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  • Godrej Properties Limited IPO (Godrej Properties IPO) Detail

    Dec 09, 2009 - Dec 11, 2009        
      
       

    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.

    Objects of the Issue:

    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.

    Issue Detail:

      »»  Issue Open: Dec 09, 2009 - Dec 11, 2009
      »»  Issue Type: 100% Book Built Issue IPO
      »»  Issue Size: 9,429,750 Equity Shares of Rs. 10
      »»  Issue Size: Rs. 468.85 Crore
      »»  Face Value: Rs. 10 Per Equity Share
      »»  Issue Price: Rs. 490 - Rs. 530 Per Equity Share
      »»  Market Lot: 13 Shares
      »»  Minimum Order Quantity: 13 Shares
      »»  Listing At: BSE, NSE

    Godrej Properties Ltd GPL IPO Grading / Rating

    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 .

    Issue Subscription Detail / Current Bidding Status

    Number of Times Issue is Subscribed (BSE + NSE)
    As on Date & TimeQualified Institutional Buyers (QIBs)Non Institutional Investors (NIIs)Retail Individual Investors (RIIs)Total
    Shares Offered / Reserved 3,960,505  942,975  2,828,925  7,732,405 
     Day 1 - Dec 09, 2009 17:00 IST 2.3907 0.0074 0.0206 1.2300 
     Day 2 - Dec 10, 2009 17:00 IST 2.4261 0.0543 0.0833 1.2800 
     Day 3 - Dec 11, 2009 17:00 IST 7.4494 0.4090 0.3753 4.0000 

    New Compare Stock Brokers in India

    Comparison Grid  |  ICICIDirect Vs HDFC Securities  |  Zerodha Vs Ventura  |  Sharekhan Vs Angel Broking

             

    Godrej Properties IPO News Alerts

    1. Wednesday, December 30, 2009 8:16:26 AM
      IPO Listing - Godrej Properties Limited
    2. Thursday, December 24, 2009 7:47:39 AM
      IPO Allotment - Godrej Properties Limited
    3. Friday, December 11, 2009 9:28:22 AM
      Godrej Properties Ltd IPO finally subscribed 4 times
    4. Thursday, December 10, 2009 8:10:12 AM
      Godrej Properties IPO subscribed 1.28 times on its day 2
    5. Wednesday, December 09, 2009 8:40:40 AM
      Godrej Properties IPO fully subscribed on its first day
    6. Thursday, December 03, 2009 9:21:57 AM
      Upcoming IPO - Godrej Properties Limited

    Godrej Properties IPO Rating

       Rating: 3.4
    143
    3.4
    Rating:Rated 3.4 stars

    Vote Here ...

       IPO Reviews  |  IPO Gradings

    Godrej Properties IPO Listing Date

    Listing Date:Tuesday, January 05, 2010
    BSE Scrip Code:533150
    NSE Symbol:GODREJPROP
    Listing In:B Group
    Sector:Real Estate
    ISIN:INE484J01019
    Issue Price:Rs. 490.00 Per Equity Share
    Face Value:Rs. 10.00 Per Equity Share

    Listing Day Trading Information

    BSE
    Issue Price:Rs. 490.00
    Open:Rs. 510.00
    Low:Rs. 500.00
    High:Rs. 586.70
    Last Trade:Rs. 534.55
    Volume:5,260,628
    NSE
    Rs. 490.00
    Rs. 511.00
    Rs. 502.15
    Rs. 586.80
    Rs. 537.25
    8,707,481

    Godrej Properties IPO Prospectus

    Company Contact Information

    Registered Office :
        Godrej Bhavan 4th Floor,
        4A Home Street Fort,
        Mumbai - 400007, Maharashtra, India
    Phone: 91-22-66510200
    Fax: 91-22-22072044
    Email: secretarial@godrejproperties.com
    Website: http://www.godrejproperties.com

    Godrej Properties IPO Registrar

    Karvy Computershare Private Limited   »  Report
       Karvy House, 46, Avenue 4, Street No. 1,
       Banjara Hills, Hyderabad - 500 034
       Andhra Pradesh, India

    Phone: +91-40-23312454
    Fax: +91-40-23311968
    Email: gpl.ipo@karvy.com
    Website: http://karisma.karvy.com

    Godrej Properties IPO Messages (Godrej Properties IPO Comments)

      Post New Message ...  

    131. bhavin  Jan 05, 2010 9:59:11 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    bhavin's - IPO Comments,  Public Profile

    kyu bhai log...analyst logo ne tum log ko MAMA banaya..aur khud chap liya..ha ha ha they fooled retail investors

     

    130. Pml  Jan 05, 2010 5:09:05 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    Pml's - IPO Comments,  Public Profile

    Sold JSW Energy at 116, Godrej at 581.

     

    129. kedi  Jan 05, 2010 1:51:04 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    kedi's - IPO Comments,  Public Profile

    MUMBAI (Reuters) - Infinite Computer Solutions (India) Ltd said on Tuesday it has fixed a price band of 155-165 rupees a share for its initial public offering (IPO) of 11.5 million shares to raise up to 1.9 billion rupees.

    Existing shareholders will offload 5.77 million shares, while another 5.7 million shares will be issued as fresh equity, resulting in equity dilution of 26.17 percent, the company said in a statement.

    The publi offer of the IT services provider will be launched on January 11 and will remain open till January 13, it added.

    SPA Merchant Bankers and India Infolinie Ltd are the bankers for the issue.

     

    128. Ravi, Bangalore  Jan 05, 2010 12:35:26 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    Ravi, Bangalore's - IPO Comments,  Public Profile

    Post No.128. Only intra-day call. Not for positional trade.

     

    127. Ravi, Bangalore  Jan 05, 2010 12:33:54 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    Ravi, Bangalore's - IPO Comments,  Public Profile

    Godrej Properties 538- Below 538, 531-530 area, 528-525 area or even 522. Stop-loss 542.

    If stop-loss is breached, 544 / 547.

    Initiate trade only if dips below 538. Don't short above 538.

     

    126. Ravi, Bangalore  Jan 05, 2010 12:20:51 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    Ravi, Bangalore's - IPO Comments,  Public Profile

    123. CONTRA THINK

    Speculating listing price carries too much risk. When valuation is high, risk-reward ratio would not be favourable. Consider around 15 IPOs which are fundamentally over-valued in this bull-market cycle, had you applied to all, investors could be sitting at loss.

    Preserving capital is utmost important in market.

    However, if you take a view (whether fundamental or technical or momentum) post-listing, a good trader can make quick profit in very less time.

    I reiterate that applying to high valued IPOs carries high risk & risk-reward ratio will not be favourable. Investors loose more than they make.

     

    125. TR  Jan 05, 2010 11:21:41 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    TR's - IPO Comments,  Public Profile

    AT 535 NOW LOOKS WILL FALL BELOW ISSUE PRICE SOON. SELL IMMEDIATELY FOR THES MEAGRE PROFIT OTHERWISE IT WILL BE IN BIG LOSS

     

    124. BD  Jan 05, 2010 10:43:44 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    BD's - IPO Comments,  Public Profile

    Book profit.Try to pick around @ Rs.450/-

     

    123. KIRIT SHAH  Jan 05, 2010 10:02:28 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    KIRIT SHAH's - IPO Comments,  Public Profile

    no. 90 ravi, bangalore . good day for me. u asked me for sweets if i make profit in this ipo. price is rs. 560/ justnow a cool premium of rs. 70/

     

    122. CONTRA THINK  Jan 05, 2010 9:45:05 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    CONTRA THINK's - IPO Comments,  Public Profile

    Hi all
    This is what I had posted on 12th Decr immediately after the issue closed.How prophetic it has become.

    contra think Dec 12, 2009 9:45:31 AM IST @58
    HI,
    The issue has hardly found favour with retail and non instnl investors.
    Their under subscribed portion will be allotted to QIBs.

    With less number of shares with small guys(retail) and no pressure from the NII's who would need to make a quick get away from all IPOs, there is a distinct possibility that the share will not fall drastically below offer price.
    In fact may see some gains.

    Also factor in the Godrej name.
    Quality institutional applications have come in.

    What do you people feel.
    Contra Thinking??!!

     

    121. prakash ipo  Jan 05, 2010 9:29:00 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    prakash ipo's - IPO Comments,  Public Profile


    WHERE ARE THOSE GUYS ?

    WERE SAYING THIS WILL LIST

    IN BETWEEN / BELOW

    Rs.400/Rs.300

    THEY DON'T KNOW

    AND MIS-GUIDE TO BOARDERS.

    .

     

    120. Gangu  Jan 05, 2010 9:12:25 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    Gangu's - IPO Comments,  Public Profile

    Now at 575...Muaaaa

     

    119. vaisakh  Jan 05, 2010 9:06:15 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    vaisakh's - IPO Comments,  Public Profile

    Godrej listed @511

     

    118. lakho ipo king  Jan 05, 2010 12:17:45 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    lakho ipo king's - IPO Comments,  Public Profile

    godrej ipo hni and reatailar portion underscriber.so most of share given to qib. therefor one game show. so it will listed at 522. and then it will go up.

     

    117. BD  Jan 04, 2010 10:39:32 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    BD's - IPO Comments,  Public Profile

    Sell whatever primium you get. It is costly.

     

    116. IPOEXPERT  Jan 04, 2010 8:31:11 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    IPOEXPERT's - IPO Comments,  Public Profile

    DLF 35 P/E
    PARSVNATH 27 P/E
    HDIL 16 P/E
    KOLTE PATIL DEVELOPERS 15 P/E
    ALL LARGER PLAYERS THAN GODREJ PROPERTIES

    GODREJ PROP PRICED AT SURPRISING 35 P/E WOW KUDOS TO ITS MERCHANT BANKERS

     

    115. ipoexpert  Jan 04, 2010 8:29:05 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    ipoexpert's - IPO Comments,  Public Profile

    Hi Prakashipo

    on what basis you say it will list at 520 rs.
    check urself reality stocks comparing with same player kolte patil developer avaialble at 15 p/e,hdil much bigger player available at 16 p/e ,pasvnath much much larger player having pan india presence available at 26 p/e

    My friends Godrej properties priced it at 35 p/e so why should this stock not trade at 15-16 p/e as compared to its peers which makes its fair value at 250 rs .

    DLF largest company in real estate in whole asia is avaialbel at 35 p/e and is considered expensive and no comparision with dlf

     

    114. prakash ipo  Jan 04, 2010 6:31:48 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    prakash ipo's - IPO Comments,  Public Profile

    THIS
    WILL
    LIST
    @ Rs.510 TO Rs.520
    IT IS SURE
    I WILL DISCUSS AFTER LISTING



    WHO COULD'NT APPLIED
    THEY ARE SAYING GRAPES ARE SOUR.

     

    113. ipoexpert  Jan 04, 2010 6:11:58 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    ipoexpert's - IPO Comments,  Public Profile

    All reality stocks are down their issue price.
    even today when markets are up and lot of stocks going up 5-10%(fertilizer sector) there is no recovery in reality stocks.

    this stock will have heavy sellers tommorrow and there is no lic or sbi to save this stock as was the case with jsw energy.
    stock to fall heavily after listing to 380 rs and will be available at 250 rs after some time same of what happened to other reality stock.
    instaed buy stocks like cox and kings,nhpc from secondary marekt from listed ipos rather than godrej property with no land bank and just on paper stock

     

    112. Ravi, Bangalore  Jan 04, 2010 1:16:30 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    Ravi, Bangalore's - IPO Comments,  Public Profile

    108. K.K.Natarajane

    Post No. 103 is not mine. Thanks for bring to my notice.

     

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