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Godrej Properties likely to raise funds through QIP

17 Mar 2012 Evaluate

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.

Godrej Properties Share Price

1758.65 11.15 (0.64%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 871.70
Dilip Buildcon 457.55
DLF 601.80
Oberoi Realty 1710.00
Ahluwalia Contract(I 832.90
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