Godrej Properties Limited which had tapped the capital markets with a public issue was subscribed. The issue had opened on Wednesday the 9th of December and closed on Friday the 11th of December 2009. The issue was subscribed 4 times. The subscription has come from QIB investors who had oversubscribed the same 7.44 times. The HNI and Retail portions were undersubscribed. The demand for the issue has come in at the lower price band of Rs 490. Anchor Investors were allotted shares at the top end of the price band of Rs 530.

It now appears that the issue would be priced at the lower band of Rs 490. Details of the subscription are as follows:-