Shriram Properties Live Subscription Status

Live subscription status across each investor category and analyst recommendations

Shriram Properties IPO Subscription Status: FINAL

Shriram Properties Limited, incorporated in 2000, is one of the leading residential real estate development companies in South India, primarily focused on the mid-market and affordable housing categories. They are among the top five residential real estate companies in South India in terms of the number of units launched between the calendar years 2012 and the third quarter of 2021 across Tier 1 cities of South India including Bengaluru, Chennai, and Hyderabad.

Investor CategoryQuotaSubscription
Institutional (QIB)75%1.85x
Non-Insti. (HNI)15%4.82x
Retail (RII)10%12.72x
Total Subscription100%4.60x
Last updated on
10 Dec 2021 | 5:00 PM

Shriram Properties IPO Subscription: Analyst Recommendations

Marwadi Financial Services – AVOID

“Considering FY21 EBITDA of Rs 51.2 crore on the post-issue basis, the company is going to list at an EV/EBITDA of 51.84 with a market cap of Rs 2,001 crore, while its peers like Sobha Limited and Oberoi Realty Limited are trading at an EV/EBITDA of 15.60 and 33.00,”

Choice Broking – SUBSCRIBE

“At a higher price band of Rs 118, it is demanding a P/B multiple of 1.8x, which is at significant discount to the peer average of 4.6x. Thus considering the above observations, we assign a ‘subscribe’ rating for the issue,”

Canara Bank Securities – SUBSCRIBE WITH CAUTION

The company has land reserves of approximately 197.47 acres, with a development potential of approximately 21.45 msf of estimated Saleable Area. Its net debt to equity is 0.80x as on H1FY22, and so long-term investors need to be cautious

Shriram Properties IPO Subscription: End of Day Update

DayDay 1Day 2Day 3
QIB0.00x0.12x 0.00x
Retail4.85x8.35x 0.00x
Employee0.36x0.78x 0.00x
Total0.89x1.63x 0.00x

Shriram Properties IPO Subscription: Key IPO Details

Issue Size₹1,335.74 Cr
Open Date7/12/2021
Close Date9/12/2021
Face Value₹1/- per Equity Share
IPO Price₹405 – ₹425
Lot Size 35 shares
LotsMin 1 – Max 13

Shriram Properties IPO Subscription: Financials

201920202021 Mar2021 June
Revenue from Ops₹650.13 Cr₹571.96 Cr₹431.50 Cr₹118.57 Cr
Prof Before Exp. Items₹(30.04) Cr₹(39.17) Cr₹(10.83) Cr₹(30.28 Cr
Profit after Tax₹91.94 Cr₹(40.72) Cr₹(12.00) Cr₹(34.27) Cr
EPS (Basic)3.39(5.80)(4.60)(4.60)
₹ in Crores, except EPS

EPS (Avg*)P/E (Floor)P/E (Cap)
Based on basic EPS(2.10)
* Weighted Average for last 3 years

Shriram Properties IPO: Comparison with listed industry peers

Price to EarningsEPS (Avg*)P/E
Shriram Properties(2.10)[●]
Highest (Sunteck)2.98160.64
Lowest (Godrej)(7.48)[●]
* Weighted Average for last 3 years

Shriram Properties IPO Subscription – FAQs

1. How to apply for Shriram Properties IPO in the Retail Category?

A: An investor in the retail category may either apply through the UPI process via DEMAT account or the ASBA process via bank account

2. How to apply for Shriram Properties IPO in HNI Category?

A: An investor can apply in the HNI category only through the ASBA process via bank account

3. Where can I find the Red Herring Prospectus (RHP) details?

A: You can visit the NSE or SEBI website for these details. Alternately you can click here: RHP

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