Widely read:
Shriram Properties is one of the leading residential real estate development companies in Southern India which is primarily focused on the mid-market and affordable housing categories. The total size of the IPO will be Rs 600 crore, of which Rs 350 crore is an offer for sale and Rs 250 crore is a fresh issue. The company plans to use the proceeds from the fresh issue for repayment of its borrowings. Post-listing, the company will get itself added to the list of other listed real estate developers like Sobha, Prestige Estate Projects, Brigade Enterprises, Godrej Properties, Oberoi Realty and Sunteck Realty.
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