Godrej Properties likely to raise funds through QIP

17 Mar 2012

Godrej Properties (GPL), the real estate development arm of the Godrej Group, has decided to raise funds by issuing up to 7,442,555 equity shares of, with a right to allot an additional of up to 744,255 equity shares in case of oversubscription, to eligible qualified institutional buyers by way of an institutional placement programme. The price band or the floor price and the issue opening and closing dates will be decided in consultation with the book running lead managers.

The company has posted 103.39% increase in consolidated net profit to Rs 26.95 crore for the quarter ended December 31, 2011 against Rs 13.25 crore for the corresponding period. The company’s net sales stood at Rs 99.84 crore, 277.60% up from Rs 26.44 crore in the year-ago period.

Related Godrej Properties Ltd. Links:

Godrej Properties Share Price

878.70 -9.60 (-1.08%) Sep 29, 18:01
1 Year Price Chart
Peers
Company Name CMP
Dilip Buildcon 339.35
NBCC (India) 23.75
Sobha 228.65
JMC Projects (India) 51.10
Prestige Estate Proj 244.85
View more..
Sensex vs Godrej Properties
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

Callback