Shriram Properties IPO Subscription Status {Live Data Day 2}
Written by Lucky Wilson | KGTO Writer on December 9, 2021
Shriram Properties Limited IPO subscription to start from December 8, 2021 and it will close on December 10, 2021, Friday. The retail quota of this IPO is 10%, QIB is 75% and HNI is 15% quota. There is a special quota for employees in that they will get ₹11 discount/equity share. The company to raise ₹600 crores via IPO at a price band of ₹113 to ₹118. The minimum bid for the IPO is 125 shares that cost ₹14,750 for l lot. The Chennai-based Shriram Properties is the best residential real estate development company in South India. The company have strong focuses on the mid-market and affordable housing segments. They are mostly dealing in Bengaluru and Chennai markets in which they have completed 24 projects. Check out more detail for Shriram Properties IPO as below.
IPOWatch View
Shriram Properties IPO Subscription Status (Live Data – Day 2)
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.00 | 0.12 | – |
| NII | 0.04 | 0.06 | – |
| RII | 4.85 | 7.08 | – |
| EMP | 0.36 | 0.56 | – |
| Total | 0.89 | 1.36 | – |
Shriram Properties IPO Date & Price Band
| IPO Open: | 08 December 2021 |
| IPO Close: | 10 December 2021 |
| IPO Size: | Approx ₹600 Crores |
| Fresh Issue: | Approx ₹250 Crores |
| Offer for Sale: | Approx ₹350 Crores |
| Face Value: | ₹10 Per Equity Share |
| Price Band: | ₹113 to ₹118 Per Share |
| Listing on: | BSE & NSE |
| Retail Quota: | 10% |
| QIB Quota: | 75% |
| NII Quota: | 15% |
| Discount: | ₹11 for Employees |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Shriram Properties IPO Market Lot
The Shriram Properties IPO minimum market lot is 125 shares with ₹14,750 application amount. The retail investors can apply up-to 13 lots, 1625 shares with ₹191,750 application amount.
| Minimum Lot Size: | Minimum 125 Shares for 1 lot |
| Minimum Amount: | ₹14,750 for 1 lot |
| Maximum Lot Size: | Maximum 1625 Shares for 13 lot |
| Maximum Amount: | ₹191,750 for 13 lot |
Shriram Properties IPO Date, Time Table, Allotment & Listing
The Shriram Properties IPO date is 08 December 2021 and the IPO close date is 10 December 2021. The allotment date is 15 December 2021 and the IPO may list on 20 December 2021.
| Price Band Announcement: | 03 December 2021 |
| Anchor Investors Allotment: | 07 December 2021 |
| IPO Open Date: | 08 December 2021 |
| IPO Close Date: | 10 December 2021 |
| Basis of Allotment: | 15 December 2021 |
| Refunds: | 16 December 2021 |
| Credit to Demat Account: | 17 December 2021 |
| IPO Listing Date: | 20 December 2021 |
Shriram Properties IPO Subscription FAQs:
The IPO subscription starts on 08 December 2021 for QIB, NII, and Retail Investors.
The IPO subscribed 0.89x times on day 1.
The RII subscription is 4.85x on day 1.
You can go with ASBA and Non ASBA option for subscription. Go to your bank account and apply IPO online via ASBA or download form online or get the physical form and submit the filled form to your broker or bank.
One can visit our portal for live IPO subscription numbers that we are updating hourly basis from the official website NSE and BSE website. One can check the live subscription on BSE or NSE website on the particular IPO page.
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