Tuesday, June 3, 2008

Godrej Properties IPO - Files for DRHP with SEBI

About Godrej Properties
Godrej Properties was established in 1990 as a real estate development company within the Godrej Group of businesses. The company was originally incorporated as Sea Breeze Constructions and Investments Private Limited on February 8, 1985. godrej properties logo

The company’s name was changed to Godrej Properties and Investments Private Limited on July 2, 1990 and subsequently to Godrej Properties Limited on November 23, 2004. Since 1897, customers have trusted Godrej to deliver innovation and excellence across a broad spectrum of services and products.
About Godrej Properties IPO Details
Godrej Properties, one of the leading real estate development companies in India, proposes to enter the capital markets to raise necessary funds for the company’s expansion plans and has filed a draft red herring prospectus with SEBI.The company proposes an initial public offering of 9,429,750 equity shares of Rs 10 each through 100% book building process to part finance this plan.

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