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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Repayment or prepayment of borrowings
Proceeds from the fresh issue are earmarked to repay or prepay certain outstanding debt of the company and select subsidiaries.
General corporate purposes
The remaining fresh issue proceeds are to be used for general corporate purposes.
No IPO reservation added yet.
No documents added yet.
(₹ in Crore)
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Shriram Properties Limited is a real estate development company headquartered in Chennai and incorporated in 2000 as part of the Shriram Group. The company builds primarily residential projects aimed at mid-market and affordable homebuyers, with a smaller presence in premium housing and commercial space. The company's core markets are Bengaluru and Chennai, with additional projects in Coimbatore, Visakhapatnam and Kolkata. As of September 30, 2021, it had completed 29 projects and had 35 ongoing or planned projects covering roughly 46.72 million square feet, placing it among the top five residential developers in South India by units launched between 2012 and 2021. The company typically works through a mix of direct development, joint developments with landowners, and joint ventures with other developers, which lets it scale its project pipeline without owning all the underlying land outright. It draws on the broader Shriram Group's brand and financial network to support fundraising and project execution across its portfolio.
Ahead of the issue opening, the company raised about Rs 268.65 crore from anchor investors, including domestic institutions such as SBI Life Insurance, Sundaram Mutual Fund, Aditya Birla Sun Life, Nippon Life, and HDFC Life Insurance and Trustee entities, alongside foreign investors including Nomura and Societe Generale.
Source: RHP • Analysis provided for informational purposes
Last Updated: 20 July 2026, 5:30 AM
Established South Indian residential developer
The company ranks among the top five residential developers in South India by units launched between 2012 and 2021, with a long track record in Bengaluru and Chennai.
Backing of the Shriram Group
The issuer benefits from the Shriram Group's brand recognition and financial network, which supports project execution and fundraising.
History of net losses
The company posted net losses in FY2020 and FY2021 and continued to report losses into the first half of FY2022, raising questions about near-term profitability.
Earnings not meaningful due to losses
Because of recent losses, standard per-share earnings measures could not be meaningfully calculated for the two and a half fiscal years before the issue.
No dividend track record
The company has neither a formal dividend policy nor a history of paying dividends in the three fiscal years before the IPO.
Shriram Properties Limited
Lakshmi Neela Rite Choice Chamber, New No. 9, Bazullah Road, T. Nagar, Chennai, Tamil Nadu 600017
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