Quote on Shriram Properties Limited IPO to open tomorrow, what’s GMP? By Mr. Yash Gupta, Angel One Ltd
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/12/6c9dfd83572f575d6ad06d9c169de227.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below is quote on Shriram Properties Limited IPO to open tomorrow, what’s GMP? By Mr. Yash Gupta, Equity Research Analyst, Angel One Ltd
Shriram Properties Limited IPO to open tomorrow i.e 8th December 2021 with a total issue size of ₹600 crores, which includes a fresh issue of ₹250 crores and an offer for sale of ₹350 crores. As per the different market reports grey market premium (GMP) is fluctuating between ₹20-₹25 since the announcement of the IPO. If we look at the financials of the company, the numbers don’t look good, company has reported degrowth of 20.7% in revenue from the operation and reported a negative profit after tax of ₹60 crores. If we look at valuations, IPO has been priced at price to book value of 2.27 times and peers like Sobha Limited, Prestige are trading at price to book value of around 3 times. We have a positive outlook on Shriram Properties Limited IPO.
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/insurance 123.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Wipro.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/2b1715f7e03b51b0ac9c014eb224fc1f.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/gdp22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Dollar retures 2.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/health22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Arvind Kapil, MD and CEO, Poonawalla Fincorp.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/stock8.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/6b3c1a932eecc597e7ebc63801f5c2dc.jpg)
Quote on Silver : Silver price falls in recent weeks Says Prathamesh Mallya, Angel One
![Bank Nifty Write Up : In this scenario, immediate support is found at levels around 45000 to 44900 Says Mr. Rajesh Bhosale, Angel One](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/052de8b6a271b140ab7a7b65c5f180c9.jpg)
![Market Wrap-Up : Bulls on a roll; Nifty set for the 20K milestone Says Mr. Osho Krishan, Angel One Ltd.](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/c3b473fde94c5c2a730f44acc4341955.jpg)
![Commodity Quote on Base Metals (Copper) by Mr. Saish Sandeep Sawant Dessai, Angel One Ltd](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/6208478cde315d3c636b81253e95bd4b.jpg)