Shriram Properties Share Price

On March 28, 2000, in the Indian city of Chennai, Tamil Nadu, Synectics Infoway Private Limited was officially formed. After the shareholders voted a special resolution on March 17, 2003, the business changed its name to Shriram Properties Private Limited. On March 28, 2003, the RoC issued a new certificate of incorporation reflecting the name change. Between 01 April 2003 and 24 October 2018, the business underwent various conversions from private to public limited company status.

The company name changed to Shriram Properties Limited after shareholders approved the change in a special resolution on October 24, 2018, and the RoC issued a new certificate of incorporation on December 10, 2018. Shriram Properties is a company that builds and develops real estate.

The firm is a frontrunner in the inexpensive and middle-range housing sectors of South India's real estate industry. Based on the number of residential units it has introduced in South India's Tier 1 cities like Bengaluru, Chennai, and Hyderabad between 2012 and the third quarter of 2021, the business is among the top five residential real estate developers in South India. The firm operates in the premium and high-end residential sectors as well as the commercial and office space industries within its primary target regions.

The Shriram Group, of which the firm is a part, is one of India's most well-known conglomerates, having been around for four decades and enjoying widespread brand recognition across many sectors, including retail banking and finance. The organization opened its doors in Bengaluru in the year 2000, and since then, it has spread to other major cities in South India, including Chennai, Coimbatore, and Visakhapatnam. The firm is also active in Kolkata, East India, where it has established a significant foothold and is constructing a substantial mixed-use project. Cities like Bengaluru, Chennai, and Hyderabad are essential to the company's growth.

There were 500,000 bonus shares of equity issued and distributed by the firm on September 28, 2006, with a value of Rs 10 apiece. On August 24, 2009, the business issued and allocated 62,136,860 Rs 10 equity shares to its stockholders as bonus shares, a ratio of 5:1. In December 2021, the firm issued a Rs 600 billion public issue, consisting of a Rs 250 billion new issuance and a Rs 350 billion offer for sale (OFS). The total price for the IPO Shriram Properties Shares was Rs 118, which included a premium of Rs 108. Do you want to know about Shriram Properties Shares? Click Here to know about today’s Shriram Properties Share Price.