The initial Public offer (IPO) of Godrej Properties Ltd has been subscribed 3.97 times as per lastest data. The issue received 979 crore bids. The total QIB portion was subscribed 551 percent, while the QIB portion (non anchor) was subscribed 745 percent.
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The retail portion was subscribed 36 percent. The issue will constitute 13.5 percent of the post issue paid up capital of the company. Parent company, Godrej Industries currently holds 80.25 percent of equity share capital in the company.
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