The initial public offering (IPO) of Mumbai based Godrej Properties has been subscribed 2.63 times so far, as per data available on the NSE website. The major support has been coming from qualified institutional investors; their reserved portion got subscribed 2.43 times, till yesterday.
The issue of 9,429,750 equity shares of Rs 10 each closes today and its price band is at Rs 490-530 per share.
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