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Godrej Properties Limited IPO (Godrej Properties IPO) Detail

Dec 9, 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 9, 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 9, 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 

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 9, 2009 8:40:40 AM
    Godrej Properties IPO fully subscribed on its first day
  6. Thursday, December 3, 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

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   IPO Reviews  |  IPO Gradings

Godrej Properties IPO Listing Date

Listing Date:Tuesday, January 5, 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


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Godrej Properties IPO Messages (Godrej Properties IPO Comments)

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131. bhavin  Jan 5, 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 5, 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 5, 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 5, 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 5, 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 5, 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 5, 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 5, 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 5, 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 5, 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 5, 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 5, 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 5, 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 5, 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 4, 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 4, 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 4, 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 4, 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 4, 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 4, 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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