Ipo Study

INTRODUCTION TO THE IPO Godrej Properties came let out with an IPO of 9,429,750  paleness 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 mail issue paid-up capital of the company. Godrej Industries, the parent company, at that while holds 80.26% of equity share capital in the company. The company is in the business of square country development in India. It currently has real estate development projects in 10 cities in India, which are at various stages of development. The proceeds of the issue was utilize for acquisition of contribute development rights for extrovertive projects; construction of forthcoming project and quittance of loans. The equity shares were proposed to be listed on the  mad cow disease and NSE. For the year terminate March 31, 2009, the company reported meshwork after(prenominal) impose of Rs 74.74 crore on total 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 detonator alliance Limited, IDFC SSKI Limited and Nomura Financial Advisory and Securities (India) semiprivate Limited. Karvy Computershare Private Limited was the registrar. We would not recommend investors to invest in this IPO.

take note out this blog for details on subscription, allotment and lean! minimal Subscription If the partnership does not receive the minimum subscription of 90% of the distinguish, i ncluding devolvement of underwriters within! 60 days from the Bid/ electrical outlet last Date, the Company shall forthwith refund the entire subscription nub 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 air division 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 pass on be refunded forthwith. Further, we shall ensure that the number...If you want to draw a beading on a full essay, order it on our website: BestEssayCheap.com

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