(High risk/Cash surplus may Subscribe)
| Issue Size- 5 crore shares | Issue Open/Close – Dec 08 /Dec 10, 2021 |
| Price Band (Rs) 113-118 | Issue Size- Rs 6 bn |
| Face Value (Rs) 10 | Lot Size (shares) 125 |
Shriram Properties Limited 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 5 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. They are present in the mid-market premium and luxury housing categories as well as commercial and office space categories in their core markets. Real Estate in India is expected to do well for the next few years as genuine demand has increased post-covid.
As of September 30, 2021, the company has completed 29 projects, out of which 24 are in the cities of Bengaluru and Chennai. As of September 30, 2021, the company has a total portfolio of 35 projects in ongoing, projects under development, and forthcoming projects, stages, aggregating to 46.72 million square feet of estimated saleable area.
Valuation
The Company is a part of the reputed Shriram Group and is one of the leading residential real estate development companies in South India. It has proven capabilities in project identification and execution. Considering that it is loss-making, the PE cannot be ascertained. Only high risk-takers may Subscribe.
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