{"id":6864,"date":"2021-12-03T18:49:33","date_gmt":"2021-12-03T13:19:33","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-ipo-shriram-properties\/"},"modified":"2021-12-03T18:49:33","modified_gmt":"2021-12-03T13:19:33","slug":"biz-ipo-shriram-properties","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-ipo-shriram-properties\/","title":{"rendered":"Shriram Properties&#8217; Rs 600-cr IPO to open on Dec 8"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1139434680\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>New Delhi, Dec 3 (PTI) The Rs 600-crore initial share-sale of Bengaluru-based Shriram Properties will open for public subscription on December 8. \u00a0 \u00a0 \u00a0 \t The initial public offering (IPO) will conclude on December 10, according to the red herring prospectus. \u00a0 \u00a0 \t The firm has reduced its offer for sale size to Rs 350 crore from Rs 550 crore earlier.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1568317976\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>  Now, the IPO size will be Rs 600 crore against Rs 800 crore earlier.  \u00a0 \u00a0 \u00a0 \t This public issue comprises fresh issuance of equity shares worth Rs 250 crore and an offer for sale (OFS) of\u00a0\u00a0Rs 350 crore. \u00a0 \u00a0 \tShriram Properties has proposed partial exit to its four existing investors &#8211;TPG Capital, Tata Capital, Walton Street Capital and Starwood Capital &#8212; which hold around 58 per cent stake in the company.\u00a0  \t As a part of the OFS,\u00a0Omega TC Sabre Holdings Pte Ltd will offload shares worth up to Rs 90.95 crore,\u00a0Tata Capital Financial Services will sell shares to the tune of\u00a0 Rs 8.34 crore, TPG Asia SF V Pte Ltd will divest shares worth\u00a0up to Rs 92.20 crore and Wsi\/Wsqi V (XXXII) Mauritius Investors Ltd will sell shares worth Rs 133.5 crore. \u00a0 \u00a0 The company plans to utilise the net proceeds from the fresh issue towards repayment and\/ or pre-payment of debt and general corporate purposes.  \u00a0 \u00a0 \u00a0 \t The company has a major presence in South India. It has completed various real estate projects and many projects are under construction. \u00a0 \u00a0 \u00a0  \t Despite the COVID-19 pandemic, the Indian real estate sector has witnessed two successful public issues of Real Estate Investment Trust (REIT). \u00a0 \u00a0 \u00a0  \t Mindspace Business Parks REIT, owned by K Raheja, was listed in August last year after raising Rs 4,500 crore, while global investment firm Brookfield&#8217;s REIT public issue worth Rs 3,800 crore got listed in February this year.  \u00a0 \u00a0  \t India&#8217;s largest realty firm Macrotech Developers, erstwhile Lodha Developers, raised Rs 2,500 crore through IPO in April. PTI SP \t   ANU ANU<\/p>\n<div class=\"trade-after-content\" id=\"trade-1058674979\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Dec 3 (PTI) The Rs 600-crore initial share-sale of Bengaluru-based Shriram Properties will open for public subscription on December 8. \u00a0 \u00a0 \u00a0 The initial public offering (IPO) will conclude on December 10, according to the red herring prospectus. \u00a0 \u00a0 The firm has reduced its offer for sale size to Rs 350 [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1516,31],"tags":[],"class_list":["post-6864","post","type-post","status-publish","format-standard","hentry","category-ipo","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Shriram Properties&#039; Rs 600-cr IPO to open on Dec 8 - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-ipo-shriram-properties\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shriram Properties&#039; Rs 600-cr IPO to open on Dec 8\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Dec 3 (PTI) The Rs 600-crore initial share-sale of Bengaluru-based Shriram Properties will open for public subscription on December 8. \u00a0 \u00a0 \u00a0 The initial public offering (IPO) will conclude on December 10, according to the red herring prospectus. \u00a0 \u00a0 The firm has reduced its offer for sale size to Rs 350 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/biz-ipo-shriram-properties\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-03T13:19:33+00:00\" \/>\n<meta name=\"author\" content=\"PTI News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"PTI News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/biz-ipo-shriram-properties\/\",\"url\":\"https:\/\/tradebrains.in\/features\/biz-ipo-shriram-properties\/\",\"name\":\"Shriram Properties' Rs 600-cr IPO to open on Dec 8 - Trade Brains Features\",\"isPartOf\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#website\"},\"datePublished\":\"2021-12-03T13:19:33+00:00\",\"author\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/432b854fc143da831dae702afe00a7d3\"},\"breadcrumb\":{\"@id\":\"https:\/\/tradebrains.in\/features\/biz-ipo-shriram-properties\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/tradebrains.in\/features\/biz-ipo-shriram-properties\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/tradebrains.in\/features\/biz-ipo-shriram-properties\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/tradebrains.in\/features\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Shriram Properties&#8217; 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