Shriram Properties to unveil ₹600-cr. IPO on Dec. 8
The Hindu
Shriram Properties Ltd. has announced the opening of an initial public offering (IPO) on December 8, at a price band of ₹113-118 per equity share. Bids can be made for a minimum of 125 equity shares a
Shriram Properties Ltd. has announced the opening of an initial public offering (IPO) on December 8, at a price band of ₹113-118 per equity share. Bids can be made for a minimum of 125 equity shares and in multiples of 125 shares thereafter.
The IPO comprises issuance of equity shares aggregating up to ₹600 crore, which includes a fresh issue of up to ₹250 crore and an offer-for-sale aggregating up to ₹350 crore.
The company proposes to utilise the net proceeds from the fresh issue towards funding repayment and/ or pre-payment, in full or part, of certain borrowings availed by it and its subsidiaries Shriprop Structures, Global Entropolis and Bengal Shriram amounting to ₹200 crore and general corporate purposes.
Flight AI177 will depart Bengaluru at 1.05 p.m. and arrive at London Gatwick at 7.05 p.m. (local time). From London Gatwick, flight AI178 will depart at 8.35 p.m. (local time) and arrive in Bengaluru at 10.50 a.m. (next day arrival). From Bengaluru, the flight will operate on Mondays, Wednesdays, Thursdays, Fridays and Sundays.