{"id":7572,"date":"2021-12-08T20:15:16","date_gmt":"2021-12-08T14:45:16","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-ipo-shriram-properties-4\/"},"modified":"2021-12-08T20:15:16","modified_gmt":"2021-12-08T14:45:16","slug":"biz-ipo-shriram-properties-4","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-ipo-shriram-properties-4\/","title":{"rendered":"Shriram Properties IPO garners 89 pc subscription on first day"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2663295717\"><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 8 (PTI) The initial public offer of Shriram Properties attracted 89 per cent subscription on the first day of the offer on Wednesday.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-267132370\"><!-- 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> The quota for the Retail Individual Investors (RIIs) was subscribed 4.85 times. The realty player is the 57th company to come out with an Initial Public Offer (IPO) so far this calendar year.<\/p>\n<p> The latest data available on the BSE showed that for 2,93,51,639 shares of the company on offer, bids were received for 2,60,79,375 shares, which translates to a subscription of 89 per cent.<\/p>\n<p> For the RII category, there were bids for 2,56,48,125 shares against 52,83,185 shares on offer.<\/p><div class=\"trade-content_5\" id=\"trade-3290179263\"><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>\n<p> The category for the non-institutional investors got 4 per cent subscription and that for employees was subscribed 36 per cent. The qualified Institutional Buyers (QIBs) portion did not receive any bids on the first day.<\/p>\n<p> On Tuesday, the company mopped up a little over Rs 268 crore from anchor investors.<\/p>\n<p> The public issue comprises fresh issuance of equity shares worth Rs 250 crore and an offer for sale of Rs 350 crore. The price band for the offer is Rs 113-118 per share.<\/p>\n<p> The net proceeds from the fresh issue towards repayment and\/ or pre-payment of debt and general corporate purposes.<\/p>\n<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. PTI RAM  SHW SHW<\/p>\n<div class=\"trade-after-content\" id=\"trade-2916249702\"><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 8 (PTI) The initial public offer of Shriram Properties attracted 89 per cent subscription on the first day of the offer on Wednesday. The quota for the Retail Individual Investors (RIIs) was subscribed 4.85 times. The realty player is the 57th company to come out with an Initial Public Offer (IPO) so [&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-7572","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 IPO garners 89 pc subscription on first day - 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-4\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shriram Properties IPO garners 89 pc subscription on first day\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Dec 8 (PTI) The initial public offer of Shriram Properties attracted 89 per cent subscription on the first day of the offer on Wednesday. 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