Below is the Pre-listing comment on Shriram Properties IPO By Mr. Aayush Agrawal, Sr. Analyst, Swastika Investmart Ltd
Although the company has a strong brand name in South India, during COVID when real estate was booming, they suffered losses. Sriram Properties has an MCAP/Sales ratio of 4.6x while its peers Sobha, Puravankara, and Prestige offer 3.8x, 3.3x, and 2.4x respectively. The grey market premium currently trades between 8-10%, but given the current market conditions, we...
Pre-listing comment on Shriram Properties IPO By Mr. Aayush Agrawal, Swastika Investmart Ltd