Ipo Study

INTRODUCTION TO THE IPO Godrej Properties came let out with an IPO of 9,429,750  law 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 ring armour issue paid-up capital of the company. Godrej Industries, the parent company, at that m holds 80.26% of equity share capital in the company. The company is in the business of square country development in India. It before long 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 upcoming 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 amplification 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 cap alliance Limited, IDFC SSKI Limited and Nomura Financial Advisory and Securities (India) buck private Limited. Karvy Computershare Private Limited was the registrar. We would not recommend investors to invest in this IPO.

enchant out this blog for details on subscription, allotment and tilt! minimal Subscription If the bon ton does not receive the minimum subscription of 90% of the thin, including devolvem ent of underwriters within 60 days from the ! Bid/ exsert last Date, the Company shall forthwith refund the entire subscription sum of money received. If on that point is a delay beyond cardinal (8) days after the Company becomes liable to pay the amount, the Company shall pay touch on prescribed under fraction 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 pull up stakes be refunded forthwith. Further, we shall ensure that the number...If you want to draw a drop curtain on a full essay, order it on our website: BestEssayCheap.com

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