Shriram Properties files draft papers for Rs 800 crore IPO
Shriram Properties has proposed partial exits to its four existing investors -- TPG Capital, Tata Capital, Walton Street Capital, and Starwood Capital, which hold around 58 per cent stake in the company
PTI | April 10, 2021 | Updated 22:54 IST
Bengaluru-based Shriram Properties has filed a Draft Red Herring Prospectus (DRHP) with the market regulator to raise up to Rs 800 crore through an Initial Public Offer (IPO).
Out of the total IPO size, it plans to raise Rs 250 crore through fresh issue of equity shares and Rs 550 crore through offer for sale.
Shriram Properties has proposed partial exits to its four existing investors -- TPG Capital, Tata Capital, Walton Street Capital, and Starwood Capital, which hold around 58 per cent stake in the company.