Godrej Properties Limited had tapped the capital markets with its IPO during 9th December 2009 to 11th December 2009 in a price band of Rs 490 to Rs 530. The issue was subscribed 4 times primarily by QIB’s who bid for 7.45 times the shares offered to them. The retail and Non-Institutional portion remain under subscribed. The price has been fixed at the lower price band of Rs 490.