RSS Feed (xml)

Powered By

Skin Design:
Free Blogger Skins

Powered by Blogger

Monday, February 01, 2010

Some details on Godrej Properties

Godrej Properties, a unit of Godrej Industries Ltd, raised around Rs469 crore selling 9.4 million shares in December in an IPO that was subscribed four times. The company had fixed its issue price at the lower end of a Rs490-530 range.

The shares touched a high of Rs586.70 on Tuesday, having opened at Rs514.75, and closed at Rs534.55—a gain of 9% on the day. The brand name Godrej surely added positive results on IPO success but its faith will depend on its Valuations.

A sizeable number of Godrej Properties' projects are slated for completion post 2012. While revenue on these projects would be booked on percentage completion basis, sale of projects would be yet another issue. The current proportion of projects sold is in the range of 20-45 per cent (except in case of the Mahalaxmi and Bangalore residential projects), and this includes those already launched and slated for completion by 2010.

The company does own development rights to large tracts of land in Vikhroli and a few other cities with group/promoter companies which may help scale up its revenue base significantly once these projects materialise. However, such revenue stream would be available only over the next three-five year period. These developments may be triggers to reconsider investing in the stock.


Anonymous said...

I truly believe that we have reached the point where technology has become one with our lives, and I am 99% certain that we have passed the point of no return in our relationship with technology.

I don't mean this in a bad way, of course! Societal concerns aside... I just hope that as memory gets less expensive, the possibility of uploading our memories onto a digital medium becomes a true reality. It's a fantasy that I daydream about all the time.

(Posted on Nintendo DS running [url=]R4 SDHC[/url] DS SeKu)

Anonymous said...

I just discovered the website who discuss about
home business reviews

If you want to know more here it is
home business opportunity

Anonymous said...

You have got to see this. Obama playing on XBox. Funniest video ever.