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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.
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.
| 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) |
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 |
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 .
The Godrej Properties IPO is subscribed 4.00 times on Dec 11, 2009 17:00. The public issue subscribed 0.38 in the retail category, 7.45 in the QIB category, and 0.41 in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 7.45 |
| NII | 0.41 |
| RII | 0.38 |
| Total | 4.00 |
| 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 |
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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
KFintech Private Limited
Phone: 04067162222, 04079611000
Email: gpl.ipo@karvy.com
Website: https://karisma.kfintech.com/
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.
The Godrej Properties IPO opens on Dec 9, 2009 and closes on Dec 11, 2009.
Godrej Properties IPO lot size is 13 Shares and the minimum order quantity is 13 Shares.
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.
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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