Incorporated in 2000, Shriram Properties is a part of the Shriram Group and is one of the leading residential real estate development companies in South India. The company primarily focuses on the mid-market and affordable housing segments. The company is also present in the mid-market premium and luxury housing categories as well as commercial and office space categories. Bengaluru and Chennai are the key markets for the company. The company also has operations in Coimbatore, Visakhapatnam, and Kolkata.
As of September 30, 2021, the company has completed 29 projects, out of which 24 are in the cities of Bengaluru and Chennai. As of September 30, 2021, the company has a total portfolio of 35 projects in ongoing, projects under development, and forthcoming projects, stages, aggregating to 46.72 million square feet of estimated saleable area.
- Part of the reputed Shriram Group.
- Leading real estate development company in South India.
- Proven capabilities in project identification and execution.
- Strong strategic relationships with financial investors.
- Scalable and asset-light business model.
- Strong Financial Position.
- Well-positioned to benefit from regulatory and industry developments.
Objectives of the Issue:
The IPO aims to utilize the net proceed towards the following purposes;
- Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the company and its subsidiaries, Shriprop Structures, Global Entropolis and Bengal Shriram.
- General corporate purposes, subject to applicable laws.
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