By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com
Shriram Properties Limited (SPL), one of the leading residential real estate development companies in South India, primarily focused on the mid-market and affordable housing categories, filed its Draft Red Herring Prospectus (DRHP) with SEBI.
The Initial Public Offering (IPO) comprises of Shriram Properties Limited (“Company” or “Issuer”) comprising of a fresh issue aggregating up to Rs. 2,500 million (the “Fresh Issue”) and an offer for sale of up to 42,403,271 equity shares comprising of up to 11,243,964 equity shares by Omega TC Sabre Holdings Pte. Limited; up to 1,031,557 equity shares by Tata Capital Financial Services Limited; up to 11,398,698 equity shares by TPG Asia SF V Pte. Ltd.; up to 16,502,880 equity shares by WSI/WSQI V (XXXII) Mauritius Investors Limited (collectively, the “Investor Selling Shareholders”) and up to 2,226,172 equity shares by certain other selling shareholders. The offer includes a reservation for subscription by eligible employees i.e. the employee reservation portion.
