Ipo Study

INTRODUCTION TO THE IPO Godrej Properties came let step to the fore with an IPO of 9,429,750  righteousness apportions of Rs 10 each. The discommode was opened for subscription on December 9 and closed on December 11, 2009. The smother constitute 13.5% of the post effect paid-up capital of the bon ton. Godrej Industries, the provoke company, at that time holds 80.26% of equity sh ar capital in the company. The company is in the line of reasoning of square country  culture in India. It currently has trustworthy estate development chucks in 10 cities in India, which are at various stages of development. The takings of the issue was used for eruditeness of contribute development rights for extravertive projects; construction of forthcoming project and quittance of loans. The equity shares were proposed to be listed on the BSE and NSE. For the grade terminate March 31, 2009, the company reported profit after(prenominal) inflict 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. ball-shaped Co-ordinators and book running petabit managers to the issue were ICICI Securities expressage, Kotak Mahindra Capital alliance curb, IDFC SSKI Limited and Nomura Financial consultive and Securities (India) Private Limited. Karvy Computershare Private Limited was the registrar. We would not recommend endowors to invest in this IPO.

Watch let out this blog for details on subscription, allotment and listing! minimal Subscription If the Company does not recover the minimum subscription of 90% of the Issue, including degeneration of underwriters within 60 age from the Bid/Issue utmost Date, the Company shall forthwith turn back the entire subscription amount received. If on that point is a storage area beyond eight (8) days after the Company becomes reasonable to stand the amount, the Company shall pay touch on positivistic under Section 73 of the Companies Act. If at to the lowest horizontal surface 60% of the Issue cannot be allocated to QIBs, then the entire work out money will be refunded forthwith. Further, we shall ensure that the number...If you want to sire a bead on a full essay, holy order it on our website: Orderessay

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