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Shriram Properties Ltd

Price Range (₹)

Rs. 113 to Rs. 118

Issue Size (₹ in Cr.)

Rs. 600 crores

Minimum Quantity

125 shares

Bidding Period

Dec 8 – Dec 10, 2021
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About the Shriram Properties Ltd

One of the leading residential real estate development companies in South India, primarily focused on the mid-market and affordable housing categories.

Among the five largest residential real estate companies in South India in terms of number of units launched between calendar years 2015 and 2020 across Tier 1 cities of South India including Bengaluru and Chennai (Source: JLL and Company DRHP).

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Strengths

One of the Leading Residential Real Estate Development Companies in South India with Focus on Mid market and Affordable Housing Categories
Completed Projects in the cities of Bengaluru and Chennai accounted for 15.18 million square feet, or 90.55% of their total Saleable Area in Completed Projects, as of December 31, 2020.

Established Strategic Relationships
Investors in their projects include SUN Apollo India Real Estate Fund I LLC, Mitsubishi Corporation, Amplus Capital Advisors Private Limited, ASK Real Estate Special Opportunities Fund etc.

Well Positioned to Benefit from Regulatory and Industry Developments
Smaller developers and developers having relatively larger debt exposure are facing liquidity constraints, as post implementation of RERA, pre-launches and advances from pre-sales cannot be used to cover approvals, preliminary and preoperative costs, and are to be borne by the developers.

Risks

The real estate development activities are geographically concentrated in key cities in South India
Exposed to risks from economic, regulatory and other changes as well as natural disasters in South India, which in turn may have an adverse effect on the business, results of operations, cash flows and financial condition.

Rely on independent contractors to execute the projects
Any failure on their part to perform their obligations could adversely affect the company's reputation, business, results of operations and cash flows.

30 second IPO overview

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09 Dec 2021 ICICI Securities

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Financials

  • Net Worth
  • Total Revenue
  • Total borrowings
  • Profit/Loss for the Year
  • Basic Earning per Share (EPS)

Industry Trends

India’s Residential Sector

India’s growth fueled by increase in service industries, increasing urbanization, improved per capita earnings, decreasing household size and various macro factors have led to growth of residential unit needs. Organized RE growth in large cities and towns has led to quality supply in the sector addressing the needs of all economic strata. Annually the supply across the 7 major cities has been over 130,000 units.

Affordability Scenario in Housing Sector in India

The Ministry of Housing and Urban Poverty Alleviation, Government of India, has estimated a housing shortage of 18.78 million houses during the 12th Five-Year-Plan with 99% in the EWS and LIG. It can be observed that while Chennai, Delhi and Navi Mumbai have witnessed reduction in All India Housing Price Index (“HPI”) in FY 2019-20 as compared to previous years, Bangalore has had fluctuation. (Source: Company DRHP).

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    Fill in the quantity of the number of shares you want to buy. To apply at maximum price, check the cut-off price box and amount is auto calculated. If you want to apply at some other price within the price band, then you can enter the price manually by clicking on “Add bid” option.

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    Click on proceed to confirm the order. You can view the placed order under “order book”.

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  • lock-in of 3 years
    Select IPO

    Choose the IPO you want to apply from the list. Click on Apply.

  • lock-in of 3 years
    Fill in the required details

    Fill in the quantity of shares. To apply at maximum price, check the cut-off price box and amount is auto calculated. If you want to apply at some other price within the price band, then you can enter the price manually by clicking on “Add bid” option.

  • lock-in of 3 years
    Confirm your request

    Check the A/C, UPI details and click on proceed. You will get an UPI link by which payment can be made.

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