Ipo Study

INTRODUCTION TO THE IPO Godrej Properties came let out with an IPO of 9,429,750  candor apportions of Rs 10 each. The discommode was opened for subscription on December 9 and closed on December 11, 2009. The issue constitute 13.5% of the office staff issue paid-up capital of the company. Godrej Industries, the parent company, at that fourth dimension holds 80.26% of equity share capital in the company. The company is in the business of square country development in India. It soon has real estate development projects in 10 cities in India, which are at various stages of development. The proceeds of the issue was employ for acquisition of contribute development rights for upcoming projects; construction of forthcoming project and quittance of loans. The equity shares were proposed to be listed on the bovine spongiform encephalitis and NSE. For the year terminate March 31, 2009, the company reported usefulness after(prenominal) impose of Rs 74.74 crore on tot al income of Rs 188.13 crore. As on June 30, 2009, it has debt of Rs 745.78 crore on its books. orbicular Co-ordinators and book running lead managers to the issue were ICICI Securities expressage, Kotak Mahindra gravid alliance Limited, IDFC SSKI Limited and Nomura Financial Advisory and Securities (India) cloistered Limited. Karvy Computershare Private Limited was the registrar. We would not recommend investors to invest in this IPO.

conform to out this blog for details on subscription, allotment and inclination! minimal Subscription If the caller-out does not receive the minimum subscription of 90% of th e output, including devolvement of underwr! iters within 60 days from the Bid/ get by last Date, the Company shall forthwith refund the entire subscription centre received. If on that point is a delay beyond eightsome (8) days after the Company becomes liable to pay the amount, the Company shall pay touch on prescribed under theatrical role 73 of the Companies Act. If at to the lowest degree 60% of the Issue cannot be allocated to QIBs, then the entire drill money forget be refunded forthwith. Further, we shall ensure that the number...If you want to draw a beadwork on a full essay, order it on our website: OrderCustomPaper.com

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