How to check allotment status of Shriram Properties’ IPO

• Shriram Properties is primarily focused on mid-market and affordable housing categories.
• The price band of the public issue is ₹113 to ₹118 as the company intends to raise ₹600 crore.
• The company is commanding a grey market premium (GMP) of ₹17.

The allotment status of Shriram Properties’ initial public offering (IPO) is likely to be announced today, December 15.

The company’s public issue has been oversubscribed nearly four times, with retail investors' subscription rate going 12 times higher than the initial bidding offer. The portion reserved for non-institutional investors (NII) was subscribed nearly five times.

Shriram Properties is a south India-based company, which is primarily focused on mid-market and affordable housing categories.

The company intends to raise ₹600 crore from this public issue. Nearly ₹250 crore will be raised through the fresh issue, while the remaining ₹350 crore will be raised as offer for sale (OFS) from existing shareholders — including Walton Street Capital, TPG Asia and Omega TC Sabre Holdings.

The price band of the public issue was ₹113 to ₹118, and the size of the 125 shares, priced at ₹14,750 at an upper price range. The grey market premium (GMP) of Shriram Properties was ₹17 on December 14.

Here is how to check Shriram Properties’ IPO allotment status on stock exchange website:

• Go to the BSE website or NSE website here.
• On BSE, Select 'Equity' and then from the dropdown, select 'Shriram Properties’.
• Now, enter your application number and PAN.
• Click on 'Search'.
• Please note the details will only be available once the shares are allotted.

You can also visit the registrar website (Link Intime India) to check your application

• Visit the registrar's website here.
• Click on 'Select company' and click on ‘Shriram Properties’.
• Once the company is selected, you will have to enter either your PAN detail, the application number, or the client ID.
• Enter the captcha and click ’submit’.

Once you hit 'submit', the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you.

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