Shriram Properties IPO Listing: The shares of Shriram Properties Limited will be listed and admitted for dealing on NSE and BSE today. Shriram Properties to be listed in ‘B’ Group of Securities Special Pre Open Session (SPOS) Today. Ahead of the share listing of Shriram Properties, stock market experts have said that realty stocks may have a slow opening and allottees should expect 8-10 per cent premium from the public issue.
Speaking on the IPO listing benefits of Shriram Properties, which allottees can expect; Abhay Doshi, Founder, UnlistedArena.com, said, “Ahead of the busy week with respect to primary markets, we are witnessing a drastic correction which has dampened sentiments so far. On the revenue front, despite being an issue of fair pricing. The downward trajectory should lead to another muted listing on account of reduction-glare and broader market correction. I expect neutral listing with only marginal gains of 10 per cent.”
On the IPO Listing Price Prediction of Shriram Properties; Ankur Saraswat, Research Analyst, Trustline Securities, said, “Shriram Properties Limited is one of the leading residential real estate development companies in South India. Most of the projects are in Bengaluru and Chennai, hence geographic concentration remains at risk. Rising debt burden, delays Completion of ongoing and upcoming projects casts doubt on its project execution capabilities and possible indication of liquidity issues.However, reputed parentage, good brand recall, scalable and asset business and well positioned to benefit from regulatory and growth Thus, the listing price of this IPO can be Including listing benefit of 133 15.”
Shriram Properties IPO expects weak listing; Aayush Agarwal, Senior Analyst, Swastika Investmart Ltd. said, “Shriram Properties has a MCAP/sales ratio of 4.6x, while its counterparts Shobha, Purvankara and Prestige offer 3.8x, 3.3x and 2.4x respectively. The gray market premium currently is Trades between 8-10 per cent, but looking at the current market conditions, we may see comparatively weak listings.” He said that the company is a big brand in the South Indian market, but it has suffered during the Kovid-19 pandemic.
Discount Prediction on Shriram Properties IPO; Ravi Singh, Vice President and Head of Research, ShareIndia said, “Infrastructure, realty, construction and mining are the key sectors, which are performing well and will play a key role in the next market rally. The demand for residential real estate is gradually increasing. Momentum across the country, South India is leading the revival in India’s real estate market and Shriram properties have a major presence in South India. However, at the present time, when the entire market is under pressure due to Omicron developments, We expect Shriram properties to be listed at an exemption in the category of . from 110 115 per share.”
Shriram Properties IPO GMP
According to market experts, Shriram Properties IPO GMP (Grey Market Premium) is today 11 means the gray market is expecting the issue to be listed 129 ( 118 + 11), which is about 9 percent higher than its price band from 113 118 per equity share.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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