Shriram Properties Raises Rs. 268.64 Crores from 34 Anchor Investors

Shriram Properties Limited (the “Company”), has allotted 2,27,66,949 equity shares to 34 anchor investors and raised Rs.268.64 crores ahead of the company’s proposed IPO at the upper price band of Rs. 118 per equity share. (Including share premium of Rs. 108 /- per equity shares). Marquee investors including Nomura Asset (Rs. 50 crore of the total anchor allocated amount); SBI Life (Rs. 44 crore), Nippon (Rs. 40 crore), Sundaram MF (Rs. 30 crore), HDFC Life (Rs. 15 crore), HDFC MF (Rs. 15 crore), Birla MF (Rs. 15.0 crore), Premji Invest (Rs. 15 crore), Plutus (Rs. 12.6 crore), Wells Capital (Rs. 12 crore), Discovery Thru BNP (Rs. 5 crore), Millenium (Rs. 5 crore), SocGen  (Rs. 5 crore) and Blue Mount Capital (Rs. 5 crore) of total allocation amount were part of the anchor book Out of the total allocation of 2,27,66,949 equity shares to the Anchor Investors, 84,74,625 Equity Shares (i.e. 37.22% of the total allocation to Anchor Investors) were allocated to 4 domestic mutual funds through a total of 24 schemes. The Price Band of the offer has been fixed at Rs. 113 to Rs. 118 per equity share. Bids can be made for a minimum of 125 equity shares and in multiples of 125 equity shares thereafter. The offer comprises of equity shares aggregating up to Rs. 600 crores (The “Offer”) includes fresh issue of equity shares aggregating upto Rs. 250 crores and an offer for sale aggregating upto Rs. 350 crores. Axis Capital Limited, ICICI Securities Limited and Nomura Financial Advisory and Securities (India) Private Limited are the Book Running Lead Managers.