{"id":6986,"date":"2021-12-06T10:23:38","date_gmt":"2021-12-06T04:53:38","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-ipo-shriram-properties-2\/"},"modified":"2021-12-06T10:55:08","modified_gmt":"2021-12-06T05:25:08","slug":"biz-ipo-shriram-properties-2","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-ipo-shriram-properties-2\/","title":{"rendered":"Shriram Properties sets IPO price band at Rs 113-118\/share"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4093408948\"><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 6 (PTI) Shriram Properties has fixed a price band of Rs 113-118 a share for its Rs 600-crore initial share sale, which will open for public subscription on December 8.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1371088304\"><!-- 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><p>The three-day initial public offering (IPO) will conclude on December 10, the bidding for anchor investors will open on December 7, according to the company.<\/p><p>The firm has reduced its offer for sale size to Rs 350 crore from Rs 550 crore earlier. Now, the IPO size will be Rs 600 crore against Rs 800 crore earlier.<\/p><p>This public issue comprises fresh issuance of equity shares worth Rs 250 crore and an offer for sale (OFS) of Rs 350 crore.<\/p><div class=\"trade-content_5\" id=\"trade-2280151854\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>As a part of the OFS, Omega TC Sabre Holdings Pte Ltd will offload shares worth up to Rs 90.95 crore, Tata Capital Financial Services Ltd will sell shares to the tune of Rs 8.34 crore, TPG Asia SF V Pte Ltd will divest shares worth up to Rs 92.20 crore and Wsi\/Wsqi V (XXXII) Mauritius Investors Ltd will sell shares worth Rs 133.5 crore.<\/p><p>The issue includes a reservation of equity shares worth Rs 3 crore for the company&#8217;s employees who will receive those shares at a discount of Rs 11 per share to the final issue price.<\/p><p>The company plans to utilise the net proceeds from the fresh issue towards repayment and\/ or pre-payment of debt and general corporate purposes.<\/p><p>About 75 per cent of the issue size has been reserved for qualified institutional buyers (QIBs), 15 per cent for non-institutional investors and the remaining 10 per cent for retail investors.<\/p><p>Investors can bid for a minimum of 125 equity shares and in multiples thereof.<\/p><p>The company has a major presence in south India. It has completed various real estate projects and many projects are under construction.<\/p><div class=\"trade-content-10\" id=\"trade-2439909182\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Despite the COVID-19 pandemic, the Indian real estate sector has witnessed two successful public issues of the Real Estate Investment Trust (REIT).<\/p><p>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.<\/p><p>India&#8217;s largest realty firm Macrotech Developers, erstwhile Lodha Developers, raised Rs 2,500 crore through IPO in April. PTI SP ANS ANS<\/p><div class=\"trade-after-content\" id=\"trade-3992768\"><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 6 (PTI) Shriram Properties has fixed a price band of Rs 113-118 a share for its Rs 600-crore initial share sale, which will open for public subscription on December 8. The three-day initial public offering (IPO) will conclude on December 10, the bidding for anchor investors will open on December 7, according [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":6988,"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":[1516,31,1789],"tags":[],"class_list":["post-6986","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","category-news","category-trending-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 sets IPO price band at Rs 113-118\/share - 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-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shriram Properties sets IPO price band at Rs 113-118\/share\" \/>\n<meta property=\"og:description\" content=\"Shriram Properties has fixed a price band of Rs 113-118 a share for its Rs 600-crore initial share sale, which will open for public subscription on December 8.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/biz-ipo-shriram-properties-2\/\" \/>\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=\"2021-12-06T04:53:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-12-06T05:25:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2021\/12\/Shriram-properties-Cover-image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"PTI News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Shriram Properties sets IPO price band at Rs 113-118\/share\" \/>\n<meta name=\"twitter:description\" content=\"Shriram Properties has fixed a price band of Rs 113-118 a share for its Rs 600-crore initial share sale, which will open for public subscription on December 8.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2021\/12\/Shriram-properties-Cover-image.jpg\" \/>\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=\"2 minutes\" \/>\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-2\/\",\"url\":\"https:\/\/tradebrains.in\/features\/biz-ipo-shriram-properties-2\/\",\"name\":\"Shriram Properties sets IPO price band at Rs 113-118\/share - 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