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.

Godrej Properties IPO Details

IPO Opening Date	Dec 9, 2009
IPO Closing Date	Dec 11, 2009
Issue Type	Book Built Issue IPO
Face Value	₹10 per equity share
IPO Price	₹490 to ₹530 per equity share
Market Lot	13 Shares
Min Order Quantity	13 Shares
Listing At	BSE, NSE
Issue Size	9,429,750 Eq Shares of ₹10 (aggregating up to ₹468.85 Cr)

Godrej Properties IPO Lot Size

The Godrej Properties IPO market lot size is 13 shares. A retail-individual investor can apply for up to 29 lots (377 shares or ₹199,810).

Application	Lots	Shares	Amount (Cut-off)
Minimum	1	13	₹6,890
Maximum	29	377	₹199,810

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 .

Godrej Properties IPO Subscription Status (Bidding Detail)

The Godrej Properties IPO is subscribed 4.00x times on Dec 11, 2009 17:00. The public issue subscribed 0.38x in the retail category, 7.45x in the QIB category, and 0.41x in the NII category. Check Day by Day Subscription Details (Live Status)

Category	IPO Subscription
QIB	7.45x
NII	0.41x
RII	0.38x
Total	4.00x

Godrej Properties IPO Prospectus

› Godrej Properties IPO DRHP
› Godrej Properties IPO RHP
› Godrej Properties IPO Application Form Download

Godrej Properties IPO Rating

143

3.4

Rating:

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Godrej Properties IPO Listing Date

Listing Date	Tuesday, January 5, 2010
BSE Script Code	533150
NSE Symbol	GODREJPROP
Listing In	B Group of Securities
ISIN	INE484J01027
IPO Price	₹490 per equity share
Face Value	₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume

BSE
₹490.00
₹510.00
₹500.00
₹586.70
₹534.55
5,260,628

NSE
₹490.00
₹511.00
₹502.15
₹586.80
₹537.25
8,707,481

Godrej Properties IPO Reviews / Ratings

Angel Broking - Neutral
S P Tulsian - Avoid
SPA Financial Advisor Ltd - Neutral
Swastika Investmart Ltd - Avoid
Amit Nalin Securities Ltd - Subscribe
Sanju Verma - Apply at your own risk

Company Contact Information

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

Godrej Properties IPO Registrar

KFintech Private Limited
   KFintech, Tower-B, Plot No 31 & 32,
   Financial District, Nanakramguda, Gachibowli,
   Hyderabad, Telangana India - 500 032.

Phone: 04067162222, 04079611000
Email: gpl.ipo@karvy.com
Website: https://karisma.kfintech.com/

Godrej Properties IPO Lead Manager(s)

Lead Manager Reports

Godrej Properties IPO FAQs

What is Godrej Properties IPO?

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 equity share. The minimum order quantity is 13 Shares.

The IPO opens on Dec 9, 2009, and closes on Dec 11, 2009.

KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
When Godrej Properties IPO will open?

The Godrej Properties IPO opens on Dec 9, 2009 and closes on Dec 11, 2009.
What is the lot size of Godrej Properties IPO?

Godrej Properties IPO lot size is 13 Shares and the minimum order quantity is 13 Shares.
How to apply for Godrej Properties IPO?

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
When Godrej Properties IPO allotment?

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.
When is Godrej Properties IPO listing date?

The Godrej Properties IPO listing date is on Tuesday, January 5, 2010.

Godrej Properties IPO Message Board

Ranked Members

131. bhavin |Jan 5, 2010 20:59

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 16:09

Sold JSW Energy at 116, Godrej at 581.

129. kedi |Jan 5, 2010 12:51

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 11:35

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

127. Ravi, Bangalore |Jan 5, 2010 11:33

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 11:20

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 10:21

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 09:43

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

123. KIRIT SHAH |Jan 5, 2010 09:02

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 08:45

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 08:29

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 08:12

Now at 575...Muaaaa

119. vaisakh |Jan 5, 2010 08:06

Godrej listed @511

118. lakho ipo king |Jan 4, 2010 23:17

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 21:39

Sell whatever primium you get. It is costly.

116. IPOEXPERT |Jan 4, 2010 19:31

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 19:29

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 17:31

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 17:11

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 12:16

108. K.K.Natarajane

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

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