Godrej Properties Limited listed yesterday with a bang. This was the second of the back to back issues which had opened for subscription between the 9th and 11th of December. The issue was in a price band of Rs 490-530 and was priced at the lower end of the band at Rs 490.
The share listed at Rs 510 on the BSE and Rs 511 on the NSE respectively. The highs were Rs 586.70 on the BSE and Rs 586.80 on the NSE. The lows were Rs 500 on the BSE and Rs 502.15 on the NSE.
| Exchange | Open | High | Low | Close | Net Change | % gain | Wt Avg | Volume | Delivery | Del % age |
| BSE | 510.00 | 586.70 | 500.00 | 534.55 | 44.55 | 9.09 | 551.48 | 5260628 | 480001 | 9.12 |
| NSE | 511.00 | 586.80 | 502.15 | 537.25 | 47.25 | 9.64 | 551.56 | 8707481 | 1386577 | 15.92 |
| Total | 13968109 | 1866578 | 13.36 |
The share was well received and the listing day went off well. The total traded volume was almost 1.4 cr shares or almost 1.5 times the size of the IPO. Delivery volume of 18.66 lakhs was 13.36% of the traded volume and roughly 19.85% of the shares offered in the IPO. The listing has gone off well and investors have been well rewarded on day one itself. Indications from traded volume, weighted average and trading pattern indicate that the stock is likely to perform even better today.
