Shriram Properties Limited (SPL), a realty firm focused on the mid-market and affordable housing categories, filed a red-herring prospectus with the Securities and Exchange Board of India, in which an initial public offering (IPO) ) Through Ltd. 800 crores raised. ) Belongs to.
The IPO will include a fresh issue of ₹ 250 crore and an offer of sale (OFS) of up to ₹ 550 crore by current shareholders and promoters. The OFS comprises ₹ 147.1 crore by Omega TC Saber Holdings, Financial 13 crore by Tata Capital Financial Services, ₹ 148.9 crore by TPG Asia SFV Pte Ltd, WS 216 crore by WSI (WSQI V) (XXXII) sale of shares by Mauritius investors. Ltd and shareholders by 25 crore other selling shareholders, SPL said.
The company proposes to repay / prepay some borrowings and use fresh net income on behalf of some of its subsidiaries.
Residence Location
According to realty consultant JLL, SPL is one of the five largest residential real estate companies in South India in terms of the number of units unveiled between calendar 2015 and 2020.
Bengaluru and Chennai, which are part of the country’s major residential markets, contributed about 30% of home launches between the calendar years 2012 and 2020 in the country.
.
Leave a Reply