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The initial public offering (IPO) of Mumbai based Godrej Properties has been fully subscribed on the first day of issue opening. Qualified institutional investors' portion got subscribed 1.5 times, reports CNBC-TV18. Its issue is of 9,429,750 equity shares of Rs 10 each and price band is at Rs 490-530 per share. The issue will close on December 11, 2009.
The company has already roped in anchor investors and collected nearly Rs 90 crore from them at Rs 530 per share.
The company has already roped in anchor investors and collected nearly Rs 90 crore from them at Rs 530 per share.