Godrej is one of the most popular companies and it was incorporated in 1990. Here you can get the information of Godrej properties Limited IPO and allotment status, listing & refund of Godrej IPO. The base of Godrej Properties Limited (GPL) is in Mumbai, Maharashtra. Godrej Properties Ltd has set the price band of Rs 500-crore initial public offer (IPO) between Rs 490 and Rs 530 per equity share.
Public issue will open between December 9 to 11 and the face value of the shares is Rs 10. Godrej Properties is endorsed by Godrej Industries and Godrej & Boyce Manufacturing Company and it plans to use proceeds from the issue mostly to purchase land and to repay debt.
Objects of the Issue: The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to
- General Corporate Purposes
- Acquisition of land development rights for Forthcoming Projects
- Construction of their Forthcoming Project
- Repayment of loans
Issue Detail:
Issue Open: Dec 09, 2009 - Dec 11, 2009
Issue Type: 100% Book Built Issue IPO
Issue Size: 9,429,750 Equity Shares of Rs. 10
Issue Size: Rs. 462.06 - 499.78 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
Allotment status is up coming. You can check allotment status, listing & refund of Godrej IPO at www.chittorgarh.com.
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Before you buy
Anonymous — Sat, 12/12/2009 - 20:11High 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.