Godrej Properties IPO subscribed 4 times

The Initial Public Offering (IPO) of Godrej Properties Limited which closed for subscription on December 11, 2009 has received subscription of 4 times.

The IPO has received total bids for 30950933 equity shares against the offer of 7732405 equity shares. The issue has received bids for 979121 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue has received bids for 29503552 equity shares against the offer of 3960505 equity shares resulting in a subscription of 7.4494 times.

The Non Institutional Investors portion of the issue received subscription of 0.4090 times with bids for 385710 equity shares against the offer of 942975 equity shares.

The Retail Individual Investors (RIIs) portion of the issue has received bids for 1061671 equity shares against the offer of 2828925 equty shares resulting in a subscription of 0.3753 times.

Source : Equity Bulls

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