Shriram Properties is a residential property developer focused on the mid-market and affordable housing segment. : Shriram Properties (SPL), the real estate arm of the Shriram Group, has filed an offer document with market regulator Securities and Exchange Board of India (Sebi). The company is looking to raise Rs 2.5 billion through initial public offering (IPO). The offering will also comprise secondary share sale by private equity players such as Omega TC Sabre Holdings, Tata Capital and TPG Asia. Shriram Properties also plans to make a pre-IPO placement worth Rs 1 billion.