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Godrej Properties IPO is a book built issue of Rs 468.85 crores.
Godrej Properties IPO bidding started from December 9, 2009 and ended on December 11, 2009. The shares got listed on BSE, NSE on January 5, 2010.
Godrej Properties IPO price band is set at ₹490 to ₹530 per share. The minimum lot size for an application is 13 Shares. The minimum amount of investment required by retail investors is ₹6,890.
ICICI Securities Limited, Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd), Kotak Mahindra Capital Company Limited and Nomura Financial Advisory And Securities (India) Pvt Ltd are the book running lead managers of the Godrej Properties IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Godrej Properties IPO RHP for detailed information.
| IPO Date | December 9, 2009 to December 11, 2009 |
| Listing Date | January 5, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹490 to ₹530 per share |
| Lot Size | 13 Shares |
| Total Issue Size | 9,429,750 shares (aggregating up to ₹468.85 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 60,420,259 |
| Share holding post issue | 69,850,009 |
Godrej Properties IPO offers 7,732,405 shares. 3,960,505 (51.22%) to QIB, 942,975 (12.20%) to NII, 2,828,925 (36.59%) to RII. 217,609 RIIs will receive minimum 13 shares and (sNII) and (bNII) will receive minimum 390 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 3,960,505 (51.22%) | NA |
| NII (HNI) Shares Offered | 942,975 (12.20%) | |
| Retail Shares Offered | 2,828,925 (36.59%) | 217,609 |
| Total Shares Offered | 7,732,405 (100%) |
Investors can bid for a minimum of 13 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 13 | ₹6,890 |
| Retail (Max) | 29 | 377 | ₹199,810 |
| Lot Size Calculator | |||
| Share Holding Pre Issue | 96.87% |
| Share Holding Post Issue | 83.78% |
Incorporated in 1990, Godrej Properties Limited (GPL) is one of the leading real estate development companies in India based in Mumbai, Maharashtra. Godrej Properties currently have real estate development projects in 10 cities in India, which are at various stages of development. Company's business focuses on residential, commercial and township developments.
Godrej Properties parent company, Godrej Industries Limited, currently holds 80.26% of their equity share capital. Godrej Industries Limited is the listed flagship company of the Godrej group of companies.
Godrej Properties entered into their first project in 1991. Initially their operations is in the Mumbai Metropolitan region and later expanded to other cities such as Pune, Bengaluru, Kolkata, Hyderabad, Ahmedabad, Mangalore, Chandigarh, Chennai and Kochi. As of October 15, 2009, they have completed a total of 23 projects comprising 16 residential and seven commercial projects, aggregating approximately 5.13 million sq. ft. of Developable Area.
| KPI | Values |
|---|---|
| RoNW | 25.33% |
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
1. Acquisition of land development rights for Forthcoming Projects;
2. Construction of their Forthcoming Project;
3. Repayment of loans; and
4. General Corporate Purposes.
The Godrej Properties IPO is subscribed 4.00 times on December 11, 2009 5:00:00 PM. The public issue subscribed 0.38 times in the retail category, 7.45 times in the QIB category, and 0.41 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 7.45 |
| NII | 0.41 |
| Retail | 0.38 |
| Total | 4.00 |
ICRA has assigned a 'ICRA IPO Grade 4' [Grade Four] to the proposed IPO issue of Godrej Properties Ltd (GPL). 'ICRA IPO Grade 4' indicates above average fundamentals. ICRA assigns IPO grades on a scale of Grade 5 to Grade 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the ICRA IPO Grading Document for Godrej Properties Ltd .
| Listing Date | January 5, 2010 |
| BSE Script Code | 533150 |
| NSE Symbol | GODREJPROP |
| ISIN | INE484J01027 |
| Final Issue Price | ₹490 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹490.00 |
| ₹510.00 |
| ₹500.00 |
| ₹586.70 |
| ₹534.55 |
| NSE |
|---|
| ₹490.00 |
| ₹511.00 |
| ₹502.15 |
| ₹586.80 |
| ₹537.25 |
Godrej Properties Limited
Godrej Bhavan 4th Floor,
4A Home Street Fort,
Mumbai - 400007, Maharashtra, India
Phone: 91-22-66510200
Email: secretarial@godrejproperties.com
Website: http://www.godrejproperties.com
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: gpl.ipo@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
Godrej Properties IPO is a main-board IPO of 9,429,750 equity shares of the face value of ₹10 aggregating up to ₹468.85 Crores. The issue is priced at ₹490 to ₹530 per share. The minimum order quantity is 13 Shares.
The IPO opens on December 9, 2009, and closes on December 11, 2009.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Godrej Properties IPO opens on December 9, 2009 and closes on December 11, 2009.
Godrej Properties IPO lot size is 13 Shares, and the minimum amount required is ₹6,890.
You can apply in Godrej Properties IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Godrej Properties IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Godrej Properties IPO allotment status.
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