Shriram Properties IPO has been subscribed 4.60 times: Allotment, listing date review and more

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Shriram Properties IPO

Shriram Properties IPO, which opened for subscription on December 8th has been subscribed by 4.60 times at the end of the final day of the issue. The company had looked to raise Rs 600 crore. ### Shriram Properties IPO: Subscription details The portion reserved for Qualified institutional investors making up 75% of the issue, got subscribed by 1.85 times. Non-institutional investors' portion saw getting an overall subscription of 4.83 times. Retail portion saw the highest demand, with the portion reserved for them (10%) getting an overall subscription of 12.72 times. The details of subscription numbers across categories is listed below. |**Category**|**Subscription (times)**| | - | - | |QIB|1.85| |NII|4.83| |Retail|12.72| |Employee|1.24| |Total|4.60| ### INDmoney had given a neutral rating on the issue “Given a drop in revenues, negative earnings, uncertain outlook due to the ongoing pandemic, and high valuations, we remain “Neutral” on the prospects of the issue,” we had said in our [**December 7th report.**]( ### Shriram Properties IPO allotment date The finalization of Basis of Allotment for Shriram Properties IPO will be done on Dec 15, 2021, and the allotted shares will be credited to your demat account by Dec 17, 2021. ### Shriram Properties IPO listing date The Shriram Properties IPO listing date is yet to be announced. The tentative date of Shriram Properties IPO listing is Dec 20, 2021.