Analysis and Insights into the world of IPOs and investing in India

Wednesday, December 9, 2009

Godrej Properties IPO gets subscribed 1.23 times on first day

Godrej Properties IPO has been subscribed 1.23 times on its opening day, with bids received almost entirely in the QIB Category, which is oversubscribed 2.39 times. The IPO, however, has failed to garner much response from the HNI and Retail Category on Day 1. Following is the bidding status of Godrej Properties IPO on its first day:

Godrej Properties IPO Bidding Status as on Wednesday, December 09, 2009 1700 hrs IST:
QIB: 2.39 times
Non-Institutional Investors: 0.01 times
Retail: 0.02 times
Overall: 1.23 times
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1 comments:

  1. High Price. Don't Invest by Brand "Godrej". Check customer satisfaction & profit earning cabability. I'm the customer and making loss by buying "Woodsman Estate" property of Godrej in Bangalore, which is making loss. But half of the flats are empty and not finished. very poor quality.

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