Godrej Properties Ltd - IPO

Godrej Properties Ltd IPO Details

Public issue of 94,29,750 Equity shares of Rs. 10/-each of Godrej Properties Limited (GPL or the Company or the Issuer) where 16,97,345 equity shares were issued for cash at a price of Rs. 530 per equity share (including a share premium of Rs. 520 per equity share) and 77,32,405 equity shares were issued for cash at a price of Rs. 490/- per equity shares (including a share premium of Rs. 480/- per equity share) collectively aggregating to Rs. 468.85 Crores (The Issue). The issue will constitute 13.50% of the post issue paid up capital of the comapny.The Face Value of each equity share is Rs. 10. The Floor price is Rs. 490 and the Cap price was Rs. 530. The Issue price is 49 times the face value at the lower end of the price band and 53 times the face value at the higher end of the price band.

Objective of issue

Acq. of land devl. rights for forthcoming Projects. Construction of our Forthcoming Project. Repayment of Loans. General Corporate Purposes.

Godrej Properties Ltd Contact Details

Godrej Properties Ltd, Plot No 17-24, Vittal Rao Nagar, Madhapur, Hyderabad-500081

Phone - 91-040-44655185/44655000

Fax - 91-040-23420814/23420857

Email - secretarial@godrejproperties.com

Website - www.godrejproperties.com