Great Start to the share – Trading about 14% higher
Godrej Properties Limited, the second of the three back to back issues and had a great listing. The share listed at Rs 510 on the BSE and Rs 511 on the NSE respectively. The lows on the two exchanges were Rs 500 on the BSE and Rs 502.15 on the NSE respectively. The highs were Rs 586.70 and Rs 586.80 respectively. Trading has been very brisk and more than half the issued shares of 94 lakhs have been traded in the first thirty five minutes of trade. The total traded volume is 47.9 lakhs in 35 minutes.
| Exchange | Open | High | Low | Close | Net Change | % gain | Volume | Wt Avg |
| BSE | 510.00 | 586.70 | 500.00 | 560.00 | 70.00 | 14.29 | 1930843 | 566.43 |
| NSE | 511.00 | 586.80 | 502.15 | 560.40 | 70.40 | 14.37 | 2859930 | 567.94 |
| Total | 4790773 |
Readers would recall that Godrej Properties had launched its issue in a price band of Rs 490-530 during the 9th to 11th of December 2009. The issue did not receive adequate response from retail investors but was oversubscribed by QIB’s. The issue was priced at Rs 490, the lower price band. As of the time of writing the share is holding well and is trading about 14% higher than the issue price.
It would be interesting to see where the share closes at the end of the day. The share needs to close at or higher than Rs 540 at the end of the day for it to be a good listing and the share would then have weathered the opening onslaught that is normally witnessed on listing day.
SIR YOUR THOUGHTS AND VIEW POINTS ON IPO ARE COMENDABLE YOU JUST READ AND YOUR SENSES GET ACTIVATED TO TAKE A CONCERETE CALL OF INVESTMENTS IRRESPECTIVE OF COMPANIES ITS YOUR UNBIASED VIEWS THAT HELPS INVESTORS OF THEIR HARD EARNED MONEY .
SIR WE NEED YOUR GUIDANCE ON MUTUAL FUND ON LINE TRADING WHICH IS LAUNCHED RECENTLY BY NSE & BSE.