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Below is quote on Shriram Group announced IPO of Shriram Properties Limited By Mr. Yash Gupta, Equity Research Analyst, Angel One Ltd

Shriram Properties incorporated in 2000, is one of the leading players in the residential real-estate market of South India. For Shriram Properties Bangalore and Chennai are the key markets along with that company operates in Coimbatore, Visakhapatnam, and Kolkata. Shriram Properties mainly focus on mid-market and affordable housing segment, having some projects in luxury housing also. Along with residential housing companies having presence in commercial office space also. As of Q2FY22, the company completed more than 29 projects and had a total portfolio of more than 25 projects with a total 46.72 Mn Sq Ft of salable area. We have a positive outlook towards Shriram Properties Limited IPO.

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