Public Relations

Godrej Properties listing on Jan 5

Realty developer Godrej Properties will be listed on the Bombay Stock Exchange (BSE) on January 5. - Panel seeks black-listing L&T, Siemens; Infy"s Murthy not spared - AIG Asia unit listing to raise up to $20 bn: report - Investors lap up DB Corp IPO - Godrej Properties fixes IPO price at Rs 490 - Cox & Kings makes an impressive debut - Godrej Properties IPO over-subscribed 1.13 times on debut With effect from January 5, the company would list about 6.98 crore equity shares with a face value of Rs 10 each, the BSE said in a circular. The company fixed the issue price for its IPO at Rs 490 a share--the lower-end of price band, while the IPO was priced in the range of Rs 490-530 per share. The offer, opened on December 9 was subscribed four times and closed on December 11, raising Rs 462 crore. The realty firm, which is promoted by Godrej Industries and Godrej & Boyce Manufacturing Company, intends to use the offer proceeds to acquire land, new projects and to repay loans.

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