aggregate units launched in the calendar years 2012 to 2017 and the six months ended June 30, 2018. The firm is also present in the mid-market premium and luxury housing categories, commercial and office space category as well as plotted development category.
Shriram Properties have commenced operations in Bengaluru in the year 2000 and, have expanded their presence to other cities in South India, i.e., Chennai, Coimbatore, and Visakhapatnam. In addition, the firm also has its presence in Kolkata in East India, where the company is developing a large mixed-use project. Bengaluru and Chennai are two key markets for them.
| S.No. | 1 - Company | 2 - Directors | 3 - Promoters | |||
| Entity Name | By the Company | Against the Company | By the Director | Against the Director | By the Promoter | Against the Promoter |
| Criminal cases | - | - | - | 3 | - | - |
| Material civil cases | - | 16 | - | 5 | - | 1 |
| Taxation matters | - | - | - | - | - | - |
| Regulatory Proceedings | - | 2 | - | - | - | - |
| Income Statement(in Milllions) | Dec'2020 | March'2020 | March'2019 |
| Gross Operating Income | 3,439.78 | 6,318.43 | 7,237.80 |
| Cost of Employee & Inventory | 483.36 | 847.87 | 783.36 |
| Other Expenses | 2,570.85 | 5,414.29 | 6,438.50 |
| EBITDA | 633.02 | 494.73 | 709.05 |
| Finance Cost | 910.62 | 1,231.82 | 1,051.20 |
| Depreciation | 53.19 | 64.04 | 52.5 |
| Profit/Loss Before Tax and Exceptional Item | -334.87 | -816.58 | 829.21 |
| Exceptional item | -4.08 | -15.45 | 1,223.86 |
| Tax | 315.37 | 47.35 | 341.30 |
| Profit/Loss After Tax | -650.24 | -863.93 | 487.91 |
M. Murali,
• Prestige Estates Projects Limited • Brigade Enterprises Limited • Godrej Properties Limited • Oberoi Realty Limited • Sunteck Realty Limited
Offer for sale of Rs 350 cr, will not be received by the company.
Net proceed of Rs 250cr from the fresh issue will be utilized for the following: • Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the company and its subsidiaries, Shriprop Structures, Global Metropolis, and Bengal Shriram; and • General corporate purposes, subject to applicable laws