Shriram Properties Ltd is one of the leading residential real estate development companies in South India, primarily focused on the mid-market 2 and affordable 3, 6 housing categories. Company is among the top five residential real estate companies in South India in terms of 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.

Company is also present in the mid-market premium and luxury housing categories as well as commercial and office space categories. Company commenced operations in Bengaluru in the year 2000 and have since expanded our presence to other cities in South India, i.e., Chennai, Coimbatore and Visakhapatnam.

Objects of the Issue:

The IPO aims to utilize the net proceed towards the following purposes;

• Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the company and its subsidiaries, Shriprop Structures, Global Entropolis and Bengal Shriram and
• General corporate purposes, subject to applicable laws.

Company Financials



Shriram Properties IPO Details



Shriram Properties IPO Tentative Timetable

The Shriram Properties IPO open date is Dec 8, 2021, and the close date is Dec 10, 2021. The issue may list on Dec 20, 2021.



Shriram Properties IPO Lot Size

The Shriram Properties IPO market lot size is 125 shares. A retail-individual investor can apply for up to 13 lots (1625 shares or ₹191,750).

How to apply for IPO?

1. ASBA - All you have to do is, know if your demat is with NSDL or CDSL. Make a note of your Demat ID/DP ID/BO ID - 16 digit number from your broker terminal. Once you have these 2 information, go ahead and apply from your internet banking. One advantage in this process is that, once you submit the application, process ends there and amount gets blocked. While in UPI, you need to get mandate from your bank and need to authorize on time. Many parties are involved in UPI process (Bank, broker, 3rd party UPI app provider etc) and there are chances of delayed UPI mandates. This is a recent process and will take time to settle. Till then, it is better to apply from net banking, but ensure you enter correct 16 digit DP ID.

List of banks that support ASBA. https://www.bsesme.com/static/getlis...x?expandable=0

2. UPI - Visit your broker terminal, select the IPO, enter UPI ID and other bid details to submit the application. Wait for mandate to arrive on UPI app. Approve the mandate to block the amount.

Refer to this video to apply for IPO using UPI at Zerodha.