{"id":5970,"date":"2021-12-09T13:24:04","date_gmt":"2021-12-09T07:54:04","guid":{"rendered":"https:\/\/www.tickertape.in\/blog\/?p=5970"},"modified":"2021-12-09T13:35:31","modified_gmt":"2021-12-09T08:05:31","slug":"shriram-ipo-subscription","status":"publish","type":"post","link":"https:\/\/www.tickertape.in\/blog\/shriram-ipo-subscription\/","title":{"rendered":"Shriram Properties IPO Subscribed 89% on Day 1"},"content":{"rendered":"\n<p><a href=\"https:\/\/www.tickertape.in\/blog\/shriram-properties-ipo\/?utm_source=blog&amp;utm_medium=article\">Shriram Properties IPO<\/a> received an overwhelming reaction from investors on the first day of the bidding process. Thanks to the retail investors who purchased 4.85x the allotted shares, Shriram Properties <a href=\"https:\/\/www.tickertape.in\/blog\/ipo-investment\/\">IPO<\/a> subscribed at 89% on day 1 of the issue.&nbsp;<\/p>\n\n\n\n<p>More than 2.56 cr. shares were acquired by retail investors, which is more than four times the allocated 52.83 lakh shares.&nbsp;<\/p>\n\n\n\n<p>Shriram Properties said on Tuesday that it has secured a little more than Rs. 268 cr. from anchor investors ahead of its inaugural share sale. According to a BSE circular, the business chose to distribute 2,27,66,949 <a href=\"https:\/\/www.tickertape.in\/blog\/what-is-equity\/\">equity<\/a> shares to anchor investors at Rs. 118 each, valuing the transaction at Rs. 268.64 cr.&nbsp;<\/p>\n\n\n\n<p>Among the anchor investors are BNP Paribas Arbitrage, Societe Generale, <a href=\"https:\/\/www.tickertape.in\/stocks\/sbi-life-insurance-company-SBIL?&amp;utm_source=blog&amp;utm_medium=article\" target=\"_blank\" rel=\"noreferrer noopener\">SBI Life Insurance Co. Ltd.<\/a>, <a href=\"https:\/\/www.tickertape.in\/stocks\/hdfc-life-insurance-company-HDFL?&amp;utm_source=blog&amp;utm_medium=article\" target=\"_blank\" rel=\"noreferrer noopener\">HDFC Life Insurance Company<\/a>, Sundaram Mutual Fund (MF), Aditya Birla Sun Life MF, and HDFC MF.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amid the IPO boom, Shriram IPO which opened for subscription on 8 December 2021, received 89% of the subscription on its first day.<\/p>\n","protected":false},"author":54,"featured_media":5875,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[10,1744],"tags":[208,1058,1059,1057],"acf":[],"modified_by":"Ayushi Mishra","jetpack_featured_media_url":"https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2021\/12\/14.png?wsr","_links":{"self":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/5970"}],"collection":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/users\/54"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/comments?post=5970"}],"version-history":[{"count":2,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/5970\/revisions"}],"predecessor-version":[{"id":5972,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/5970\/revisions\/5972"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media\/5875"}],"wp:attachment":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media?parent=5970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/categories?post=5970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/tags?post=5970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}