CONTEMPORARY ISSUE ON SEMINAR A STUDY ON

Session: 2012-13
Presented at

SUBMITTED IN PARTIAL FULFILLMENT TO THE RAJASTHAN UNIVERSITY For the Degree of BACHELOR OF BUSINESS ADMINISTRATION

Submitted By: Yak Khan BBA IV Sem.

Submitted To:Ms. Ekta

Acknowledgement

The beatitude, bliss & euphoria that accompany successful completion any task would not be completed without the expression of appreciation of simple virtues to the people who made it possible. So, I take my immense pleasure in expressing a whole hearted thanks to all the faculty members who guided me all the way making this project successful. It is my privilege to express a deep sense of gratitude and thanks to Ms. Ekta Sharma for providing us various information directly related to project. I am also thankful to Ms...Ekta Sharma..for her guidance & cooperation in this work. I extend my gratitude and thankfulness to Parishkar college of global excellence.

Date: Place: Jaipur

Submitted By: Yakub Khan

Preface

The underlying aim of the seminar on contemporary issue as an integral part of MBA program is to provide the students with practical aspects of the organization working environment. Such type of presentation helps a student to visualize and realize about the congruencies between the theoretical learning in the premises of college and actual followed by the organization. It gives the knowledge of application aspect of the theories learnt in the classroom. The seminar project in Godrej Properties Ltd is a complete experience in itself, which provide me with the understanding. This has become as inspirable of my knowledge of management being learned in MBA program.

Godrej Group is one of the largest conglomerates based in Mumbai, India, involved in various industries that include appliances, precision equipment, machine tools, furniture, healthcare, interior solutions, office equipment, food-processing, security, materials handling and industrial storage solutions, construction and information technology. Its products include security Systems and Safes, Typewriters and Word processors, Rocket Launchers, Refrigerators and Furniture, Outsourcing Services, Machine Tools and Process Equipment, Cosmetics and Detergents, Engineering Workstations, Medical Diagnostics and Aerospace Equipment, Edible Oils and Chemical, Mosquito Repellents, Car perfumes, Chicken and Agri-products, Material Handling Equipments Like FORKLIFT Trucks, Stackers, Tyre handlers, Sweeping machines, access equipments etc. The Group is headed by Mr. Adi Godrej & Mr. Jamshyd Godrej. Traditionally, Vikhroli, a suburb to the Northeast of Mumbai has been Godrej's manufacturing base, but increasingly the group have moved significant production facilities away from Mumbai. The Godrej group also owns vast land in Vikhroli, occupying 3500 acres (14 sq km) of land on both sides of the Vikhroli section of the LBS marg. That makes the Godrej group the biggest private land owner in Mumbai by far. Such vast land can, in theory, be used to create at least 1500 acres of residential floor space, which, at very modest rates (Rs.10000/sq ft), can be sold for USD 16 billion . Thus, the Godrej group is sitting on an invisible cashpile that is envy of other Indian conglomerates.

Timeline

1897 - Godrej & Boyce Mfg. Co. Ltd established 1918 - Godrej Soaps Limited incorporated 1961- Godrej Started Manufacturing Forklift Trucks in India 1971- Godrej Agrovet Limited began as an Animal Feeds division of Godrej Soaps

1974 - Veg oils division in Wadala, Mumbai acquired 1990 - Godrej Properties Limited, another subsidiary, established 1991 - Foods business started 1991 - Godrej Agrovet Limited incorporated 1994 - Transelektra Domestic Products acquired 1995 - Transelektra forged a strategic alliance with Sara Lee USA 1999 - Transelektra renamed Godrej Sara Lee Limited

2001 - Godrej Consumer Products was formed as a result of the demerger of Godrej Soaps Limited. Godrej Soaps renamed Godrej Industries Limited

2002 - Godrej Tea Limited set up 2003 - Entered the BPO solutions and services space with Godrej Global Solutions Limited

2004 - Godrej HiCare Limited set up to provide a Safe Healthy Environment to customers by providing professional pest management services

2006 - Foods business was merged with Godrej Tea and Godrej Tea renamed Godrej Beverages & Foods Limited

2007 - Godrej Beverages & Foods Limited formed a JV with The Hershey Company of North America and the company was renamed Godrej Hershey Foods & Beverages Limited

2008 - Godrej relaunched itself with new colourful logo and a fresh identity music .

Corporate Details
Adi Godrej is the current Chairman of the Godrej Group. Godrej & Boyce Mfg. Co. Ltd. is headed by Mr. Jamshed Godrej. The Group revenue was approximately US$ 1.7 billion in financial year 06/07. Godrej Interio is the flagship company of the group. The Godrej group can be broadly divided into two major holding companies, working independently: 1. Godrej Industries Ltd. 2. Godrej & Boyce Mfg. Co. Ltd.

Achievement

In 1897, Godrej introduced the first lock with lever technology in India. In 1902, Godrej made the first Indian safe.

In 1920, Godrej made soap using vegetable oil, which was a huge hit with the vegetarian community in India

In 1955, Godrej produced India's first indigenous typewriter In 1989, Godrej became the first company to introduce PUF (Polyurethane Foam)

Introduced India's first and only 100% CFC, HCFC, HFC free refrigerators

Awards

GCPL, the Highest Ranked Indian FMCG in Asia's Hot Growth Companies' List by Business Week

Godrej Consumer Products Ltd. has been ranked 14th in The Best Companies to Work For study. This study was jointly conducted by Business Today, Mercer and Taylor Nelson Sofres (TNS)

Godrej Consumer Products Ranks 6th in ET-Hewitt Best Employers of India survey

GCPL ranked 15th in Great Places to Work 2006 survey The Corporate Citizen of the Year Award given by Economic Times. Flagship brands Goodknight, Cinthol and Ezee selected Superbrands by the Superbrands Council

Godrej Sara Lee, the JV between the Godrej Group and Sara lee Corporation, USA is acknowledged the World's largest mat manufacturers and South Asia's largest manufacturers of Coils.

Godrej Consumer Products Limited, adjudged as a Business Superbrand by the Super Brands Council.

The Return on Capital Employed and Return on Net Worth ratios of Godrej Consumer Products - the highest in corporate India.

Godrej Consumer Products was awarded the "Best Managed Workforce" award given by Hewitt Associates and CNBC TV18.

Godrej Consumer Products features in the Top 25 list of Great Places to Work (survey conducted by GrowTalent in association with Business World) for four years in a row.

Lifetime Achievement Award for Godrej Industries from CHEMEXCIL, the Basic Chemicals Pharmaceuticals and Cosmetics Exports Promotion Council.

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Established Brand Name

Godrej group of companies is one of the leading conglomerates in India. It believes the Godrej brand is instantly recognizable amongst the populace in India due to its long presence in the Indian market, the diversified businesses in which the Godrej group operates and the trust they believe it has developed over 112 years of operations. The Godrej group was awarded the Corporate Citizen of the Year award by the Economic Times in 2003 and the Godrej brand was selected as the fourth best brand in India in The Week magazines Mood of the Nation @ 60 survey published on August 19, 2007. They believe they have carried forward this brand name and reputation for quality to the real estate market in their locations of operation. Transparency and efficiency in operations have helped us in developing long-term relationships with their customers as well as investors in the real estate market, business partners, contractors and suppliers. They have received many business awards and recognition, including being featured among Indias Top 10 Builders in 2006, 2007, 2008 and 2009 by Construction World and Indias Best Companies to Work For (first in construction and real estate) in 2009 by Great Places to Work, India, in partnership with the Economic Times. In 2008, they received the Corporate Governance of the Year award by Accommodation time.

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Products and Services

Appliances

Furniture

Offerings in the refrigerator, washing Furniture for home, office, educational machine, air conditioner and microwave institutions, oven ranges. establishments, labs,

hospitals, shipyard...

FMCG Cinthol, Hersheys Chocolate Syrup, Real Estate Residential, commercial and township developments.

Good Knight mosquito repellent, Hair Colour and Hair Dye.

Agri Animal feed, oil palm

AV Solutions plantations, Display solutions, audio video

agrochemicals and poultry.

conferencing solutions, electronic copy boards.

Chemicals Oleochemicals and surfactants.

Construction Variety of construction services like real estate development, ready mix concrete, horticulture and enviro-tech.

Electricals and Electronics

IT & Software Solutions

Industrial automation, power distribution, Solutions for engineering and service compressed air solutions & green industry.

business commissioning.

Locks

Material Handling

Locking solutions for different security Counter balance trucks, forklift trucks, needs to ensure optimum safety. Some of tyre the well known brand... handlers, all terrain trucks,

attachments and accessories.

Motors

Precision Engineering custom-built for precision multiple

Specialized custom built compressor Critical motors.

engineering equipments applications.

Precision Systems Machining & fabrication, heat & surface treatment, assembly, testing & supply of complex...

Process Equipment High pressure vessels, heat exchangers, columns, heavy walled reactors and other custom...

Security Solutions Safes, lockers, banking

Storage Solutions automation Warehousing solutions, automation and

products, electronic security systems, consulting. premises security & hi-tech doors.

Tooling

Vending

Die casting dies, press tools, special High quality table top beverage vending purpose services. machines and engineering machines, services and beverages.

Group Companies (based on turnover)

1. Geometric Limited (GL) Geometric was incorporated on March 25, 1994 as Geometric Software Services Company Private Limited. The company changed its name to Geometric Software Solutions Company Limited on August 20, 1998 and later to Geometric Limited with effect from October 31, 2007. It is involved in the business of designing, developing, market and support software particularly in the field of computer aided design and computer aided manufacture and to provide services such as designing and developing of customized solutions in the field of computer aided manufacture, computer aided design, modeling, geometry, machining, drafting, drawing, interfacing with other software on a project and/or contract basis. Geometric is a 100% export oriented unit and an industrial undertaking set up in the software technology park, under the Software Technology Park Scheme. 2. Wadala Commodities Limited (WCL) The company was originally incorporated as Noble Soya House Private Limited on March 9, 1984. The last change in name of the company to Wadala Commodities Limited was on April 8, 2008 and a fresh certificate of incorporation under Section 23(1) of the Companies Act was issued by the Registrar of Companies, Madhya Pradesh and Chhattisgarh. WCL is involved in the business of bulk trading of vegetable oils. 3. Godrej Consumer Products Limited (GCPL) GCPL was incorporated on November 29, 2000. GCPL is involved in the business of manufacturing and marketing of products such as soaps, detergents, hair colours and toiletries. Godrej Industries Limited holds 55,505,211 shares constituting 21.60% and Godrej & Boyce Manufacturing Company Limited hold 97,130,088 shares constituting 37.80% in GCPL. 4. Godrej Hershey Limited (GHL) GHL was incorporated on February 7, 1997. Godrej Hershey Limited is Company engaged in the manufacture of chocolates, confectioneries, beverages, fruit juices etc.

5. Godrej Agrovet Limited ( GAVL) GAVL was incorporated on November 25, 1991. The principal activities of GAVL is to carry on the business of breeding, raising, rearing, importing, marketing of poultry birds (DOC) and producing, processing, packaging, supplying and selling of poultry and other animal feeds of all kinds. 6. Vora Soaps Limited (VSL) VSL was incorporated on October 18, 1979. VSL is not in any business since July 1996. 7. Golden Feed Products Limited (GFPL) GFPL was incorporate on May 27, 2003. It deals with feed and feed supplements. 8. Godrej Efacec Automation & Robotics Limited (GEARL) GEARL was incorporated on November 22, 1996. GEARL is a manufacturing and trading concern and is engaged in providing warehousing solutions to manufacturing concerns through design, manufacture and installation of automatic storage and retrieval systems. 9. Godrej Infotech Limited (GItL) GItL was incorporated on February 25, 1997. GItL is in the business of providing information technology including computer hardware and software and database management. 10. Mercury Manufacturing Company Limited (MMCL) MMCL was incorporated on November 11, 1992. MMCL is in the business of manufacture and export of steel furniture. 11. Godrej (Malaysia) Sdn. Bhd. (GMSB) GMSB was incorporated on April 29, 1965. GMSB is involved in the manufacturer of steel office furniture, shelving systems and steel fabrications.

Interest of Godrej Industries Limited and Godrej & Boyce Manufacturing Company Limited Godrej & Boyce Manufacturing Company Limited holds 2,56,826 shares constituting 83% stake in the Company. Godrej Industries Limited does not hold any share in GMSB. 12. Godrej (Singapore) Pte Limited(GSPL) GSPL was incorporated on October 16, 1971. It is involved in the manufacture of and distribution of Steel Office Furniture, Shelving Systems and Steel Fabrications. Interest of Godrej Industries Limited and Godrej & Boyce Manufacturing Company Limited Godrej & Boyce Manufacturing Company Limited holds 24,720 shares constituting 58.55% stake in GSPL. Godrej Industries Limited does not hold any share in GSPL. 13. Godrej & Khimji (Middle East) LLC(GOKHIM) GOKHIM was incorporated on May 9, 1999. GOKHIM is engaged in the business of design, production, sale and distribution of steel furniture. Interest of Godrej Industries Limited and Godrej & Boyce Manufacturing Company Limited Godrej & Boyce Manufacturing Company Limited and Godrej Industries Limited do not hold any shares in GOKHIM. 14. J.T. Dragon Pte. Limited (JTDPL) JTDPL was incorporates on June 29, 1990. It is an investment holding company of Godrej (Vietnam) Company Limited, Vietnam which is a manufacturer of steel office furniture, shelving systems and steel fabrication. Interest of Godrej Industries Limited and Godrej & Boyce Manufacturing Company Limited Godrej & Boyce Manufacturing Company Limited and Godrej Industries Limited do not hold any shares in the Company.

15. Godrej (Vietnam) Company Limited (GVCL) GVCL was incorporated on April 28, 1997. GVCL is in the business of manufacture of steel office furniture, shelving systems and steel fabrication. Interest of Godrej Industries Limited and Godrej & Boyce Manufacturing Company Limited JTDPL holds 29,99,000 shares constituting 100% stake in GVCL. Godrej & Boyce Manufacturing Company Limited and Godrej Industries Limited do not hold any shares in GVCL. 16. Veromatic International BV (VIBV) VIBV was incorporated on August 2, 1991. It develops and produces hot and cold drink machines such as coffee, soup and water machines. Interest of Godrej Industries Limited and Godrej & Boyce Manufacturing Company Limited Godrej & Boyce Manufacturing Company Limited holds 300 shares constituting 75% stake in VIBV. Godrej Industries Limited does not hold any shares in VIBV. 17. Ensemble Holdings & Finance Limited (EHFL) EHFL was incorporated on February 17, 1992. It is a loan and investment company. Interest of Godrej Industries Limited and Godrej & Boyce Manufacturing Company Limited Godrej Industries Limited holds 37,74,160 shares constituting 100% stake in the Company. 18. Swadeshi Detergents Limited (SDL) SDL was incorporate on May 23; 1974.SDL is not in any active business since July 1996. Interest of Godrej Industries Limited and Godrej & Boyce Manufacturing Company Limited GIL is holding 2,09,370 constituting 41.08% of the equity capital of SDL. Godrej & Boyce Manufacturing Company Limited does not hold any shares in SDL.

19. Godrej International Limited (GINL) GINL was established on January 27, 1993 in the Isle of Man by Godrej Soaps Limited to undertake trading in vegetable oils worldwide. As a result of the demerger of Godrej Soaps Limited in 2001, GINL was transferred to Godrej Industries Limited. GINL continues to trade in vegetable oils. Interest of Godrej Industries Limited and Godrej & Boyce Manufacturing Company Limited Godrej Industries Limited holds 23,55,000 shares constituting 100% shares in GINL. 20. Godrej IJM Palm Oil Limited (GIPOL) GIPOL was incorporated on November 15, 2006. It is engaged in the business of Palm oil plantations and CPO extraction. Interest of Godrej Industries Limited and Godrej & Boyce Manufacturing Company Limited Godrej Industries Limited holds 2,584 shares, constituting 1.9% shares, in GIPOL.GIPOL is an investee company of Godrej Agrovet Limited with 62,867 shares, constituting 46.29%, of the equity stake being held by Godrej Agrovet Limited, a subsidiary of Godrej Industries Limited, which is in turn, the subsidiary of Godrej & Boyce Manufacturing Company Limited. 21. Godrej Gold Coin Aquafeed Limited (GGCAL) GGCAL was incorporated on September 16, 2006. It is involved in Aquafeed business. Interest of Godrej Industries Limited and Godrej & Boyce Manufacturing Company Limited GGCAL is an investee company of Godrej Agrovet Limited with 53,80,916 shares constituting 49% of the equity stake being held by Godrej Agrovet Limited, a subsidiary of GIL, which is in turn, the subsidiary of Godrej & Boyce Manufacturing Company Limited. 22. Godrej Tyson Foods Limited (GTFL) GTFL was incorporate on January 11, 2008. It is engaged in the business of live bird processing and value added vegetarian and non-vegetarian products.

Interest of Godrej Industries Limited and Godrej & Boyce Manufacturing Company Limited GTFL is an investee company of Godrej Agrovet Limited with 85,880 Equity Shares constituting 49% of the equity stake being held by Godrej Agrovet Limited (with its nominees), a subsidiary of Godrej Industries Limited, which is in turn, the subsidiary of Godrej & Boyce Manufacturing Company Limited. 23. Natures Basket Limited (NBL) NBL was incorporated on May 29, 2008. The main object of NBL is to carry on the business of selling, distributing, buying, acquiring, storing, packing, transporting, importing, exporting, trading, processing, converting, producing, manufacturing, giving on franchise retail outlets and otherwise dealing in all types of foodstuff either for human being or otherwise, food grains, food products, beverages, meat, fish, aqua, marine products, birds, poultry products, fruits, vegetables, grocery, dairy product on wholesale and retail basis. Interest of Godrej Industries Limited and Godrej & Boyce Manufacturing Company Limited Godrej Industries Limited holds 70,50,000 shares of NBL constituting 100% shareholding. 24. Cauvery Palm Oil Limited (CPOL) CPOL was incorporated on September 17, 1996. It is mainly engaged in business relating to palm oil plantations of Tamil Nadu. Interest of Godrej Industries Limited and Godrej & Boyce Manufacturing Company Limited CPOL is a subsidiary of Godrej Agrovet Limited holding 34,20,000 Equity Shares constituting 90% of the equity stake being held by Godrej Agrovet Limited, a subsidiary of Godrej Industries Limited , which is in turn, the subsidiary of Godrej & Boyce Manufacturing Company Limited. 25. Godrej Oil Palm Limited (GOPL) GOPL was incorporated on August 18, 2006. It is engaged in the business of palm oil plantations and CPO extraction.

Interest of Godrej Industries Limited and Godrej & Boyce Manufacturing Company Limited GOPL is a subsidiary of Godrej Agrovet Limited which holds 56,400 Equity Shares constituting 80% of the equity stake being held by Godrej Agrovet Limited, a subsidiary of Godrej Industries Limited, which is in turn, the subsidiary of Godrej & Boyce Manufacturing Company Limited. 26. Poultry Processors' Association of India (PPAI) PPAI was incorporated on November 25, 1991. The brief description of its business is promotion of scientific processing and packing of poultry birds and products in India, training to poultry farmers and interface between the Government and the poultry industry. Interest of Godrej Industries Limited and Godrej & Boyce Manufacturing Company Limited Godrej Industries Limited and Godrej & Boyce Manufacturing Company Limited do not have any interest in PPAI. 32. Al Rahba International Trading LLC (ARIT) ARIT was incorporated on October 18, 2004. It is involved in production and marketing of live branded farm fresh chicken across United Arab Emirates. Interest of Godrej Industries Limited and Godrej & Boyce Manufacturing Company Limited Godrej & Boyce Manufacturing Company Limited and Godrej Industries Limited do not have any interest in ARIT.

33. ACI Godrej Agrovet Private Limited ACI Godrej Agrovet Private Limited was incorporated on October 10, 2004. It is engaged in the business of Agri-business specifically Poultry feed, fish feed, cattle feed and DOC.

GODREJ PROPERTIES LIMITED

They were originally incorporated as Sea Breeze Constructions and Investments Private Limited on February 8, 1985 under the Companies Act, 1956 with the RoC. The name of the Company was changed to Godrej Properties and Investments Private Limited pursuant to a special resolution of the shareholders dated July 2, 1990. In the year 1991, the status of Company was changed to a deemed public company by deletion of the word Private from the name of the Company. Subsequently the status was changed to a public limited company pursuant to a special resolution of the members passed at the extraordinary general meeting on August 1, 2001. The name was further changed to Godrej Properties Limited pursuant to a special resolution of the members passed at the extraordinary general meeting on November 23, 2004.

Registered and Corporate Office of Company

Godrej Properties Limited Godrej Bhavan, 4th Floor, 4A, Home Street, Fort, Mumbai 400 001 Tel: (91 22) 6651 0200 Fax: (91 22) 2207 2044 Website: www.godrejproperties.com Registration Number: 11-35308 Company Identification Number: U74120MH1985PLC035308

Company Secretary and Compliance Officer : Mr. Shodhan A. Kembhavi Tel: (91 22) 6651 0200, Fax: (91 22) 2207 2044, Email: secretarial@godrejproperties.com

Promoters Of The Company : Godrej & Boyce Manufacturing Company Limited And Godrej Industries Limited
Public issue of 9,429,750 equity shares of Rs. 10 each of Godrej properties limited (gpl or the company or the issuer) for cash at a price of Rs. [] per equity share (including a share premium of Rs.[] per equity share) aggregating to Rs.

[] crores (the issue). The issue will constitute 13.5% of the post issue paid-up capital of the company. The face value of each equity share is Rs. 10 each. The price band and the minimum bid lot will be decided by the company in consultation with the global co-coordinators and book running lead managers and the book running lead managers and advertised at least two (2) working days prior to the bid/issue opening date. The issue price is [] times the face value at the lower end of the price band and [] times the face value at the higher end of the price band.

Business Overview
They are one of the leading real estate development companies in India (Source: Construction World Indias Top 10 Builders) and are based in Mumbai, Maharashtra. They currently have real estate development projects in 10 cities in India, which are at various stages of development. Currently, their business focuses on residential, commercial and township developments. They are a fully integrated real estate development company involved in all activities associated with the development of residential and commercial real estate. They undertake their projects through their in-house team of professionals and by partnering with companies with domestic and international operations. Their 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. The Godrej group of companies includes Godrej & Boyce Manufacturing Company Limited and is one of the leading conglomerates in India. The Godrej group was awarded the Corporate Citizen of the Year award by the Economic Times in 2003 and the Godrej brand was selected as the fourth best brand in India in The Week magazines Mood of the Nation @ 60 survey published on August 19, 2007. Their residential portfolio consists of various types of accommodation of varying sizes. In their commercial portfolio, they build office space catering to blue-chip Indian and international companies, IT parks catering to the requirements of IT/ITES companies and retail space. Their township portfolio includes integrated townships consisting of residential and commercial developments. During the fiscal year 2009, their total revenue contribution from operation of their commercial activities, residential activities and other income operations was Rs. 167.66 Crores, Rs. 59.59 Crores and Rs. 23.01 Crores, respectively.

They entered into their first project in 1991. They initially concentrated operations in the Mumbai Metropolitan region and later expanded to include other cities such as Pune, Bengaluru, Kolkata, Hyderabad, Ahmedabad, Mangalore, Chandigarh, Chennai and Kochi. Developable Area refers to the total area which they develop in each project, and includes carpet area, common area, service and storage area, as well as other open area, including car parking. Such area, other than car parking space, is often referred to in India as super built-up area. Saleable Area refers to the part of the Developable Area relating to their economic interest in such property. As of October 31, 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. Their Land Reserves may be broadly classified into land to be developed by us as ongoing projects, which are projects for which approval to begin construction has been granted by the relevant authority (Ongoing Projects), and forthcoming projects, which are projects for which (i) land has been acquired or a memorandum of understanding or development agreement has been executed; (ii) conversion from agricultural land has been completed, if necessary, or an application for change in status to nonagricultural/commercial/residential use has been submitted, or is in the process of being submitted to the relevant authority; and (iii) internal project development plans are complete (Forthcoming Projects). Their total Land Reserves currently stand at 391.04 acres, aggregating to approximately 82.74 million sq. ft. of Developable Area and 50.21 million sq. ft. of Saleable Area, which includes our Ongoing Projects and Forthcoming Projects. The aforesaid Land Reserves include 64.23 acres which are in the process of being aggregated. The table below provides their Land Reserves and estimated Developable Area and Saleable Area by cities as of October 31, 2009:

City

Estimated Developable Area (in million sq. ft.)

Estimated Saleable Area (in million sq. ft.) 2.26 1.33 1.86 2.82

Acreage*

Mumbai Pune Bengaluru Kolkata

3.69 12.32 2.51 6.93

38.85 26.23 21.46 16.72

Hyderabad Mangalore Ahmedabad Chandigarh Kochi Chennai TOTAL

9.60 0.83 40.43 0.68 2.52 3.23 82.74

9.60 0.61 27.38 0.31 1.76 2.26 50.21

34.00 4.53 223.51 1.84 15.16 8.75 391.04

Group Company Godrej & Boyce Manufacturing Company Limited Godrej Agrovet Limited Godrej & Boyce Manufacturing Company Limited

City Mohali Bengaluru Hyderabad

Acreage 75 100 10

Total

185

Company Secretary and Compliance Officer Mr. Shodhan A. Kembhavi Godrej Properties Limited Godrej Bhavan, 4th Floor, 4A, Home Street, Fort, Mumbai 400 001 Tel: (91 22) 6651 0200 Fax: (91 22) 2207 2044 Email: secretarial@godrejproperties.com

Investors can contact the Compliance Officer or the Registrar to the Issue in case of any pre or post-Issue related problems, such as non-receipt of letters of Allotment, credit of Allotted Equity Shares in the respective beneficiary account and refund orders. All grievances relating to the ASBA process may be addressed to the Registrar to the Issue, with a copy to the SCSBs, giving full details such as name, address of the applicant, number of Equity Shares applied for, Bid Amount blocked, ASBA Account number and the Designated Branch of the SCSBs where the ASBA Form was submitted by the ASBA Bidders. For all Issue related queries and for redressal of complaints, investors may also write to the GCBRLMs and BRLMs. All complaints, queries or comments received by SEBI shall be forwarded to the GCBRLMs and BRLMs, who shall respond to the same.

Global Co-ordinators and Book Running Lead Managers Kotak Mahindra Capital Company Limited 1st Floor, Bakhtawar, 229 Nariman Point, Mumbai 400 021 Tel: (91 22) 6634 1100 Fax: (91 22) 2283 7517 Email: gpl.ipo@kotak.com Website: www.kotak.com Investor Grievance ID: kmccredressal@kotak.com ICICI Securities Limited ICICI Centre, H. T. Parekh Marg, Churchgate, Mumbai 400 020 Tel: (91 22) 2288 2460/70 Fax: (91 22) 2282 6580 Email: gpl.ipo@icicisecurities.com Website: www.icicisecurities.com Investor Grievance ID: customercare@icicisecurities.com Contact Person: Mr. Sumit Pachisia

Contact Person: Mr. Chandrakant Bhole SEBI Registration No.: INM000011179 SEBI Registration No.: INM000008704 Book Running Lead Managers IDFC SSKI Limited 803-4 Tulsiani Chambers, 8th Floor, Nariman Point, Mumbai 400 021, India Tel: (91 22) 6638 3333 Fax: (91 22) 2204 0282 Email: gpl.ipo@idfcsski.com Website: www.idfcsski.com Investor Grievance ID: complaints@idfcsski.com Contact Person: Mr. Shirish Chikalge Nomura Financial Advisory And Securities (India) Private Limited Ceejay House, Level 11, Dr. Annie Besant Road, Worli, Mumbai 400 018, India Tel: (91 22) 4037 4037 Fax: (91 22) 4037 4111 Email id: gpl.ipo-in@nomura.com Website: http://www.nomura.com/asia/services/capit

SEBI Registration No.: INM000011336 al_raising/equity.shtml Investor Grievance ID: investorgrievancesin@nomura.com Contact Person: Mr. Shreyance Shah SEBI registration number: INM000011419 Syndicate Member Kotak Securities Limited Sharekhan Limited

1st Floor, Bakhtawar, 229, Nariman Point, Mumbai 400 021 Tel: (91 22) 6634 1100 Fax: (91 22) 6630 3927 Email: umesh.gupta@kotak.com Website: www.kotak.com Contact Person: Mr. Umesh Gupta BSE: IMB010808153 NSE: IMB230808130

A 206, Phoenix House, Second Floor Senapati Bapat Marg, Lower Parel Mumbai 400 013 Tel: (91 22) 6748 2000 Fax: (91 22) 2498 2626 Email: pankajp@sharekhan.com Website: www.sharekhan.com Contact Person: Mr. Pankaj Patel BSE: INB011073351 NSE: INB231073330 Legal Advisors

Domestic Company

Legal

Counsel

to

the Domestic

Legal

Counsel

to

the

Underwriters 704 706, 7th Floor, Embassy Centre, Nariman Point, Mumbai 400 021 Tel: (91 22) 6630 3600 Fax: (91 22) 6630 3700 Email: luthra@LUTHRA.COM

Amarchand & Mangaldas & Suresh Luthra & Luthra Law Offices A. Shroff & Co. 5th Floor, Peninsula Chambers, Peninsula Corporate Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai 400 013 Tel: (91 22) 2496 4455 Fax: (91 22) 2496 3666 International Legal Counsel to the Underwriters Jones Day 3 Church Street, #14-02 Samsung Hub, Singapore 049483 Tel: (65) 6538 3939 Fax: (65) 6536 3939 Email: gplipo@jonesday.com Registrar to the Issue Karvy Limited Computershare Private

Plot No. 17-24, Vittal Rao Nagar Madhapur, Hyderabad 500 081 Tel: (91 40) 2342 0815 Fax: (91 40) 2343 1551 Email: murali@karvy.com Website: www.karvy.com Investor Grievance ID: gpl.ipo@karvy.com Contact Person: Mr. M. Muralikrishna SEBI Registration No.: INR000000221 Bankers to the Issue and Escrow Collection Banks ICICI Bank Limited Capital Market Group, 30, Mumbai Samachar Marg, Fort, Mumbai 400 001 Tel: (91 22) 2262 7600 Fax: (91 22) 2261 1138 Email: Venkataraghavan.t@icicibank.com Kotak Mahindra Bank Limited Kotak Infiniti, 6th Floor, Building No. 21, Infinity Park Off Western Express Highway, General AK Vaidya Marg, Malad (E) Mumbai Tel: (91 22) 6605 6587 Fax: (91 22) 6605 6642

Contact Person: Mr. Venkataraghavan Email: sanjay.sawant@kotak.com TA Website: www.icicibank.com SEBI Registration No.: INBI00000004 State Bank of India Capital Market Branch Ground floor, Mumbai Main Branch Building Mumbai Samachar Marg Fort Mumbai 400 023 Tel: (91 22) 22691561 / 22662133 Fax: (91 22) 22670745 / 22664959 Email: vidya.krishnan@sbi.co.in sbi.11777@sbi.co.in Contact Person: Sanjay Sawant Website: www.kotak.com SEBI Registration No.: INBI00000927 IDBI Bank Limited Unit No. 2, Corporate Park, Near Swastik Chambers, Sion - Trombay Road, Chembur, Mumbai 400 071 Tel: (91 22) 6690 8402 Fax: (91 22) 6690 8424 Email: mn.kamat@idbi.co.in Contact Person: Mr. M N Kamat - General Manager

Contact Person: Vidya Krishnan Website: www.statebankofindia.com SEBI Registration No.: INBI00000038 The Hongkong and Shangai Banking Corporation Limited -

Website: www.idbibank.com SEBI Registration No.: INBI0000007621

HDFC Bank Limited

HSBC HDFC Bank Limited, Lodha, FIG - OPS Department, -

Securities Services

Shiv Building, Plot No. 139-140B, I Think Techno Campus, O-3 Level, Next Western Express Highway, Sahar Road Junction, Vile Parle (E), Mumbai 400 057 Tel: (91 22) 4035 7458 Fax: (91 22) 4035 7657 Email: swapnilpavale@hsbc.co.in Contact Person: Swapnil Pavale Website: www.hsbc.co.in SEBI Registration No.: INBI00000027 to Kanjurmarg Railway Station, Kanjurmarg (East), Mumbai 400 042 Tel: (91 22) 3075 2928 Fax: (91 22) 2579 9801 Email: deepak.rane@hdfcbank.com Contact Person: Deepak Rane Website: www.hdfcbank.com SEBI Registration No.: INBI00000063

Bankers to the Company State Bank of India Corporate Accounts Group Branch 23, J.N. Heredia Marg, "Voltas House" Ballard Estate, Mumbai 400 001 Tel: (91 22) 6635 6611 Fax: (91 22) 2288 4133 Email: dgm.09995@sbi.co.in Website: www.statebankofindia.com Auditors to the Company Monitoring Agent Company has appointed SICOM Limited as a monitoring agency in compliance with Regulation 16 of the SEBI Regulations. IDBI Bank Limited 224, A Wing, Mittal Court, Nariman Point Mumbai 400 021 Tel: (91 22) 6658 8100 Fax: (91 22) 6658 8111 / 6658 8130 Email: ajay.sharma@idbi.co.in Website: www.idbi.com

ISSUE PROCEDURE Book Building Procedure The Issue is being made through the 100% Book Building Process wherein at least 60% of the Net Issue shall be allocated to Qualified Institutional Buyers on a proportionate basis out of the QIB Portion (excluding Anchor Investor Portion), 5% shall be available for allocation on a proportionate basis to Mutual Funds only. The remainder shall be available for allocation on a proportionate basis to QIBs and Mutual Funds, subject to valid bids being received from them at or above the Issue Price. If at least 60% of the Net Issue cannot be allocated to QIBs, then the entire application money will be refunded forthwith. Further, not less than 10% of the Net Issue will be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 30% of the Net Issue will be available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid bids being received at or above the Issue Price. Allocation to Anchor Investors shall be on a discretionary basis and not on a proportionate basis. Bidders are required to submit their Bids through the Syndicate. Further, QIB Bids can be procured and submitted only through the GCBRLMs and the BRLMs or their affiliate syndicate members. In case of QIB Bidders, the Company, in

consultation with the GCBRLMs and the BRLMs, may reject Bids at the time of acceptance of Bid cum Application Form provided that the reasons for such rejection shall be provided to such QIB Bidder in writing. In case of Non-Institutional Bidders and Retail Individual Bidders, the Company would have a right to reject the Bids only on technical grounds. Investors should note that the Equity Shares will be allotted to all successful Bidders only in dematerialized form. The Bid cum Application Forms which do not have the details of the Bidders depository account shall be treated as incomplete and rejected. Bidders will not have the option of being Allotted Equity Shares in physical form. The Equity Shares on Allotment shall be traded only in the dematerialised segment of the Stock Exchanges.

IPO Grading This Issue has been graded by ICRA Limited, a SEBI-registered credit rating agency, as IPO Grade 4, indicating above average fundamentals. ICRA Limited assigns IPO grading on a five-point scale of IPO Grade 5 through to IPO Grade 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. The rationale / description furnished by the IPO grading agency will be updated at the time of filing the Red Herring Prospectus with the Designated Stock Exchange.

OBJECTS OF THE ISSUE The objects of the Issue are: Acquisition of land development rights for our Forthcoming Projects; Construction of our Forthcoming Project; Repayment of loans; and General corporate purposes.

Listing BSE NSE : : October 30, 2009 November 23, 2009

RESTRICTIONS ON FOREIGN OWNERSHIP OF INDIAN SECURITIES The Industrial Policy, 1991 and the FEMA regulate foreign investment in Indian securities. The Industrial Policy, 1991 stipulates the limits and the conditions

subject to which foreign investment can be made in different sectors of the Indian economy. The FEMA further regulates foreign investment by prescribing the precise manner in which such investment may be made. Under the Industrial Policy, unless specifically restricted, foreign investment is freely permitted in all sectors of Indian economy up to any extent and without any prior approvals, but the foreign investor is required to follow certain prescribed procedures for making such investment. As per current foreign investment policies, foreign investment in the real estate sector is permitted under the automatic route in relation to investments by NRIs. By way of Circular No. 53 dated December 17, 2003, the RBI has permitted FIIs to subscribe to shares of an Indian company in a public offer without the prior approval of the RBI, so long as the price of the Equity Shares to be issued is not less than the price at which the Equity Shares are issued to residents. Transfers of Equity Shares previously required the prior approval of the FIPB. However, vide a RBI circular dated October 4, 2004 issued by the RBI, the transfer of shares between an Indian resident and a non-resident does not require the prior approval of the FIPB or the RBI, provided that (i) the activities of the investee company are under the automatic route under the foreign direct investment (FDI) Policy and transfer does not attract the provisions of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 (ii) the non-resident shareholding is within the sectoral limits under the FDI policy, and (iii) the pricing is in accordance with the guidelines prescribed by the SEBI/RBI. Foreign Investment in the Real Estate Sector Foreign investment in the real estate sector is regulated by the relevant provisions of the FDI Manual dated November 2005, FEMA Regulations, and the relevant Press Notes issued by the Secretariat for Industrial Assistance, GoI. FDI Manual a. Development of serviced plots and construction of built up residential premises b. Investment in real estate covering construction of residential and commercial premises including business centres and offices c. Development of townships d. City and regional level urban infrastructure facilities, including both roads and bridges e. Investment in manufacture of building materials, which is also open to FDI

f. Investment in participatory ventures in (a) to (e) above g. Investment in housing finance institutions, which is also open to FDI as an NBFC.

FEMA Regulations The FEMA Regulations, state that the investment cap in the real estate on the activities in the Housing and Real Estate is permit investment to the extent of 100% only by NRIs in the following specified areas: I. II. Development of serviced plots and construction of built up residential premises Investment in real estate covering construction of residential and commercial premises including business centers and offices III. IV. Development of townships City and regional level urban infrastructure facilities, including both roads and bridges V. VI. Investment in manufacture of building materials, which is also open to FDI Investment in participatory ventures in (a) to (c) above

VII. Investment in housing finance institutions, which is also open to FDI as an NBFC.

GOVERNMENT APPROVALS They have received the necessary consents, licenses, permissions and approvals from the Government and various governmental agencies required for their present business and except as mentioned below, and no further approvals are required for carrying on their present business. Unless otherwise stated, these approvals are all valid as of the date Nov, 2009. Approvals for the Issue 1. In principle approval from the NSE dated November 23, 2009. 2. In principle approval from the BSE dated October 30, 2009. 3. The shareholders of our Company have, pursuant to their resolution dated September 30, 2009, authorised this Issue. 4. The Board of Directors have, pursuant to their resolution dated July 27, 2009 authorized the Issue. 5. The RBI by its letters dated January 25, 2008 and March 19, 2008 has clarified that FIIs may subscribe to the proposed IPO of your company under the portfolio investment scheme (PIS) in terms of Regulation 1(5) of schedule 2 to RBI

Notification No. FEMA 20/2000-RB dated May 3, 2000. However, it is provided that FII investments in any pre-IPO placement would be treated on par with FDI and will have to comply with the guidelines for such FDI in terms of lock-in period and other conditions prescribed vide Press Note 2 (2005 series) issued by Ministry of Commerce and Industry, DIPP and notified by RBI by notification no. 136/2005-RB dated July 19, 2005.

Godrej Properties Limited Incorporation Details 1. Certificate of Incorporation given by the Registrar of Companies in respect of Sea Breeze Constructions and Investments Private Limited on February 8, 1985 under the Companies Act. 2. Fresh Certificate of Incorporation given by Registrar of Companies in respect of change of name to Godrej Properties and Investments Private Limited on July 16, 1990. 3. Fresh Certificate of Incorporation given by Registrar of Companies consequent to the change of name to Godrej Properties Limited on December 10, 2004 by the RoC.

Approvals to carry on Business

A. Industrial/Labour/Tax 1. Permanent Account Number AAACG3995M 2. Tax Payers Identification Number under the Maharashtra Value Added Tax Act 2003 is 27020266493V with effect from April 1, 2006. 3. Tax Payers Identification Number under Central Sales Tax (Registration and Turnover) Rules 1957 is 27020266493C with effect from April 1, 2006. 4. Service Tax Code Number AAACG3995MST002 and Location Code SA0311 issued to the Company by the Office of the Commissioner of Service Tax, Government of Karnataka, Bangalore on August 17, 2007. 5. Allotment of Code No. STDS 5101039 under the West Bengal Value Added Tax Act 2003, to the Company by the Office of Commissioner, Sales Tax, Government of West Bengal, Kolkata on April 23, 2007.

6. Value Added Tax Registration Certificate under Karnataka Value Added Tax Act 2003 granted to the Company with effect from April 28, 2005. 7. Tax Deduction Account Number MUMG08095D 8. Service Tax Code Number : AAACG3995MST001 and Location Code Number: SC0100

Special Economic Zone Related Approvals Godrej Genesis, Hyderabad Applications Made 1. Application has been made to the SEZ Section, Department of Commerce, Ministry of Commerce and Industry, Government of India for setting up Special Economic Zone for IT/ITES Sector at Patancheru village and Mandal Sanga Reddy Taluk, Medak District, Andhra Pradesh dated December 12, 2007. 2. Application to the Chief Secretary, Government of Andhra Pradesh dated December 5, 2007 for approval to set up a Sector Specific Economic Zone for Information Technology and IT Enabled Services at Patancheru to Godrej Real Estate Private Limited. 3. Application to the Principal Secretary, IT and C Department, Government of Andhra Pradesh dated December 5, 2007 for approval to set up a Sector Specific Economic Zone for Information Technology and IT Enabled Services at Patancheru to Godrej Real Estate Private Limited. 4. Letter of Approval from the Director, Special Economic Zone Section, Department of Commerce, Ministry of Commerce and Industry, Government of India for setting up a Sector Specific Economic Zone for Information Technology and IT Enabled Services at Patancheru to Godrej Real Estate Private Limited dated September 3, 2008. 5. Application made in February, 2009 to the Principal Secretary, M.A and U.D. Department for conversion of land from I.T. Zone to Mixed Use. However, by an order from the Principal Secretary, M.A. and U.D. Department dated August 29, 2009, this application was rejected.

Residential Ongoing Projects (Brief Overview):

Planet Godrej, Mahalaxmi, Mumbai: This is a premium high-rise residential project located in Mahalaxmi, Mumbai. It comprises five towers, four of which have already been completed and one of which is ongoing. Planet Godrej has an estimated Developable Area of 0.82 million sq. ft. Upon completion, this project will have approximately 380 units of varying configurations across five towers of 48 storeys each with contemporary design and open spaces. The footprint, i.e., the ground coverage of the constructed portion of the project (towers 1 to 5), comprises approximately 4.2% of the total plot area, while the rest of the plot area has been used to provide landscaping and facilities. The size of the plot ensures that apart from the residential towers, there are spaces for development of a large podium, a modern gymnasium, gardens, a clubhouse, pools and game courts. This project was awarded the Pinnacle Award, 2006 by ZEE Business for being the best up-coming real estate project in India, as well as Project of the Year Mumbai for the year 2007 by the Accommodation Times. As of October 31, 2009, approximately 90% of the units in the ongoing part of the project have been sold. This project is expected to be completed in 2009.

Godrej Woodsman Estate, Bengaluru: This is a residential apartment complex located approximately a kilometre away from Hebbal Flyover on Bellary Road, Bengaluru, near the new international airport, and has a Developable Area of approximately 1.78 million sq. ft. The project encompasses seven towers of 16 storeys each and comprises of two and three bedroom apartments. This project is strategically located with connectivity to the upcoming international airport. Modern facilities such as podium parking, clubhouse, a swimming pool, gardens and childrens play area form part of this project. As of October 31, 2009, approximately 97% of the units have been sold. This project is expected to be completed in 2009.

Godrej Prakriti, Kolkata: This is a residential project proposed on B. T. Road in the Northern part of Kolkata, with a Developable Area of 3.29 million sq. ft (this includes a commercial portion of 0.42 million sq. ft.). The project is located approximately two kilometres

from the Sodepur railway station and 15 kilometres from the international airport and is connected by an expressway. This project will be developed in phases and is expected to be completed by 2014.

Godrej Gold County, Bengaluru: This is a residential project of villas and premium apartments located off Tumkur Road, Bengaluru, with a Developable Area of approximately 0.30 million sq. ft.

Godrej Garden City, Ahmedabad: Godrej Garden City is a township development planned in Ahmedabad. It is located in Jagatpur village in the north-west region of Ahmedabad and is well within the AMC administrative limits. It is approximately 1.8 kms from SG highway, 14 kms from airport, 20 kms from railway station and 20 kms from Gandhinagar. This project is selected among 16 projects worldwide of the Climate Positive Development Program by Clinton Climate Initiative (CCI).

Commercial Ongoing Projects (Brief Overview):

Godrej Waterside, Salt Lake City, Sector V, Kolkata: This is an IT park located in Sector V of the Salt Lake area of Kolkata, an established IT hub, and is adjacent to a natural lake. This project will have a total Developable Area of approximately 2.16 million sq. ft. with two towers and parking facilities for approximately 1,400 cars. As of October 31, 2009, approximately 19% of the project has been sold. This project is expected to be completed by 2010.

Godrej Genesis, Salt Lake City, Sector V, Kolkata: This is second IT park project located in Sector V of the Salt Lake area of Kolkata. It is being designed as a single building of 18 floors and will have car parking for approximately 1,300 cars. The project will have a total Developable Area of approximately 1.48 million sq. ft.

Godrej Eternia This commercial property is spread over 4.04 acres, offering office and retail spaces with a developable area of 0.68 million sq.ft. The project is strategically located in the industrial and business park I, between Tricity of Chandigarh, Mohali and Panchkula. It is approx three km from Chandigarh railway station, three km from Chandigarh airport and four km from city centre. Godrej Eternia is designed by Patell Batliwala & Associates and HBRA, USA and features expansive and flexible office spaces.

After Issue Response

Dec 09, 2009: Godrej Properties Ltd IPO fully subscribed on its first day. Godrej Properties Ltd IPO open on December 09, 2009, subscribed 1.23 times. Godrej Properties had received bids for 95,33,628 shares as against issue size of 77,32,405 shares. Retail quota of the issue subscribed 0.0206 times and QIB's subscribed 2.3907 times. Non Institutional category didn't shows good interest and only subscribed 0.0074 times. Dec 10, 2009: Godrej Properties Ltd IPO subscribed 1.28 times on its day 2. Godrej Properties has received bids for 98,95,405 shares as against issue size of 77,32,405 shares. Retail quota of the issue subscribed 0.0833 times and QIB's subscribed 2.4261 times. Non Institutional category only subscribed 0.0543 times Dec 11, 2009: Godrej Properties Ltd IPO finally subscribed 4.00 times on its closing day. Godrej Properties received bids for 3,09,50,933 shares as against issue size of 77,32,405 shares. Retail quota of the issue subscribed 0.3753 times and QIB's subscribed 7.4494 times. Non Institutional category subscribed 0.4090 times.

BASIS OF ALLOCATION Public issue of 9,429,750 equity shares of rs.10 each ("equity shares") of godrej properties limited ("gpl" or the "company" or the "issuer") issued for cash which includes 1,697,345 equity shares issued at a price of rs. 530/- per equity share to anchor investors (including a premium of rs 520/- per equity share) and balance 7,732,405 equity shares at a price of rs 490/- per equity share to others (including a

premium of rs 480/- per equity share) aggregating to rs. 468.85 crores. The issue will constitute 13.5% of the post-issue equity share capital of the company. The face value per equity share is Rs. 10/- and the issue price is 49 times the face value (for anchor investors, the issue price is 53 times the face value). In terms of Rule 19 (2)(b) of the Securities Contract Regulation Rules, 1957 ("SCRR"), this being an Issue for less than 25% of the post-Issue capital, the Issue was made through the 100% Book Building Process wherein at least 60% of the Issue will be allocated on a proportionate basis to Qualified Institutional Buyers ("QIBs"). The Company has allocated 1,697,345 Equity Shares or 30% of the QIB Portion to Anchor Investors on a discretionary basis. Further 5% of the QIB Portion (excluding Anchor investor Portion) was available for allocation on a proportionate basis to Mutual Funds only. The remainder shall be available for allocation on a proportionate basis to QIBs and Mutual Funds, subject to valid bids being received from them at or above the Issue Price. If at least 60% of the Net Issue cannot be allocated to QIBs, then the entire application money will be refunded forthwith. Further, up to 10% of the Net Issue will be available for allocation on a proportionate basis to NonInstitutional Bidders and up to 30% of the Net Issue will be available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid bids being received at or above the Issue Price. The Issue received 18,411 applications for 33,559,152 equity shares resulting in 3.56 times subscription. The details of the applications received in the Issue from Anchor Investors, Qualified Institutional Buyers (excluding Anchor Investors), NonInstitutional and Retail Individual Investors categories are as under (Before technical rejections): No.of Applications No. of Shares No. of times subscription

Category

Retail Individual Bidders

18,300

1,025,235

0.36

50

343,837

0.36

To retailor invertors

The Basis of Allocation to the Retail Individual Bidders, who have bid at cut-off or at the Issue Price of Rs.490/- per Equity Share, was finalized in consultation with BSE. This category has been subscribed to the extent of 0.35 times. Hence full and firm allotments were

made to all valid applicants in this category. The total number of Equity Shares allotted in Retail Individual Bidders category is 1,010,815 Equity Shares to 18,075 applicants. 4,932 applications for 247,728 Equity Shares were made under the ASBA process. 4,910 applications for 247,013 Equity Shares were found valid and they were considered for allotment. B. Allocation to Non Institutional Investors The Basis of Allocation to the Non institutional Investors, who have bid at or above the Issue Price of Rs 490/- per Equity Share, was finalized in consultation with BSE. The category was subscribed 0.36 times. Hence full and firm allotments were made to all valid applicants in this category. The total number of shares allotted in this category is 342,186 Equity Shares to 48 applicants. C. Allocation to Qualified Institutional Buyers 2,418,899 equity shares being the aggregate unsubscribed portion from Retail Individual Investors & Non Institutional Investors category were added to the QIB Category and hence the total number of shares allotted to QIBs were 8,076,749. Since, Anchor Investors were allotted 1,697,345 shares, the balance shares available for allotment to QIBs was arrived at 6,379,404. Allocation to QIBs have been done on a proportionate basis in consultation with the Bombay Stock Exchange Limited. As

per the SEBI Regulations, Mutual Funds were initially allotted 5% of the quantum of shares available (318,970) and other QIBs and unsatisfied demands of Mutual Funds were allotted the remaining available shares (6,060,434) on proportionate basis. Mutual Funds were allotted 5% for QIB segment and other QIB applicants were allotted 55% of the shares for QIB segment. Insurance Companies 1,137,679

Category No.of Shares

Fls/Banks

MFs

Flls

Total

792,875

2,761,987

3,384,208

8,076,749

D. Anchor Investors The Company allocated 1,697,345 Equity Shares to 4 Anchor Investors in consultation with the Global Co-ordinaters and Book Running Lead Managers and Book Running Lead Managers. This represents 30% of the QIB Portion. The IPO committee of the Company at its Meeting held at Mumbai on December 22, 2009 has approved the basis of allocation of shares of the Issue and the Board of Directors at their meeting held on December 23, 2009 have allotted the Equity Shares to various Bidders. The Refund Orders and allotment advice and notice have been dispatched to the address of the investors as registered with the depositories. In case the same is not received within ten days, investors may contact at the address given below. The Refund Orders have been overprinted with the Bank Mandate details as registered, if any, with the depositories. The shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is taking steps to get the Equity Shares admitted for trading on National Stock Exchange of India Limited and Bombay StockExchange Limited within seven working days from the date of approval of the basis of allocation.

BIBLIOGRAPHY

Text Books Indian financial system Author : P.N.Varshney & D.K. Mittal Publication :Sultan chand & sons Page No. 1.8-1.10

Investment Analysis & Management Author : Clark Francis , MC Graw Hill N.Y. USA Page No. : according to chapter

Journals IOSCO Report on the Activities of godrej proprieties ltd. Implementation of the New Capital Adequacy Framework Reserve Bank of India Prudential Guidelines on Capital Adequacy and Market Discipline godrej Report on Rated MBS Poo

Websites www.godrejproprieties.com Link: http://www.sebi.gov.in/

www.wikipedia.org. Link: http://www.wikipedia.com

www.godrej.org.in Link: http://www.rbi.org.in/content/ncfm/curriculam.htm

www.onicra.com Link: http://www.onicra.com /credit-rating instruments tm.

CONCLUSION