Post listing view on Shriram Properties IPO By Mr. Santosh Meena, Swastika Investmart Ltd
Below is the Post listing view on Shriram Properties IPO by Mr. Santosh Meena, Head of Research, Swastika Investmart Ltd
The IPO saw a muted demand on the back of losses where other real estate companies were booming in the last two years. In the upcoming years, real estate is likely to perform better, and only aggressive investors are advised to look at Shriram Properties, while others can opt for Sobha, Prestige, or Brigade.
The IPO got listed at Rs 90 apiece which is a 23.73% discount to the issue price of Rs 118. Investors who are aggressive in their investing can hold the stock for the long term while short-term investors should take a stop loss of Rs. 80 on a closing basis.
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