Company says issue proceeds to be utilised for paring debt Shriram Properties Ltd. (SPL), a realty firm focussed on the mid-market and affordable housing categories, filed a draft red-herring prospectus with the Securities and Exchange Board of India to raise about ₹800 crore through an initial public offering (IPO). The IPO would comprise a fresh issue of ₹250 crore and an offer for sale (OFS) of up ₹550 crore by current shareholders and promoters. The OFS would comprise sale of shares worth ₹147.1 crore by Omega TC Sabre Holdings, ₹13 crore by Tata Capital Financial Services, ₹148.9 crore by TPG Asia SFV Pte Ltd., ₹216 crore by WSI/WSQI V (XXXII) Mauritius Investors Ltd. and ₹25 crore by other selling shareholders, said SPL.