Public issue of 94,29,750 Equity shares of Rs. 10/-each of Godrej Properties Limited ("GPL" or the "Company" or the "Issuer") where 16,97,345 equity shares were issued for cash at a price of Rs. 530 per equity share (including a share premium of Rs. 520 per equity share) and 77,32,405 equity shares were issued for cash at a price of Rs. 490/- per equity shares (including a share premium of Rs. 480/- per equity share) collectively aggregating to Rs. 468.85 Crores (The "Issue"). The issue will constitute 13.50% of the post issue paid up capital of the comapny.
The Face Value of each equity share is Rs. 10. The Floor price is Rs. 490 and the Cap price was Rs. 530. The Issue price is 49 times the face value at the lower end of the price band and 53 times the face value at the higher end of the price band.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
09-Dec-2009
11-Dec-2009
₹ 490.00
₹ 0.00
Minimum Application for shares in Nos : 13.0
Further Multiples of : 13.0
(₹)Cr.
Lead Managers to the Issue
Project Cost
717.66
ICICI Securities Ltd
Project Financed through Current Offer
468.85
Post Issue Equity Share Capital
69.85
Issue Price
₹490.00
Projects
Acq. of land devl. rights for forthcoming Projects