Shriram Properties IPO updates: The maiden... ... Market Live Updates Today: Trends on SGX Nifty indicate a cautious opening for the broader indices in India with a loss of 17 points.

Shriram Properties IPO updates:

The maiden public offer of Shriram Properties, the south-based real estate developer, has received bids for 5.37 crore equity shares against the IPO size of 2.93 crore equity shares, subscribed 1.83 times on the final day.

The issue continued to get healthy response from retail investors, whose reserved portion was subscribed 9.43 times, while the part set aside for employees was booked 98 percent. Non-institutional investors have put in bids for 22 percent shares of their reserved portion, and qualified institutional buyers (QIBs) have bid for 12 percent.