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What is Shriram Properties IPO Details and Insights about?

Shriram Properties Limited is launching a book built issue IPO with a price range of ₹113 to ₹118 per equity share, aiming to raise up to ₹600 crore. The IPO will open on December 8, 2021, and close on December 10, 2021, with a tentative listing date of December 20, 2021. The proceeds will be used for repayment of borrowings and general corporate purposes, but the long-term perception suggests investors may want to wait for profitability before investing.

Author

Sameer Joshi

Language

EN