Shriram Properties IPO: Information analysis

Incorporated in 2000, Shriram Properties is one of the leading residential real-estate developers with its focus on the mid-market and affordable-housing segments in South India. It is one of the top five residential real-estate companies in terms of the number of units launched between the calendar year 2012 and the third quarter of 2021 across the tier-1 cities of South India, including Bengaluru, Chennai and Hyderabad. Besides, the company also has a presence in the mid-premium and luxury-housing segments, as well as commercial and office spaces. As on September 30, 2021, it completed 29 projects with a saleable area of 16.76 million sq. ft. Out of these projects, 24 were in Bengaluru and Chennai and accounted for 90.56 per cent of the company's total salea