Shriram Properties IPO share allotment standing: Here’s the right way to verify your shares on-line

Shriram Properties IPO share allotment standing: The preliminary public providing (IPO) of Shriram Properties was subscribed 4.60 occasions over the two.93 crore shares that had been on supply through the subscription interval from December 8-10, 2021. The value band was mounted at Rs 113-118 per share.
Shriram Properties IPO obtained bids of over 13.51 crore (13,51,21,875) shares towards the overall problem dimension of over 2.93 crore (2,93,51,639) shares, knowledge accessible with the National Stock Exchange (NSE) confirmed.
The shares that are to be allotted for the certified institutional consumers (QIBs) was subscribed 1.85 occasions, whereas these of non institutional traders was subscribed 4.82 occasions and that of retail particular person traders (RIIs) was subscribed 12.72 occasions. Separately, shares for the workers’ phase was subscribed 1.25 occasions, the information confirmed.
The Rs 600 crore Shriram Properties IPO includes recent issuance of fairness shares price Rs 250 crore and a proposal on the market (OFS) of Rs 350 crore.

The proceeds from the recent problem will likely be used in the direction of reimbursement and/ or pre-payment of debt and normal company functions.
Investors are actually wanting ahead to the share allotment date of the Shriram Properties IPO. The firm is meant to finalise the allotment by Wednesday, December 15, 2021, as per the timeline offered within the crimson herring prospectus (RHP). In case you have got utilized for the Shriram Properties IPO, then right here is how one can verify the standing of your allotment when it will get declared:
The allotment standing will get up to date on the web site of the registrar of the IPO, which on this case is KFin Technologies (Click right here: https://ris.kfintech.com/ipostatus/ipos.aspx). Applicants might want to choose SHRIRAM PROPERTIES LIMITED within the drop-down menu and enter both their Application No. or DPID/Client ID or PAN, enter the Captcha code (which is proven in digits) and click on on Submit to view their allotment standing.
 
Apart from the registrar’s web site, candidates also can verify the standing of their allotment on the web site of the BSE (Click right here: https://www.bseindia.com/investors/appli_check.aspx). Here, they might want to choose Equity in Issue Type, then choose SHRIRAM PROPERTIES LIMITED from the drop-down record within the Issue Name part, enter their Application Number and PAN Number within the respective containers after which click on on search to view their standing.

The itemizing of shares of Shriram Properties is prone to happen on Monday, December 20, 2021, on each the NSE and BSE.
Axis Capital, ICICI Securities and Nomura Financial Advisory and Securities (India) are the ebook operating lead managers to the IPO.