Shriram Properties Share Price Down 16 Percent On 20th December 2021 Shriram Properties Ipo Details

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Shriram Properties Shares: Shares of South India’s residential real estate company Shriram Properties have been listed in the market today. There has been a lot of disappointment among investors due to the listing of the company’s shares. The shares of the company are listed at a discount of 20 per cent against the issue price of Rs 118, ie Rs 94. However, after a weak listing, there was a slight recovery in it.

Closed down 16 percent
Let us tell you that after a day’s trading, the shares of Shriram Properties Limited closed down about 16 percent on Monday against the issue price of Rs 118 on the first day. Earlier in the day, the shares were listed with a loss of about 24 percent.

Shares closed at Rs 99.40
At the end of trading, the shares closed at 99.40, down 15.76 percent. On the National Stock Exchange, it started at Rs 90 with a fall of 23.72 per cent and closed at Rs 98.90, down 16.18 per cent.

IPO was subscribed 4.60 times
The company’s IPO was subscribed 4.60 times. Apart from this, talking about the financial condition of the company, the business of the company has been affected due to Corona. Its net profit (Profit After Tax) in the financial year 2019 was Rs 48.79 crore while in the next financial year it suffered a loss of Rs 86.39 crore. Its position improved in the next financial year 2021, but still it suffered a loss of Rs 68.18 crore.

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