Shriram Characteristic shares will note on the bourses on December 20, 2021Shares of realty company Shriram Properties will note on the bourses tomorrow, December 20.
They will be noted both on the National stock market (NSE) and Bombay stock market (BSE).
Counted amongst the top five residential property developers in southern India, Shriram Residence' initial public deal (IPO) was subscribed 4.6 times, with retail investors bidding 12.7 times, while non-institutional and competent institutional investors' parts were subscribed 4.8 and 1.8 times respectively.The IPO had opened for subscription on December 8 and closed on December 10, 2021.
The company had actually introduced the general public problem to raise Rs 600 crore from the primary market.However, in spite of having actually received good membership, the business's shares are trading at a premium of around Rs 10 only in the grey market, according to analysts.They claim that with a number of choices offered in the primary market, financiers have disappointed interest in Shriram Characteristic IPO.Rise in omicron alternative cases in the past number of weeks and the possibility of a possible third wave of Coronavirus associated cases, arriving in the nation, is being called as a significant factor behind the dipping interest in the business's shares in the grey market by investors.
This might have an effect on Shriram Properties' shares' debut on the bourses on Monday, December 20, 2021.