Invest in Godrej Properties IPO : Amit Nalin Securities

by khalid on 05/12/2009 · 1 comment

godrej properties

Amit Nalin Securities is of the view that investors can apply for Godrej Properties IPO. The IPO of Godrej Properties will open for subscription on 9th December 09 and will close on 11th December 09. There will be 9429750 shares of Rs 10 each for the subscription.

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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VJ December 12, 2009

High Price. Don’t Invest by Brand “Godrej”. Check customer satisfaction & profit earning capability. I’m the customer and suffering by buying “Woodsman Estate” property of Godrej in Bangalore, which is making loss. But half of the flats are empty and not finished. very poor quality & poor customer care.

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