Godrej properties

Godrej Properties is a subsidiary of Godrej Industries. The company has so far

completed 23 projects, selling about 3.2 million square feet of residential and
commercial property, mostly in Mumbai and its adjoining cities. It currently holds an
estimated saleable area of 50 million sq. ft, of which only about 4 per cent is from its
own land reserve. The company plans to raise about Rs 500 crore through this public
offer, a good part of which would be used to acquire development rights for its
forthcoming projects.

Objectives or purpose of the IPO:

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges &
to raise capital to:

1. Acquisition of land development rights for Forthcoming Projects;

2. Construction of their Forthcoming Project;
3. Repayment of loans; and
4. General Corporate Purposes.

Issue Details:

Issue Open: Dec 09, 2009 - Dec 11, 2009

Issue Type: 100% Book Built Issue IPO
Issue Size: 9,429,750 Equity Shares of Rs. 10
Issue Size: Rs. 462.06 Crore
Face Value: Rs. 10 Per Equity Share
Issue Price: Rs. 490 - Rs. 530 Per Equity Share
Minimum Order Quantity: 13 Shares
Listing At: BSE, NSE

Maximum Subscription Amount for Retail Investor: Rs.100000

Godrej Properties Ltd GPL IPO Grading / Rating

ICRA has assigned a 'ICRA IPO Grade to the proposed IPO issue of Godrej Properties
Ltd (GPL). 'ICRA IPO Grade 4' indicates above average fundamentals.
As far as capital structure are concern godrej properties using Equity of Rs. 31.76
Crores. Bse code is 500164, NSE code is GODREJIND. Underwriters were the banks.
Luthra and S&R advised eight underwriters and S&R acted for seven,

Views of media about the ipo

Investors can currently refrain from the initial public offer of Godrej Properties. At the
offer price, the stock would trade at 33-36 times it’s expected sustainable per share
earnings for FY-10 on an expanded equity base.

With limited projects slotted for completion over the next one-two years, the offer price
band of Rs 490-530 does appears a tad expensive for retail investors. The company
may warrant a re-look on any sharp stock price declines or on improved scale of
operations. Though such valuations are accorded to large players such as DLF and
Unitech, Godrej Properties may not be strictly comparable, due to a much smaller
revenue base and less diversified operations. Stocks of mid-sized realty companies (a
segment in which Godrej Properties can be classified) trade at a good discount to the
larger ones.

Godrej to build India's first green township in city(Ahmadabad)

Godrej Properties IPO over-subscribed 1.13 times on debut

How the stock performed after getting enlisted on exchange

In December 2009 there was ipo and from January it is the scene of stock in
market
In January it was 534

In February it was 487

In March it was 482

In April it was 513

In may it was 498

In June it was 522

In July it was 631

In august it was 675

In September it was 732

So we can say that investors have gained a lot profit due to investing in this ipo. Issue
price was 490 in December and till now it is increasing. And it is predicted that in at the
end of September month prices may decrease because by seeing the graph. On 27th
September it was 728. And hence it is decreasing. And according to me it will continue
to decrease.

17 may meeting mei 4rs means 40% dividend decide hua