Godrej Properties IPO : Listing date announced

by khalid on 31/12/2009 · 0 comments

godrej properties

Godrej Properties is a Mumbai based real estate company. Godrej Properties has fixed its IPO (initial public offering) listing date as 5th Jan 2010. The company has fixed its offer price for its IPO of 9.4 million equity shares at Rs 490 per share at the lower end of its price band of Rs 490/ Rs 530 per share. The IPO was open for subscription between 9th to 11th Dec 2009.

IPO Listing Detail :
Listing Date: 5th January 2010
BSE Code: 533150
Listing In: B Group
ISIN: INE484J01019
Issue Price: Rs. 490.00 Per Share
Face Value: Rs. 10.00 Per Share

This IPO proceeds will be used for acquisition of land development rights for forthcoming projects, construction of forthcoming projects and repayment of loans.

ICICI Securities and Kotak Mahindra are bankers to the issue. Godrej Industries currently holds 80.3% in GPL.

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