- Shriram Properties is primarily focused on mid-market and affordable housing categories.
- The price band of the public issue is ₹113 to ₹118 as the company intends to raise ₹600 crore.
- The company is commanding a grey market premium (GMP) of ₹17.
The company’s public issue has been oversubscribed nearly four times, with retail investors' subscription rate going 12 times higher than the initial bidding offer. The portion reserved for non-institutional investors (NII) was subscribed nearly five times.
The company intends to raise ₹600 crore from this public issue. Nearly ₹250 crore will be raised through the fresh issue, while the remaining ₹350 crore will be raised as offer for sale (OFS) from existing shareholders — including Walton Street Capital, TPG Asia and Omega TC Sabre Holdings.
The price band of the public issue was ₹113 to ₹118, and the size of the 125 shares, priced at ₹14,750 at an upper price range. The grey market premium (GMP) of Shriram Properties was ₹17 on December 14.
Here is how to check Shriram Properties’ IPO allotment status on stock exchange website:
- Go to the $4 or NSE website$4.
- On BSE, Select 'Equity' and then from the dropdown, select 'Shriram Properties’.
- Now, enter your application number and PAN.
- Click on 'Search'.
- Please note the details will only be available once the shares are allotted.
- Visit the registrar's website $4.
- Click on 'Select company' and click on ‘Shriram Properties’.
- Once the company is selected, you will have to enter either your PAN detail, the application number, or the client ID.
- Enter the captcha and click ’submit’.
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