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Shriram Properties Ltd
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Registered Office :
Lakshmi Neela Rite Choice Cham,New No 9 Bazullah Road T Nagar
,
Chennai
-
600017
,
Tamil Nadu
, India.
Phone :
91-44-4001 4410 Fax:
Email : cs.spl@shriramproperties.com
Website : www.shriramproperties.com
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Initial public offer of 50,873,592* equity shares of face value of Rs10 each ("Equity Shares") of Shriram Properties Limited ("Company" or "Issuer") for cash at a price of Rs118* per equity share (including a share premium of Rs108 per equity share) aggregating to Rs600.00 crores (The "Offer") comprising of a fresh issue of 21,212,576* equity shares aggregating to
Rs250.00 crores (The "Fresh Issue") and an offer for sale of 29,661,016* equity shares aggregating to Rs350.00 crores comprising of 7,708,009* equity shares aggregating Rs90.95 crores by Omega TC Sabre Holdings Pte. Limited; 707,156* equity shares aggregating to Rs8.34 crores by Tata Capital Financial Services Limited; 7,814,083* equity shares aggregating to Rs92.20 crores by TPG Asia SF V Pte. Ltd.; 11,313,124* equity shares aggregating to Rs133.49 crores by WSI/WSQI V (XXXII) Mauritius Investors Limited (collectively, the "Investor Selling Shareholders") and 2,118,644* equity shares aggregating to Rs25.00 crores by the other selling shareholders (as defined hereunder) (the other selling shareholders collectively with the investor selling shareholders are referred to as the "Selling Shareholders" and such equity shares the "Offered Shares") ("Offer for Sale"). The offer constitutes 29.99% of the post-offer paid-up equity share capital of the company. The offer included a reservation of 280,373* equity shares, aggregating up Rs3.00 crores, for subscription by eligible employees (as defined herein) not exceeding 0.17% of the post-offer paid-up equity share capital ('Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The net offer constitutes 29.83%, of the post-offer paid-up equity share capital of the company.
The face value of equity shares is Rs10 each. The offer price is 11.8 times the face value of the equity shares.
*Subject to finalisation of the basis of allotment.
#A discount of Rs11 per equity share was offered to eligible employees bidding in the employee reservation portion.
Bids cans be made for a minimum of 125 equity and in multiple of 125 shares thereafter.
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Opens On
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Closes On
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Application
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Allotment
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08-Dec-21
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10-Dec-21
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Rs 118.00-0.00
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Rs 0.00-0.00
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Minimum Application for shares in Nos :125 Further
Multiples of :125
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(Rs Cr)
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Lead Managers to the Issue
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Project Cost
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250.00
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Project Financed through Current Offer
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600.00
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Post Issue Equity Share Capital
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169.62
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Issue Price
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Rs 118.00
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