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Godrej Properties commands 9% premium on debut
Godrej Properties ended the debut day at Rs 534, which is a premium of 9% to its issue price of Rs 490. - Godrej Properties listing on Jan 5 - Investors lap up DB Corp IPO - Godrej Properties fixes IPO price at Rs 490 - Godrej Properties IPO over-subscribed 1.13 times on debut - Godrej Properties may join affordable housing bandwagon - Godrej Properties fixes IPO price band at Rs 490-530 The stock touched a high of Rs 586 and a low of Rs 500 during the day. A total of 52,60,628 shares were traded on Day 1. -----------------------------------------------------------------------------------(Updated at 0909 am) Godrej Properties lists at Rs 510 on the BSE as against the issue price of Rs 490. The stock touched a high of Rs 578, and is now trading at Rs 567 on the BSE - a hefty premium of 15.7% to the issue price. The company"s IPO was subscribed 4 times the issue size, and the issue price was set at the lower end of the trading band. Although the retail portion was under-subscribed, the overall the IPO received bids for 30.95 million shares as against the offer of 7.73 million shares.Aussie expat loans commented:
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09.05.2012