Shriram Properties IPO - Established Real Estate Developer In South India: ICICI Direct
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ICICI Direct's IPO Report
Shriram Properties Ltd. is one of the leading residential real estate development companies in South India and stands among top five in terms of number of units launched between CY12- Q3 CY21 across tier-I cities of South India.
It is primarily focused on the mid-market and affordable housing categories (83.69% of 16.76 million square feet total saleable area for completed projects).
Additionally, Shriram Properties has presence in the mid-market premium and luxury housing categories, and commercial and office space segments.
The company has realised pre-sales volumes of 1.56 million sqft, 3.00 million sqft, and 3.25 million sqft of saleable area during H1 FY22, FY21 and FY20 valued at Rs 587.4 crore, Rs 1,244.3 crore and Rs 1,148.6 crore respectively.
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