Thursday, December 10, 2009

Brokers`view on Godrej Properties IPO

Real estate player, Godrej Properties enters capital markets today with an initial public offering (IPO) of 9.40 million shares at a price of Rs 10 each. Its price band is at Rs 490-530 a share. The issue will end on Dec. 11, 2009.
1) Angel Broking:

The brokerage house has maintained a `Neutral` view on the IPO and feels the IPO is fairly priced.

2) KRChoksey:

The brokerage house feels the IPO is good bet for long term investors.

3) S P Tulsian:

Issue is steeply priced and much better plays are available in the secondary market and our advice is to give a skip to the issue.

4) Bonanza Portfolio:

The brokerage house feels that the IPO is asking too much for `Godrej` Brand. However, it feels that the IPO can be opted for listing gains.

5) KC Securities:

The brokerage house has recommended an `AVOID` to the issue. The justifications given are as under:

To read more, pleae, visit Myiris news

Related Story:

Godrej Properties' IPO - En-cashing Brand Equity

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