Shriram properties limited is residential real estate development company in south india. Its major focuses is on mid-range market and affordable house prices. In terms of the number of units launched in Tier 1 cities of south india between 2015 - 2020. Shriram properties is comes under the top 5 largest residencial real estate companies. It is also present in the mid-market premium and luxury housing segment , as well as commercial and office space segments in its core markets. As of December 2020 , shriram properties has completed 29 projects , representing 16.76 million square feet of saleable area. It also around 35 ongoing project under development , and forthcoming projects aggregating to 46.74 million square feet.
Highlights :-
1. About the company
2. Promoters of the company
3. About the promoters
4. Company contact details
5. Competitors of the company
6. Company's strength or risks
7. Company Financials
8. IPO Details
9. Subscription Status
1. About the company
Company was incorporated as synectics infoway private limited on march 20, 2000 at Chennai Tamilnadu as a private company under companies act , 1956 , and was a granted the certificate of incorporation by the registrar of companies , Chennai , Tamilnadu. Subsequently , the name of the company was changed Shriram Properties private limited company pursuant to a special resolution passed by shareholders on march 17 , 2003 and a fresh certificate of incorporation consequent upon change of name was granted by the RoC on march 28 , 2003. Company has converted privated limited to public limited company and vice- versa multiple times between april 1 , 2003 and october 24 , 2018.
2. Promoters of the company
1.M. Murali
2.Shriram properties holdings privated limited
3.Shriram group executive welfare trust
3. About the promoters
M. Murali, Shriramproperties Holdings and SGEWT are the promoters of the company . Promoters currently hold an 47,458,070 Equity share , agregating to 31.98% of the pre - offer issued , subscribed and paid up equity share capital of the company. Murali is Individual promoter of the company, born on july 31, 1967 and aged 51 years, the chairman and MD of the company. In addition to the equity share held by him indirectly through Shriram properties holdings.
Board of directors of Shriram Properties holding
1. M. Murali
2. N. Mani Davey
3. R. Shankar
4. H.R. shrinivasan
5. S. Natarajan
6. Ravi D.V.
4. Company contact details
Registered office : Lakshmi Neela Rite Choice Chamber , New No. 9 , Bazullah Road , T. Nagar , 600017 , Tamilnadu , India
Telephone : +91 44 4001 4410
Corporate office : No. 40/43 , 8th main , 4 Cross , RMV Extension , Shadhashivnagar , Bengaluru 560080 , karnataka ,India
Telephone : +91 80 4022 9999
Website : www.shriramproperties.com
Contact person : Duraiswamy shrinivasan , company secretory and compliance officer
E-mail : cs.spl@shriramproperties.com
Corporate Identity Number : U72200TN2000PLC044560
5. Competitors of the company
1. Hindustan construction company
2. Jaiprakash associate limited
3. Larsen and turbo ltd.
4. Tata projects
5. GMR infrastructure ltd.
6. Sadhbhav engineering ltd.
7. Simplex infrastructure limited
8. NCC LTD.
9. Sunteck ltd.
10. DLF
6. Company's strength or risks
Strengths :-
1. Shriram group is funded by marquee global and domestic financial investment across several of its business.
2. One of the leading residential real estate development companies in south india with a focus on mid market and affordable housing categories.
3. Proven track record in project identification and detail execution.
4. Strategic relations with domestic and international financial institution.
5. Scalable and asset light business model.
6. Well positioned to benefit from regulatory and industry development.
Risks :-
1. Dependency on the performance of the real estate market in south india.
2. Continuing impact of the covid -19 pandemic.
3. Key developments geographically concentrated in key cities in south india.
4. Delay in the completing the ongoing projects , projects underdevelopment, and or forthcoming projects.
5. Increase in price, shortage, or any disruption in the supply of raw materials or labour.
6. Dependence on the independent contractors for executing the projects.
7. Capital intensive business and depends on the availability of the real estate financing in india.
8. Outstanding legal procedings involving the company, subsdiaries, directors, group companies and promoters.
9. Around 22% of the company's estimated saleable area is located in kolkata increasing concentrated in one city.
10. Title and development rights or other interest over land may be subjected to legal uncertanities and defects.
11. Changing laws, rules and regulations and legal uncertanities, including the withdrawl of certain benefits or adverse application of tax laws in the india real estate sector.
12. property tax rates
13. Competitive market
14. Timely receipt of approvals and permits.
15. Difficult to assess the growth rate since the revenues fluctuate from period to period.
16. Dependece on few projects for significant part of the revenue.
7. Company financials
Revenue -
March 18 - 420 cr.
March 19 - 724 cr.
March 20 - 632 cr.
Total assets
March 18 - 3285 cr.
March 19 - 3371 cr.
March 20 - 3404 cr.
Profits
March 18 - 343 cr.
March 19 - 48.79 cr.
March 20 - - 86.39 cr loss
IPO DETAILS
Open date - 8 December 21
Closed date - 10 December 21
Price range - Rs. 113 - 118
Issue size - 600 cr.
Minimum share - 125
Lot size - 125 share
Minimu investment - 14125 Rs/ 125 share
Face value - Rs 10
Listing at - NSE & BSE
Basis of allotment date - 15 December 21
Initiation of refunds - 16 december 21
Credit of share to demate account - 17 December 21
IPO Listing date - 20 December
Gmp - 12 Rs
Subscription status
Retail investers - 12.72x
Non- institutional Invester - 4.82x
Qualified institutional buyers - 1.85x
Employees - 1.25x
Frequently Asked Question
Q. What is an IPO ?
IPO or Initial public offering is a way where company want to raise sum amount of money for their business expansion, paying debt, etc. It is a process where private limited company convert into public limited company which is traded publicly in Stock exchanges like Bombay stock exchange and national stock exchange.
Q. Who decides the price of IPOs ?
Company decides the price of IPO with the help of Lead mangers. Sebi or stock exchange does not interfere in the price of IPOs . There is risk in decide best and suitable premium rate for IPOs because investors do not like higher premium rates.
Q. Who will decides dates of IPO or listing date ?
Once SEBI and Stock exchanges approved for IPO then company cunsult with lead managers or registrar , stock exchanges to fix the date.
Q. What is the Role of Registrar ?
Basis work of Registrar are to provide facility like transfer stocks to investor demat accounts, transfer refunds in the investor account who do not get IPO and they are registered with SEBI and Stock Exchanges.
Q. Is it mandatory to have PAN number to apply for IPO ?
YES, since july 2006, SEBI made PAN compulsary for IPO applicants.
Q. How many times One person apply ?
Only one time a one person will be applied but you apply for IPOs from your family's account.
Q. How IPOs listing price is decided ?
The listing price of IPO is decides through book building by syndicate of investment banks.
Q. One can apply for IPO for Offline ?
Yes, you can apply for IPO offline.
Q. How many days IPOs subscription open ?
At least 3 working days IPO will be open for subscription.
Q. What is 'market lot' or 'Minimum order quantity' ?
When a company launches a IPO , company decide, how many numbers of shares that an investor can get .
Q is it mandatory trading account apply for IPO ?
No, it is not mandatory for demat account.