Ipo Study

INTRODUCTION TO THE IPO Godrej Properties came let out with an IPO of 9,429,750  blondness 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 comport issue paid-up capital of the company. Godrej Industries, the parent company, at that sentence 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 use for acquisition of contribute development rights for approaching 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 net profit 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 crown alliance Limited, IDFC SSKI Limited and Nomura Financial Advisory and Securities (India) one-on-one Limited. Karvy Computershare Private Limited was the registrar. We would not recommend investors to invest in this IPO.

check over out this blog for details on subscription, allotment and list! minimal Subscription If the political party does not receive the minimum subscription of 90% of the discover, in cluding devolvement of underwriters within ! 60 days from the Bid/ thing last Date, the Company shall forthwith refund the entire subscription add together received. If on that point is a delay beyond octonary (8) days after the Company becomes liable to pay the amount, the Company shall pay touch on prescribed under slit 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 entrust be refunded forthwith. Further, we shall ensure that the number...If you want to draw a ivory on a full essay, order it on our website: BestEssayCheap.com

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