Business Standard

Wednesday, January 08, 2025 | 07:51 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Shriram Properties planning to launch IPO after Union Budget, this year

The company has an approval to raise around Rs 1250 crore through primary and secondary markets

IPO, markets
Premium

Representative image

Gireesh Babu Chennai
Shriram Properties, the real estate arm of Shriram Group, has said that it will go for an Initial Public Offer (IPO) after the Union Budget, this year. The company is planning to raise Rs 750-800 crore through the IPO. 
 
The proposed IPO is expected to mobilise money for company's future expansion and will help investors partially dilute the stake.

"Stock market has been going through rough weather for some period now. Large caps are doing well, while mid- and small-caps are struggling. We expect the budget is going to be a great one. Immediately after the budget we will look

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in