Godrej Properties Ltd, will come out with its proposed initial public offer (IPO) on December 9 and close on December 11, 2009. The company is planning to come out with an issue size of 94.29 lakh equity shares and the initial public offer will constitute 13.5 per cent of the post issue paid up capital of the company.
The face value of each equity share is Rs 10 each.
Fund Use it plans to use Rs 203 crore for acquiring land for its forthcoming projects. Moreover, it also intends to spend Rs 172 crore for loans repayment. Besides, the company would utilize Rs 75 crore for construction of the realty firm’s forthcoming projects in a three years time.
Listing : National Stock Exchnage (NSE) and Bombay Stock Exchange (BSE).
Book runners: ICICI Securities, Kotak Mahindra Capital Company