Bookbuilding IPO | ₹469 Cr | Listed at BSE, NSE | Wed, Dec 9, 2009 - Fri, Dec 11, 2009
Godrej Properties IPO is a book build issue of ₹468.85 crores. The issue is entirely a fresh issue of 0.94 crore shares of ₹468.85 crore.
Godrej Properties IPO bidding started from Dec 9, 2009 and ended on Dec 11, 2009. The shares got listed on BSE, NSE on Jan 5, 2010.
Godrej Properties IPO price band is set at ₹490 per share. The lot size for an application is 13. The minimum amount of investment required by an retail is ₹6,890 (13 shares) (based on upper price). The lot size investment for sNII is 32 lots (416 shares), amounting to ₹2,03,840, and for bNII, it is 157 lots (2,041 shares), amounting to ₹10,00,090.
ICICI Securities Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Godrej Properties IPO RHP for detailed Information.
IPO Open
Wed, Dec 9, 2009
IPO Close
Fri, Dec 11, 2009
Issue Price
₹490 per share
Market Cap (Pre-IPO)
₹3,422.65 Cr
| IPO Date | 9 to 11 Dec, 2009 |
| Listed on | Tue, Jan 5, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹490 to ₹530 |
| Issue Price | ₹490 per share |
| Lot Size | 13 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 94,29,750 shares (agg. up to ₹469 Cr) |
| Fresh Issue | 94,29,750 shares (agg. up to ₹469 Cr) |
| Share Holding Pre Issue | 6,04,20,259 shares |
| Share Holding Post Issue | 6,98,50,009 shares |
| BSE Script Code / NSE Symbol | 533150 / GODREJPROP |
| ISIN | INE484J01027 |
Godrej Properties IPO comprises a total issue size of 94,29,750 shares. Out of which, 56,57,850 (60.00%) are allocated to QIB, 9,42,975 (10.00%) allocated to NII 28,28,925 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 56,57,850 | 60.00% | NA |
| − Anchor Investor Shares Offered | 16,97,345 | 18.00% | NA |
| − QIB (Ex. Anchor) Shares Offered | 39,60,505 | 42.00% | NA |
| NII (HNI) Shares Offered | 9,42,975 | 10.00% | NA |
| Retail Shares Offered | 28,28,925 | 30.00% | 2,17,609 |
| Total Shares Offered | 94,29,750 | 100.00% |
Investors can bid for a minimum of 13 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 13 | ₹6,370 |
| Retail (Max) | 31 | 403 | ₹1,97,470 |
| S-HNI (Min) | 32 | 416 | ₹2,03,840 |
| S-HNI (Max) | 156 | 2,028 | ₹9,93,720 |
| B-HNI (Min) | 157 | 2,041 | ₹10,00,090 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Acquisition of land development rights for our Forthcoming Projects | 444.82 |
| 2 | Construction of our Forthcoming Project | 100.84 |
| 3 | Repayment of loans | 172.00 |
| KPI | |
|---|---|
| RoNW | 25.33% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 96.87% | 83.78% |
| Market Cap | ₹3,422.65 Cr. |
The Godrej Properties IPO is subscribed 4 times on December 11, 2009 5:00:00 PM (Day 3). The public issue subscribed 0.38 times in the retail category, 7.45 times in the QIB category, and 0.41 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 7.45 | 39,60,505 | |
| NII | 0.41 | 9,42,975 | |
| Retail | 0.38 | 28,28,925 | |
| Total | 4 | 77,32,405 |
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 .
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹490.00 | ₹490.00 |
| Open | ₹510.00 | ₹511.00 |
| Low | ₹500.00 | ₹502.15 |
| High | ₹586.70 | ₹586.80 |
| Last Trade | ₹534.55 | ₹537.25 |
Godrej Properties IPO is a main-board IPO of 94,29,750 equity shares of the face value of ₹10 aggregating up to ₹469 Crores. The issue is priced at ₹490 per share. The minimum order quantity is 13.
The IPO opens on Wed, Dec 9, 2009, and closes on Fri, Dec 11, 2009.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Godrej Properties IPO using UPI as a payment gateway. Zerodha customers can apply in Godrej Properties IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Godrej Properties IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Godrej Properties IPO opens on Wed, Dec 9, 2009 and closes on Fri, Dec 11, 2009.
Godrej Properties IPO lot size is 13, and the minimum amount required for application is ₹6,370.
You can apply in Godrej Properties IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The Godrej Properties IPO listing date is on Tue, Jan 5, 2010.
