Godrej Properties Limited is tapping the capital markets with an IPO which opens on Wednesday the 9th of December 2009 and closes on Friday the 11th of December 2009. The price band for the same has been fixed at Rs 490-Rs 530.

The fresh issue is for 94,29,750 shares. The company would raise between Rs 462 crs and Rs 499.77 crs. The post issue capital would be 6,98,50,009 shares, valuing the company at the lower price band at Rs 3422 crs and the higher price band Rs 3702 crs.