Thursday, December 3, 2009

Godrej Properties Ltd IPO opening on Dec 09 to Dec 11

The initial public offering (IPO) of Godrej Properties Limited will hit the market between December 09, 2009 to December 11, 2009. Godrej Properties Limited 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.

Godrej Properties is entering in the capital markets with an initial public offering, IPO of 9,429,750 Equity Shares for cash, at a premium to be decided through a 100% Book Built Issue. The price band for the issue has been fixed at Rs 490/- at lower level and Rs 530/- at upper level for equity share of Rs 10/-. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

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.

Detailed information is now available on Godrej Properties Ltd IPO information page.

Important Links:

Godrej Properties Limited IPO
Godrej Properties IPO Allotment Status
GPL IPO Listing Date