Sharekhan

December 7, 2021

This is to inform you that Shriram Properties Limited is coming out with a public issue to raise Rs.600 crore from the market.

The issue opens on December 8 and closes on December 10, 2021.

Details of the Shriram Properties Limited IPO

Company Details	:	Shriram Properties Limited (“Shriram Properties”), the part of Shriram Group, was incorporated on March 28, 2000. Shriram Properties is one of the leading residential real estate development companies in South India, primarily focused on the mid-market and affordable housing categories. They are among the Top-5 residential real estate companies in South India in terms of number of units launched between the calendar years 2012 and the third quarter of 2021 across Tier 1 cities of South India including Bengaluru, Chennai and Hyderabad. In addition, they also have presence in Kolkata in East India. Bengaluru and Chennai are two key markets for them. As of September 30, 2021, the company has 29 Completed Projects, representing 16.76 million square feet (“msf”) of Saleable Area, out of which their 24 Completed Projects in the cities of Bengaluru and Chennai accounted for 90.56% of their Saleable Area. Further, 83.69% of the total Saleable Area for Completed Projects were in the mid-market category and affordable housing category (accounting for 51.44% and 32.25% respectively), and the remainder in the commercial and office space and luxury housing categories. In addition, as of September 30, 2021, the company has portfolio of 35 projects in Ongoing Projects, Projects under Development and Forthcoming Projects aggregating to 46.72 msf of estimated Saleable Area. The portfolio consists of 26 Ongoing Projects, 5 Projects under Development and 4 Forthcoming Projects, which account for 56.28%, 17.71% and 26.01% of their total estimated Saleable Area, respectively. As of September 30, 2021, they have Land Reserves of approximately 197.47 Acres, with a development potential of approximately 21.45 msf of estimated Saleable Area. Shriram Properties is transitioning from a real estate development model to a combination of real estate development and real estate services based business model, with a shift towards an asset light business strategy. Shriram Properties has successfully stabilised the development management (“DM”) model in their core markets having entered into definitive agreements for 14 projects with an estimated aggregate Saleable Area of 14.91 msf under the DM model which accounts for 31.92% of total estimated Saleable Area under their Ongoing Projects, Projects under Development and Forthcoming Projects as of September 30, 2021. They have benefited from the strategic inputs and support of marquee global and domestic financial investors, including entities affiliated with TPG, Tata Opportunities Fund, Walton Street Capital and Starwood.
Issue Period	:	Issue opens on: Wednesday, December 8, 2021 Issue closes on: Friday, December 10, 2021
Price Band	:	Rs.113 to Rs.118 per equity share
Bid Lot	:	125 equity shares and in multiple thereafter.
Issue Size	:	Rs.600 crore
Employee Reservation	:	Equity shares aggregating upto Rs. 3 Cr
Employee Discount	:	Rs. 11 Per Share
Issue break-up	:	QIB - 75% of the net offer – Rs.447.75 crore NIB - 15% of the net offer - Rs.89.55 crore RET - 10% of the net offer - Rs.59.70 crore
Listing	:	NSE and BSE
Registrar	:	KFin Technologies Private Limited
UPI	:	All Retail Applications through brokers are compulsorily in UPI Mode

Watch these 4 videos to know how to apply for the Shriram Properties Limited IPO online easily.

Step 1: Create an UPI ID

Create UPI ID

Step 2: Apply for IPO online using mobile app or website

Step 3: Authorise UPI mandate to block payment

Authorised UPI ID

Remember these points while applying for IPOs

With Sharekhan, you can now fill and submit your IPO application online at your convenience anytime before an issue closes. This can be done through the Sharekhan app or website.
You will need a mobile phone with a SIM linked to your bank account offering the UPI facility and a debit card to create your UPI ID.

Currently, UPI works on the following mobile applications:

Name of App (Supported Platforms)	VPA Handle
BHIM Baroda Pay (only Android)	@BARODAMPAY
BHIM Oriental Pay (Only Android)	@obc
BHIM RBL Pay (Android & iOS)	@rbl
BHIM (android & iOS)	@upi
BHIM ALLBANK UPI (only Android)	@allbank
BHIM Axis Pay (only android)	@axisbank
BHIM IndusPay (only Android)	@indus
BHIM Lotza UPI (only Android)	@federal
BHIM SBIPay (only android)	@sbi
Citi Mobile (android & iOS)	@citi & @citigold
Google Pay (android & iOS)	@okhdfcbank \| @okaxis \| @oksbi \| @okicici
HSBC Simply Pay (android & iOS)	@hsbc
iMobile by ICICI Bank (android users)	@icici
Kotak Mobile Banking App (Android)	@kotak
Phone-Pe (android & iOS)	@ybl
SIB Mirror+ (only Android)	@sib
BHIM YES PAY (only Android)	@yesbank
DigiBank - DBS (Android & iOS	@dbs
Paytm (Andriod & iOS)	@paytm
BHIM AUPay (Android & iOS)	@aubank
Freecharge (Android & iOS)	@freecharge
BHIM BANDHAN UPI (Android & iOS)	@bandhan
BHIM KBL UPI (Android)	@kbl
Phone-Pe (Android & iOS)	@ybl, @axl, @ibl

To avoid rejection, download the latest version of the app.
Remember to select UPI as the payment option in the IPO application form by providing your UPI ID.
As soon as you submit your application through the mobile app or website, you will receive an SMS from National Payments Corporation of India (NPCI) informing you that your UPI mandate has been generated.
The app passcode and the UPI PIN can be different; remember to enter only the UPI PIN while authorising the UPI mandate. Note that you should not share your UPI PIN with anyone.
If you forget the UPI PIN, simply reset it instead of entering a wrong one.
If the transaction gets through, you will receive a “Transaction is successful” message on your mobile.
There are two possible scenarios post-allotment: On full allotment, funds will be debited from your account. If there is no allotment of shares, the blocked funds will be released after the end date or expiry date of the UPI mandate.

Published by Team Internal Communications
This newsletter is for internal circulation only. It may not be published, reproduced or quoted in part or in whole, nor may it be published on social media without prior consent. The content is strictly copyright and reproduction of the whole or part of it in any form is prohibited without written permission from the Internal Communications department of Sharekhan.

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