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CONTEMPORARY ISSUE ON SEMINAR

A STUDY ON

Session: 2012-13

Presented at

SUBMITTED IN PARTIAL FULFILLMENT TO

THE RAJASTHAN UNIVERSITY

For the Degree of

BACHELOR OF BUSINESS ADMINISTRATION

Submitted By: - Submitted To:-

Yak Khan Ms. Ekta

BBA IV Sem.

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Acknowledgement

The beatitude, bliss & euphoria that accompany successful completion any

task would not be completed without the expression of appreciation of simple

virtues to the people who made it possible.

So, I take my immense pleasure in expressing a whole hearted thanks to all

the faculty members who guided me all the way making this project

successful.

It is my privilege to express a deep sense of gratitude and thanks to Ms. Ekta

Sharma for providing us various information directly related to project.

I am also thankful to Ms...Ekta Sharma..for her guidance & cooperation

in this work.

I extend my gratitude and thankfulness to Parishkar college of global

excellence.

Date: Submitted By:

Place: Jaipur Yakub Khan

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Preface

The underlying aim of the seminar on contemporary issue as an integral part

of MBA program is to provide the students with practical aspects of the

organization working environment.

Such type of presentation helps a student to visualize and realize about the

congruencies between the theoretical learning in the premises of college and

actual followed by the organization. It gives the knowledge of application

aspect of the theories learnt in the classroom.

The seminar project in Godrej Properties Ltd is a complete experience in

itself, which provide me with the understanding. This has become as

inspirable of my knowledge of management being learned in MBA program.

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Godrej Group is one of the largest conglomerates based inMumbai,India, involved

in various industries that include appliances, precision equipment, machine tools,

furniture, healthcare, interior solutions, office equipment, food-processing, security,

materials handling and industrial storage solutions, construction and information

technology. Its products include security Systems and Safes, Typewriters and Wordprocessors, Rocket Launchers, Refrigerators and Furniture, Outsourcing Services,

Machine Tools and Process Equipment, Cosmetics and Detergents, Engineering

Workstations, Medical Diagnostics and Aerospace Equipment, Edible Oils and

Chemical, Mosquito Repellents, Car perfumes, Chicken and Agri-products, Material

Handling Equipments Like FORKLIFT Trucks, Stackers, Tyre handlers, Sweeping

machines, access equipments etc. The Group is headed by Mr. Adi Godrej & Mr.

Jamshyd Godrej.

Traditionally, Vikhroli, a suburb to the Northeast of Mumbai has been

Godrej's manufacturing base, but increasingly the group have moved significant

production facilities away from Mumbai. The Godrej group also owns vast land in

Vikhroli, occupying 3500 acres (14 sq km) of land on both sides of the Vikhroli

section of the LBS marg. That makes the Godrej group the biggest private land owner

in Mumbai by far. Such vast land can, in theory, be used to create at least 1500 acres

of residential floor space, which, at very modest rates (Rs.10000/sq ft), can be sold for

USD 16 billion . Thus, the Godrej group is sitting on an invisible cashpile that is envy

of other Indian conglomerates.

Timeline

1897 - Godrej & Boyce Mfg. Co. Ltd established

1918 - Godrej Soaps Limited incorporated

1961- Godrej Started Manufacturing Forklift Trucks in India

1971- Godrej Agrovet Limited began as an Animal Feeds division of Godrej

Soaps

1974 - Veg oils division in Wadala, Mumbai acquired

1990 - Godrej Properties Limited, another subsidiary, established

1991 - Foods business started

1991 - Godrej Agrovet Limited incorporated

1994 - Transelektra Domestic Products acquired

1995 - Transelektra forged a strategic alliance with Sara Lee USA

1999 - Transelektra renamed Godrej Sara Lee Limited
http://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Vikhrolihttp://en.wikipedia.org/wiki/Vikhrolihttp://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/Vikhrolihttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Mumbai

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2001 - Godrej Consumer Products was formed as a result of the demerger of

Godrej Soaps Limited. Godrej Soaps renamed Godrej Industries Limited

2002 - Godrej Tea Limited set up

2003 - Entered the BPO solutions and services space with Godrej Global

Solutions Limited

2004 - Godrej HiCare Limited set up to provide a Safe Healthy Environment

to customers by providing professional pest management services

2006 - Foods business was merged with Godrej Tea and Godrej Tea renamed

Godrej Beverages & Foods Limited

2007 - Godrej Beverages & Foods Limited formed a JV with The Hershey

Company of North America and the company was renamed Godrej Hershey

Foods & Beverages Limited

2008 - Godrej relaunched itself with new colourful logo and a fresh identity

music

.

Corporate Details

Adi Godrej is the current Chairman of the Godrej Group. Godrej & Boyce

Mfg. Co. Ltd. is headed by Mr. Jamshed Godrej. The Group revenue was

approximately US$ 1.7 billion in financial year 06/07. Godrej Interio is the flagship

company of the group. The Godrej group can be broadly divided into two major

holding companies, working independently:

1. Godrej Industries Ltd.

2. Godrej & Boyce Mfg. Co. Ltd.

Achievement

In 1897, Godrej introduced the first lock with lever technology in India.

In 1902, Godrej made the first Indian safe.
http://en.wikipedia.org/wiki/Adi_Godrejhttp://en.wikipedia.org/wiki/Adi_Godrejhttp://en.wikipedia.org/w/index.php?title=Godrej_Industries_Ltd.&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Godrej_Industries_Ltd.&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Godrej_%26_Boyce_Mfg._Co._Ltd.&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Godrej_%26_Boyce_Mfg._Co._Ltd.&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Godrej_%26_Boyce_Mfg._Co._Ltd.&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Godrej_Industries_Ltd.&action=edit&redlink=1http://en.wikipedia.org/wiki/Adi_Godrej

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In 1920, Godrej made soap using vegetable oil, which was a huge hit with

the vegetarian community in India

In 1955, Godrej produced India's first indigenous typewriter

In 1989, Godrej became the first company to introduce PUF (Polyurethane

Foam)

Introduced India's first and only 100% CFC, HCFC, HFC free refrigerators

Awards

GCPL, the Highest Ranked Indian FMCG in Asia's Hot Growth Companies'

List by Business Week

Godrej Consumer Products Ltd. has been ranked 14th in The Best Companies

to Work For study. This study was jointly conducted by Business Today,

Mercer and Taylor Nelson Sofres (TNS)

Godrej Consumer Products Ranks 6th in ET-Hewitt Best Employers of India

survey

GCPL ranked 15th in Great Places to Work 2006 survey

The Corporate Citizen of the Year Award given by Economic Times.

Flagship brands Goodknight, Cinthol and Ezee selected Superbrands by theSuperbrands Council

Godrej Sara Lee, the JV between the Godrej Group and Sara lee Corporation,

USA is acknowledged the World's largest mat manufacturers and South Asia's

largest manufacturers of Coils.

Godrej Consumer Products Limited, adjudged as a Business Superbrand by

the Super Brands Council.

The Return on Capital Employed and Return on Net Worth ratios of Godrej

Consumer Products - the highest in corporate India.

Godrej Consumer Products was awarded the "Best Managed Workforce"

award given by Hewitt Associates and CNBC TV18.

Godrej Consumer Products features in the Top 25 list of Great Places to Work

(survey conducted by GrowTalent in association with Business World) for

four years in a row.

Lifetime Achievement Award for Godrej Industries from CHEMEXCIL, the

Basic Chemicals Pharmaceuticals and Cosmetics Exports Promotion Council.
http://en.wikipedia.org/wiki/Taylor_Nelson_Sofreshttp://en.wikipedia.org/wiki/Taylor_Nelson_Sofres

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Establi shed Brand Name

Godrej group of companies is one of the leading conglomerates in India. It

believes the Godrej brand is instantly recognizable amongst the populace in India

due to its long presence in the Indian market, the diversified businesses in which the

Godrej group operates and the trust they believe it has developed over 112 years of

operations. The Godrej group was awarded the Corporate Citizen of the Year award

by the Economic Times in 2003 and the Godrej brand was selected as the fourth best

brand in India in The Week magazines Mood of the Nation @ 60 survey published

on August 19, 2007. They believe they have carried forward this brand name and

reputation for quality to the real estate market in their locations of operation.

Transparency and efficiency in operations have helped us in developing long-term

relationships with their customers as well as investors in the real estate market,

business partners, contractors and suppliers. They have received many business

awards and recognition, including being featured among Indias Top 10 Builders in

2006, 2007, 2008 and 2009 by Construction World and Indias Best Companies to

Work For (first in construction and real estate) in 2009 by Great Places to Work,

India, in partnership with the Economic Times. In 2008, they received the Corporate

Governance of the Year award by Accommodation time.

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Products and Services

Appliances

Offerings in the refrigerator, washing

machine, air conditioner and microwave

oven ranges.

Furniture

Furniture for home, office, educational

institutions, establishments, labs,

hospitals, shipyard...

FMCG

Cinthol, Hersheys Chocolate Syrup,

Good Knight mosquito repellent, Hair

Colour and Hair Dye.

Real Estate

Residential, commercial and township

developments.

Agri

Animal feed, oil palm plantations,

agrochemicals and poultry.

AV Solutions

Display solutions, audio video

conferencing solutions, electronic copy

boards.

Chemicals

Oleochemicals and surfactants.

Construction

Variety of construction services like real

estate development, ready mix concrete,

horticulture and enviro-tech.
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Electricals and Electronics

Industrial automation, power distribution,

compressed air solutions & green

business commissioning.

IT & Software Solutions

Solutions for engineering and service

industry.

Locks

Locking solutions for different security

needs to ensure optimum safety. Some of

the well known brand...

Material Handling

Counter balance trucks, forklift trucks,

tyre handlers, all terrain trucks,

attachments and accessories.

Motors

Specialized custom built compressor

motors.

Precision Engineering

Critical custom-built precision

engineering equipments for multiple

applications.
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Precision Systems

Machining & fabrication, heat & surface

treatment, assembly, testing & supply of

complex...

Process Equipment

High pressure vessels, heat exchangers,

columns, heavy walled reactors and other

custom...

Security Solutions

Safes, lockers, banking automation

products, electronic security systems,

premises security & hi-tech doors.

Storage Solutions

Warehousing solutions, automation and

consulting.

Tooling

Die casting dies, press tools, special

purpose machines and engineering

services.

Vending

High quality table top beverage vending

machines, services and beverages.
http://new.godrej.com/godrej/vending/index.aspx?id=7http://www.godrejtoolings.com/http://www.godrejstoragesolutions.com/http://www.godrejsecurityequipment.com/http://www.godrejped.com/http://www.godrej.com/GodrejNew/GodrejHome/OurCompanies/GNB/IndustrialProducts/PrecisionCompSys/http://new.godrej.com/godrej/vending/index.aspx?id=7http://www.godrejtoolings.com/http://www.godrejstoragesolutions.com/http://www.godrejsecurityequipment.com/http://www.godrejped.com/http://www.godrej.com/GodrejNew/GodrejHome/OurCompanies/GNB/IndustrialProducts/PrecisionCompSys/http://new.godrej.com/godrej/vending/index.aspx?id=7http://www.godrejtoolings.com/http://www.godrejstoragesolutions.com/http://www.godrejsecurityequipment.com/http://www.godrejped.com/http://www.godrej.com/GodrejNew/GodrejHome/OurCompanies/GNB/IndustrialProducts/PrecisionCompSys/http://new.godrej.com/godrej/vending/index.aspx?id=7http://www.godrejtoolings.com/http://www.godrejstoragesolutions.com/http://www.godrejsecurityequipment.com/http://www.godrejped.com/http://www.godrej.com/GodrejNew/GodrejHome/OurCompanies/GNB/IndustrialProducts/PrecisionCompSys/http://new.godrej.com/godrej/vending/index.aspx?id=7http://www.godrejtoolings.com/http://www.godrejstoragesolutions.com/http://www.godrejsecurityequipment.com/http://www.godrejped.com/http://www.godrej.com/GodrejNew/GodrejHome/OurCompanies/GNB/IndustrialProducts/PrecisionCompSys/http://new.godrej.com/godrej/vending/index.aspx?id=7http://www.godrejtoolings.com/http://www.godrejstoragesolutions.com/http://www.godrejsecurityequipment.com/http://www.godrejped.com/http://www.godrej.com/GodrejNew/GodrejHome/OurCompanies/GNB/IndustrialProducts/PrecisionCompSys/

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Group Companies (based on turnover)

1. Geometric Limited (GL)

Geometric was incorporated on March 25, 1994 as Geometric Software

Services Company Private Limited. The company changed its name to GeometricSoftware Solutions Company Limited on August 20, 1998 and later to Geometric

Limited with effect from October 31, 2007. It is involved in the business of designing,

developing, market and support software particularly in the field of computer aided

design and computer aided manufacture and to provide services such as designing and

developing of customized solutions in the field of computer aided manufacture,

computer aided design, modeling, geometry, machining, drafting, drawing, interfacing

with other software on a project and/or contract basis. Geometric is a 100% export

oriented unit and an industrial undertaking set up in the software technology park,

under the Software Technology Park Scheme.

2. Wadala Commodities Limited (WCL)

The company was originally incorporated as Noble Soya House Private

Limited on March 9, 1984. The last change in name of the company to Wadala

Commodities Limited was on April 8, 2008 and a fresh certificate of incorporation

under Section 23(1) of the Companies Act was issued by the Registrar of Companies,

Madhya Pradesh and Chhattisgarh. WCL is involved in the business of bulk trading of

vegetable oils.

3. Godrej Consumer Products Limited (GCPL)

GCPL was incorporated on November 29, 2000. GCPL is involved in the

business of manufacturing and marketing of products such as soaps, detergents, hair

colours and toiletries. Godrej Industries Limited holds 55,505,211 shares constituting

21.60% and Godrej & Boyce Manufacturing Company Limited hold 97,130,088

shares constituting 37.80% in GCPL.

4. Godrej Hershey Limited (GHL)

GHL was incorporated on February 7, 1997. Godrej Hershey Limited is

Company engaged in the manufacture of chocolates, confectioneries, beverages, fruit

juices etc.

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5. Godrej Agrovet Limited ( GAVL)

GAVL was incorporated on November 25, 1991. The principal activities of

GAVL is to carry on the business of breeding, raising, rearing, importing, marketing

of poultry birds (DOC) and producing, processing, packaging, supplying and selling

of poultry and other animal feeds of all kinds.

6. Vora Soaps Limited (VSL)

VSL was incorporated on October 18, 1979. VSL is not in any business since

July 1996.

7. Golden Feed Products Limited (GFPL)

GFPL was incorporate on May 27, 2003. It deals with feed and feed

supplements.

8. Godrej Efacec Automation & Robotics Limited (GEARL)

GEARL was incorporated on November 22, 1996. GEARL is a manufacturing

and trading concern and is engaged in providing warehousing solutions to

manufacturing concerns through design, manufacture and installation of automatic

storage and retrieval systems.

9. Godrej Infotech Limited (GItL)

GItL was incorporated on February 25, 1997. GItL is in the business of

providing information technology including computer hardware and software and

database management.

10. Mercury Manufacturing Company Limited (MMCL)

MMCL was incorporated on November 11, 1992. MMCL is in the business of

manufacture and export of steel furniture.

11. Godrej (Malaysia) Sdn. Bhd. (GMSB)

GMSB was incorporated on April 29, 1965. GMSB is involved in the

manufacturer of steel office furniture, shelving systems and steel fabrications.

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I nterest of Godrej I ndustri es Limi ted and Godrej & Boyce Manufacturing

Company Limi ted

Godrej & Boyce Manufacturing Company Limited holds 2,56,826 shares

constituting 83% stake in the Company. Godrej Industries Limited does not hold any

share in GMSB.

12. Godrej (Singapore) Pte Limited(GSPL)

GSPL was incorporated on October 16, 1971. It is involved in the manufacture

of and distribution of Steel Office Furniture, Shelving Systems and Steel Fabrications.


Company Limi ted

Godrej & Boyce Manufacturing Company Limited holds 24,720 shares

constituting 58.55% stake in GSPL. Godrej Industries Limited does not hold any

share in GSPL.

13. Godrej & Khimji (Middle East) LLC(GOKHIM)

GOKHIM was incorporated on May 9, 1999. GOKHIM is engaged in the

business of design, production, sale and distribution of steel furniture.


Company Limi ted

Godrej & Boyce Manufacturing Company Limited and Godrej Industries Limited do

not hold any shares in GOKHIM.

14. J.T. Dragon Pte. Limited (JTDPL)

JTDPL was incorporates on June 29, 1990. It is an investment holding

company of Godrej (Vietnam) Company Limited, Vietnam which is a manufacturer of

steel office furniture, shelving systems and steel fabrication.


Company Limi ted

Godrej & Boyce Manufacturing Company Limited and Godrej Industries

Limited do not hold any shares in the Company.

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15. Godrej (Vietnam) Company Limited (GVCL)

GVCL was incorporated on April 28, 1997. GVCL is in the business of

manufacture of steel office furniture, shelving systems and steel fabrication.


Company Limi ted

JTDPL holds 29,99,000 shares constituting 100% stake in GVCL. Godrej &

Boyce Manufacturing Company Limited and Godrej Industries Limited do not hold

any shares in GVCL.

16. Veromatic International BV (VIBV)

VIBV was incorporated on August 2, 1991. It develops and produces hot and

cold drink machines such as coffee, soup and water machines.


Company Limi ted

Godrej & Boyce Manufacturing Company Limited holds 300 shares

constituting 75% stake in VIBV. Godrej Industries Limited does not hold any shares

in VIBV.

17. Ensemble Holdings & Finance Limited (EHFL)

EHFL was incorporated on February 17, 1992. It is a loan and investment

company.


Company Limi ted

Godrej Industries Limited holds 37,74,160 shares constituting 100% stake in

the Company.

18. Swadeshi Detergents Limited (SDL)

SDL was incorporate on May 23; 1974.SDL is not in any active business since

July 1996.


Company Limi ted

GIL is holding 2,09,370 constituting 41.08% of the equity capital of SDL.

Godrej & Boyce Manufacturing Company Limited does not hold any shares in SDL.

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19. Godrej International Limited (GINL)

GINL was established on January 27, 1993 in the Isle of Man by Godrej Soaps

Limited to undertake trading in vegetable oils worldwide. As a result of the demerger

of Godrej Soaps Limited in 2001, GINL was transferred to Godrej Industries Limited.

GINL continues to trade in vegetable oils.


Company Limi ted

Godrej Industries Limited holds 23,55,000 shares constituting 100% shares in

GINL.

20. Godrej IJM Palm Oil Limited (GIPOL)

GIPOL was incorporated on November 15, 2006. It is engaged in the business

of Palm oil plantations and CPO extraction.


Company Limi ted

Godrej Industries Limited holds 2,584 shares, constituting 1.9% shares, in

GIPOL.GIPOL is an investee company of Godrej Agrovet Limited with 62,867

shares, constituting 46.29%, of the equity stake being held by Godrej Agrovet

Limited, a subsidiary of Godrej Industries Limited, which is in turn, the subsidiary of

Godrej & Boyce Manufacturing Company Limited.

21. Godrej Gold Coin Aquafeed Limited (GGCAL)

GGCAL was incorporated on September 16, 2006. It is involved in Aquafeed

business.


Company Limi ted

GGCAL is an investee company of Godrej Agrovet Limited with 53,80,916

shares constituting 49% of the equity stake being held by Godrej Agrovet Limited, a

subsidiary of GIL, which is in turn, the subsidiary of Godrej & Boyce Manufacturing

Company Limited.

22. Godrej Tyson Foods Limited (GTFL)

GTFL was incorporate on January 11, 2008. It is engaged in the business of

live bird processing and value added vegetarian and non-vegetarian products.

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Company Limi ted

GTFL is an investee company of Godrej Agrovet Limited with 85,880 Equity

Shares constituting 49% of the equity stake being held by Godrej Agrovet Limited

(with its nominees), a subsidiary of Godrej Industries Limited, which is in turn, the

subsidiary of Godrej & Boyce Manufacturing Company Limited.

23. Natures Basket Limited (NBL)

NBL was incorporated on May 29, 2008. The main object of NBL is to carry

on the business of selling, distributing, buying, acquiring, storing, packing,

transporting, importing, exporting, trading, processing, converting, producing,

manufacturing, giving on franchise retail outlets and otherwise dealing in all types of

foodstuff either for human being or otherwise, food grains, food products, beverages,

meat, fish, aqua, marine products, birds, poultry products, fruits, vegetables, grocery,

dairy product on wholesale and retail basis.


Company Limi ted

Godrej Industries Limited holds 70,50,000 shares of NBL constituting 100%

shareholding.

24. Cauvery Palm Oil Limited (CPOL)

CPOL was incorporated on September 17, 1996. It is mainly engaged in

business relating to palm oil plantations of Tamil Nadu.


Company Limi ted

CPOL is a subsidiary of Godrej Agrovet Limited holding 34,20,000 Equity

Shares constituting 90% of the equity stake being held by Godrej Agrovet Limited, a

subsidiary of Godrej Industries Limited , which is in turn, the subsidiary of Godrej &

Boyce Manufacturing Company Limited.

25. Godrej Oil Palm Limited (GOPL)

GOPL was incorporated on August 18, 2006. It is engaged in the business of

palm oil plantations and CPO extraction.

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Company Limi ted

GOPL is a subsidiary of Godrej Agrovet Limited which holds 56,400 Equity

Shares constituting 80% of the equity stake being held by Godrej Agrovet Limited, a

subsidiary of Godrej Industries Limited, which is in turn, the subsidiary of Godrej &

Boyce Manufacturing Company Limited.

26. Poultry Processors' Association of India (PPAI)

PPAI was incorporated on November 25, 1991. The brief description of its

business is promotion of scientific processing and packing of poultry birds and

products in India, training to poultry farmers and interface between the Government

and the poultry industry.


Company Limi ted

Godrej Industries Limited and Godrej & Boyce Manufacturing Company

Limited do not have any interest in PPAI.

32. Al Rahba International Trading LLC (ARIT)

ARIT was incorporated on October 18, 2004. It is involved in production and

marketing of live branded farm fresh chicken across United Arab Emirates.

I nterest of Godrej I ndustri es L imi ted and Godrej & Boyce Manufactur ing

Company Limi ted

Godrej & Boyce Manufacturing Company Limited and Godrej Industries

Limited do not have any interest in ARIT.

33. ACI Godrej Agrovet Private Limited

ACI Godrej Agrovet Private Limited was incorporated on October 10, 2004. It

is engaged in the business of Agri-business specifically Poultry feed, fish feed, cattle

feed and DOC.

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GODREJ PROPERTIES LIMITED

They were originally incorporated as Sea Breeze Constructions and

Investments Private Limited on February 8, 1985 under the Companies Act, 1956

with the RoC. The name of the Company was changed to Godrej Properties andInvestments Private Limited pursuant to a special resolution of the shareholders dated

July 2, 1990. In the year 1991, the status of Company was changed to a deemed

public company by deletion of the word Private from the name of the Company.

Subsequently the status was changed to a public limited company pursuant to a

special resolution of the members passed at the extraordinary general meeting on

August 1, 2001. The name was further changed to Godrej Properties Limited pursuant

to a special resolution of the members passed at the extraordinary general meeting on

November 23, 2004.

Registered and Corporate Office of Company

Godrej Properties Limited

Godrej Bhavan, 4th Floor,

4A, Home Street, Fort,

Mumbai 400 001

Tel: (91 22) 6651 0200

Fax: (91 22) 2207 2044

Website: www.godrejproperties.com

Registration Number: 11-35308

Company Identification Number: U74120MH1985PLC035308

Company Secretary and Compliance Officer :

Mr. Shodhan A. Kembhavi

Tel: (91 22) 6651 0200, Fax: (91 22) 2207 2044, Email:

[email protected]

Promoters Of The Company :

Godrej & Boyce Manufacturing Company Limited And Godrej

Industries Limited

Public issue of 9,429,750 equity shares of Rs. 10 each of Godrej properties

limited (gpl or the company or the issuer) for cash at a price of Rs. [] per

equity share (including a share premium of Rs.[] per equity share) aggregating to Rs.
mailto:[email protected]:[email protected]:[email protected]

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[] crores (the issue). The issue will constitute 13.5% of the post issue paid-up

capital of the company. The face value of each equity share is Rs. 10 each. The price

band and the minimum bid lot will be decided by the company in consultation with

the global co-coordinators and book running lead managers and the book running lead

managers and advertised at least two (2) working days prior to the bid/issue opening

date. The issue price is [] times the face value at the lower end of the price band and

[] times the face value at the higher end of the price band.

Business Overview

They are one of the leading real estate development companies in India

(Source: Construction WorldIndiasTop 10 Builders) and are based in Mumbai,

Maharashtra. They currently have real estate development projects in 10 cities in

India, which are at various stages of development. Currently, their business focuses

on residential, commercial and township developments. They are a fully integrated

real estate development company involved in all activities associated with the

development of residential and commercial real estate. They undertake theirprojects

through their in-house team of professionals and by partnering with companies with

domestic andinternational operations.

Their parent company, Godrej Industries Limited, currently holds 80.26% of

their equity share capital. Godrej Industries Limited is the listed flagship company of

the Godrej group of companies. The Godrej group of companies includes Godrej &

Boyce Manufacturing Company Limited and is one of the leading conglomerates in

India. The Godrej group was awarded the Corporate Citizen of the Year award by

the Economic Times in 2003 and the Godrej brand was selected as the fourth best

brand in India in The Week magazines Mood of theNation @ 60 survey published

on August 19, 2007. Their residential portfolio consists of various types of

accommodation of varying sizes. In their commercial portfolio, they build office

space catering to blue-chip Indian and international companies, IT parks catering to

the requirements of IT/ITES companies and retail space. Their township portfolio

includes integrated townships consisting of residential and commercial developments.

During the fiscal year 2009, their total revenue contribution from operation of their

commercial activities, residential activities and other income operations was Rs.

167.66 Crores, Rs. 59.59 Crores and Rs. 23.01 Crores, respectively.

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They entered into their first project in 1991. They initially concentrated operations in

the Mumbai Metropolitan region and later expanded to include other cities such as

Pune, Bengaluru, Kolkata, Hyderabad, Ahmedabad, Mangalore, Chandigarh, Chennai

and Kochi. Developable Area refers to the total area which they develop in each

project, and includes carpet area, common area, service and storage area, as well as

other open area, including car parking. Such area, other than car parking space, is

often referred to in India as super built-up area. Saleable Area refers to the part of

the Developable Area relating to their economic interest in such property. As of

October 31, 2009, they have completed a total of 23 projects comprising 16

residential and seven commercial projects, aggregating approximately 5.13 million sq.

ft. of Developable Area.

Their Land Reserves may be broadly classified into land to be developed by us

as ongoing projects, which are projects for which approval to begin construction

has been granted by the relevant authority (Ongoing Projects), and forthcoming

projects, which are projects for which (i) land has been acquired or a memorandum

of understanding or development agreement has been executed; (ii) conversion from

agricultural land has been completed, if necessary, or an application for change in

status to nonagricultural/commercial/residential use has been submitted, or is in the

process of being submitted to the relevant authority; and (iii) internal project

development plans are complete (Forthcoming Projects). Their total Land Reserves

currently stand at 391.04 acres, aggregating to approximately 82.74 million sq. ft. of

Developable Area and 50.21 million sq. ft. of Saleable Area, which includes our

Ongoing Projects and Forthcoming Projects. The aforesaid Land Reserves include

64.23 acres which are in the process of being aggregated.

The table below provides their Land Reserves and estimated Developable

Area and Saleable Area by cities as of

October 31, 2009:

City Estimated Developable Estimated Saleable Acreage*

Area (in million sq. ft.) Area (in million sq. ft.)

Mumbai 3.69 2.26 38.85

Pune 12.32 1.33 26.23

Bengaluru 2.51 1.86 21.46

Kolkata 6.93 2.82 16.72

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Hyderabad 9.60 9.60 34.00

Mangalore 0.83 0.61 4.53

Ahmedabad 40.43 27.38 223.51

Chandigarh 0.68 0.31 1.84

Kochi 2.52 1.76 15.16

Chennai 3.23 2.26 8.75

TOTAL 82.74 50.21 391.04

Group Company City Acreage

Godrej & Boyce Manufacturing Company Limited Mohali 75

Godrej Agrovet Limited Bengaluru 100

Godrej & Boyce Manufacturing Company Limited Hyderabad 10

Total 185

Company Secretary and Compliance Officer

Mr. Shodhan A. Kembhavi


Godrej Bhavan, 4th Floor,

4A, Home Street, Fort,

Mumbai 400 001

Tel: (91 22) 6651 0200

Fax: (91 22) 2207 2044

Email: [email protected]
mailto:[email protected]:[email protected]

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Investors can contact the Compliance Officer or the Registrar to the Issue in

case of any pre or post-Issue related problems, such as non-receipt of letters of

Allotment, credit of Allotted Equity Shares in the respective beneficiary account and

refund orders. All grievances relating to the ASBA process may be addressed to the

Registrar to the Issue, with a copy to the SCSBs, giving full details such as name,

address of the applicant, number of Equity Shares applied for, Bid Amount blocked,

ASBA Account number and the Designated Branch of the SCSBs where the ASBA

Form was submitted by the ASBA Bidders. For all Issue related queries and for

redressal of complaints, investors may also write to the GCBRLMs and BRLMs. All

complaints, queries or comments received by SEBI shall be forwarded to the

GCBRLMs and BRLMs, who shall respond to the same.

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Global Co-ordinators and Book Running Lead Managers

Kotak Mahindra Capital Company

Limited

1st Floor, Bakhtawar,

229 Nariman Point,

Mumbai 400 021

Tel: (91 22) 6634 1100

Fax: (91 22) 2283 7517


Website: www.kotak.com

Investor Grievance ID:

[email protected]

Contact Person: Mr. Chandrakant Bhole

SEBI Registration No.: INM000008704

ICICI Securities Limited

ICICI Centre,

H. T. Parekh Marg, Churchgate,

Mumbai 400 020

Tel: (91 22) 2288 2460/70

Fax: (91 22) 2282 6580


Website: www.icicisecurities.com


[email protected]

Contact Person: Mr. Sumit Pachisia


Book Running Lead Managers

IDFCSSKI Limited

803-4 Tulsiani Chambers,

8th Floor, Nariman Point, Mumbai 400

021, India

Tel: (91 22) 6638 3333

Fax: (91 22) 2204 0282


Website: www.idfcsski.com


[email protected]

Contact Person: Mr. Shirish Chikalge


Nomura Financial Advisory And

Securities (India)

Private Limited

Ceejay House, Level 11, Dr. Annie Besant

Road,

Worli, Mumbai400 018, India

Tel: (91 22) 4037 4037

Fax: (91 22) 4037 4111

Email id: [email protected]

Website:

http://www.nomura.com/asia/services/capit

al_raising/equity.shtml


[email protected]

Contact Person: Mr. Shreyance Shah

SEBI registration number: INM000011419

Syndicate Member

Kotak Securities Limited Sharekhan Limited

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1st Floor, Bakhtawar,

229, Nariman Point,

Mumbai400 021

Tel: (91 22) 6634 1100

Fax: (91 22) 6630 3927



Contact Person: Mr. Umesh Gupta

BSE: IMB010808153

NSE: IMB230808130

A 206, Phoenix House, Second Floor

Senapati Bapat Marg, Lower Parel

Mumbai400 013

Tel: (91 22) 6748 2000

Fax: (91 22) 2498 2626


Website: www.sharekhan.com

Contact Person: Mr. Pankaj Patel

BSE: INB011073351

NSE: INB231073330

Legal Advisors

Domestic Legal Counsel to the

Company

Amarchand & Mangaldas & Suresh

A. Shroff & Co.

5th Floor, Peninsula Chambers,

Peninsula Corporate Park,

Ganpatrao Kadam Marg, Lower Parel,

Mumbai 400 013

Tel: (91 22) 2496 4455

Fax: (91 22) 2496 3666

Domestic Legal Counsel to the

Underwriters

Luthra & Luthra Law Offices

704706, 7th Floor, Embassy Centre,

Nariman Point,

Mumbai 400 021

Tel: (91 22) 6630 3600

Fax: (91 22) 6630 3700

Email:[email protected]

International Legal Counsel to the

Underwriters

Jones Day

3 Church Street,

#14-02 Samsung Hub,

Singapore 049483

Tel: (65) 6538 3939

Fax: (65) 6536 3939


Registrar to the Issue

Karvy Computershare Private

Limited
mailto:[email protected]:[email protected]:[email protected]:[email protected]

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Plot No. 17-24, Vittal Rao Nagar

Madhapur, Hyderabad500 081

Tel: (91 40) 2342 0815

Fax: (91 40) 2343 1551


Website: www.karvy.com


[email protected]

Contact Person: Mr. M. Muralikrishna

SEBI Registration No.: INR000000221

Bankers to the Issue and Escrow Collection Banks

ICICI Bank Limited

Capital Market Group,

30, Mumbai Samachar Marg,

Fort, Mumbai 400 001

Tel: (91 22) 2262 7600

Fax: (91 22) 2261 1138

Email:

[email protected]

Contact Person: Mr. Venkataraghavan

T A

Website: www.icicibank.com

SEBI Registration No.: INBI00000004

Kotak Mahindra Bank Limited

Kotak Infiniti, 6th Floor,

Building No. 21, Infinity Park

Off Western Express Highway,

General AK Vaidya Marg, Malad (E)

Mumbai

Tel: (91 22) 6605 6587

Fax: (91 22) 6605 6642


Contact Person: Sanjay Sawant



State Bank of India

Capital Market Branch

Ground floor,

Mumbai Main Branch Building

Mumbai Samachar Marg

Fort Mumbai 400 023

Tel: (91 22) 22691561 / 22662133

Fax: (91 22) 22670745 / 22664959


[email protected]

IDBI Bank Limited

Unit No. 2, Corporate Park, Near Swastik

Chambers,

Sion - Trombay Road, Chembur,

Mumbai 400 071

Tel: (91 22) 6690 8402

Fax: (91 22) 6690 8424


Contact Person: Mr. M N Kamat - General

Manager

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Contact Person: Vidya Krishnan

Website: www.statebankofindia.com


Website: www.idbibank.com


The Hongkong and Shangai BankingCorporation Limited - HSBC

Securities Services

Shiv Building, Plot No. 139-140B,

Western Express

Highway, Sahar Road Junction,

Vile Parle (E),

Mumbai 400 057

Tel: (91 22) 4035 7458

Fax: (91 22) 4035 7657


Contact Person: Swapnil Pavale

Website: www.hsbc.co.in


HDFC Bank LimitedHDFC Bank Limited, Lodha, FIG - OPS

Department, -

I Think Techno Campus, O-3 Level, Next

to

Kanjurmarg Railway Station, Kanjurmarg

(East),

Mumbai 400 042

Tel: (91 22) 3075 2928

Fax: (91 22) 2579 9801


Contact Person: Deepak Rane

Website: www.hdfcbank.com


Bankers to the Company

State Bank of India

Corporate Accounts Group Branch

23, J.N. Heredia Marg,

"Voltas House" Ballard Estate,

Mumbai 400 001

Tel: (91 22) 6635 6611

Fax: (91 22) 2288 4133


Website: www.statebankofindia.com

IDBI Bank Limited

224, A Wing,

Mittal Court, Nariman Point

Mumbai 400 021

Tel: (91 22) 6658 8100

Fax: (91 22) 6658 8111 / 6658 8130


Website: www.idbi.com

Auditors to the Company

Monitoring Agent

Company has appointed SICOM Limited as a monitoring agency in compliance with

Regulation 16 of the SEBI Regulations.

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ISSUE PROCEDURE

Book Bui lding Procedure

The Issue is being made through the 100% Book Building Process wherein at

least 60% of the Net Issue shall be allocated to Qualified Institutional Buyers on a

proportionate basis out of the QIB Portion (excluding Anchor Investor Portion), 5%

shall be available for allocation on a proportionate basis to Mutual Funds only. The

remainder shall be available for allocation on a proportionate basis to QIBs and

Mutual Funds, subject to valid bids being received from them at or above the Issue

Price. If at least 60% of the Net Issue cannot be allocated to QIBs, then the entire

application money will be refunded forthwith. Further, not less than 10% of the NetIssue will be available for allocation on a proportionate basis to Non-Institutional

Bidders and not less than 30% of the Net Issue will be available for allocation on a

proportionate basis to Retail Individual Bidders, subject to valid bids being received

at or above the Issue Price. Allocation to Anchor Investors shall be on a discretionary

basis and not on a proportionate basis.

Bidders are required to submit their Bids through the Syndicate. Further, QIB

Bids can be procured and submitted only through the GCBRLMs and the BRLMs or

their affiliate syndicate members. In case of QIB Bidders, the Company, in

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consultation with the GCBRLMs and the BRLMs, may reject Bids at the time of

acceptance of Bid cum Application Form provided that the reasons for such rejection

shall be provided to such QIB Bidder in writing. In case of Non-Institutional Bidders

and Retail Individual Bidders, the Company would have a right to reject the Bids only

on technical grounds.

Investors should note that the Equity Shares will be allotted to all successful

Bidders only in dematerialized form. The Bid cum Application Forms which do not

have the details of the Bidders depository account shall be treated as incomplete and

rejected. Bidders will not have the option of being Allotted Equity Shares in physical

form. The Equity Shares on Allotment shall be traded only in the dematerialised

segment of the Stock Exchanges.

IPO Grading

This Issue has been graded by ICRA Limited, a SEBI-registered credit rating

agency, as IPO Grade 4, indicating above average fundamentals. ICRA Limited

assigns IPO grading on a five-point scale of IPO Grade 5 through to IPO Grade 1,

with Grade 5 indicating strong fundamentals and Grade 1 indicating poor

fundamentals. The rationale / description furnished by the IPO grading agency will be

updated at the time of filing the Red Herring Prospectus with the Designated Stock

Exchange.

OBJECTS OF THE ISSUE

The objects of the Issue are:

Acquisition of land development rights for our Forthcoming Projects;

Construction of our Forthcoming Project;

Repayment of loans; and

General corporate purposes.

Listing

BSE : October 30, 2009

NSE : November 23, 2009

RESTRICTIONS ON FOREIGN OWNERSHIP OF INDIAN SECURITIES

The Industrial Policy, 1991 and the FEMA regulate foreign investment in

Indian securities. The Industrial Policy, 1991 stipulates the limits and the conditions

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subject to which foreign investment can be made in different sectors of the Indian

economy. The FEMA further regulates foreign investment by prescribing the precise

manner in which such investment may be made.

Under the Industrial Policy, unless specifically restricted, foreign investment

is freely permitted in all sectors of Indian economy up to any extent and without any

prior approvals, but the foreign investor is required to follow certain prescribed

procedures for making such investment. As per current foreign investment policies,

foreign investment in the real estate sector is permitted under the automatic route in

relation to investments by NRIs.

By way of Circular No. 53 dated December 17, 2003, the RBI has permitted

FIIs to subscribe to shares of an Indian company in a public offer without the prior

approval of the RBI, so long as the price of the Equity Shares to be issued is not less

than the price at which the Equity Shares are issued to residents. Transfers of Equity

Shares previously required the prior approval of the FIPB. However, vide a RBI

circular dated October 4, 2004 issued by the RBI, the transfer of shares between an

Indian resident and a non-resident does not require the prior approval of the FIPB or

the RBI, provided that (i) the activities of the investee company are under the

automatic route under the foreign direct investment (FDI) Policy and transfer does not

attract the provisions of the SEBI (Substantial Acquisition of Shares and Takeovers)

Regulations, 1997 (ii) the non-resident shareholding is within the sectoral limits under

the FDI policy, and (iii) the pricing is in accordance with the guidelines prescribed by

the SEBI/RBI.

Foreign Investment in the Real Estate Sector

Foreign investment in the real estate sector is regulated by the relevant

provisions of the FDI Manual dated November 2005, FEMA Regulations, and the

relevant Press Notes issued by the Secretariat for Industrial Assistance, GoI.

FDI Manual

a. Development of serviced plots and construction of built up residential premises

b. Investment in real estate covering construction of residential and commercial

premises including business centres and offices

c. Development of townships

d. City and regional level urban infrastructure facilities, including both roads and

bridges

e. Investment in manufacture of building materials, which is also open to FDI

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f. Investment in participatory ventures in (a) to (e) above

g. Investment in housing finance institutions, which is also open to FDI as an NBFC.

FEMA Regulations

The FEMA Regulations, state that the investment cap in the real estate on the

activities in the Housing andReal Estate is permit investment to the extent of 100%

only by NRIs in the following specified areas:

I. Development of serviced plots and construction of built up residential premises

II. Investment in real estate covering construction of residential and commercial

premises including business centers and offices

III. Development of townships

IV. City and regional level urban infrastructure facilities, including both roads and

bridges

V. Investment in manufacture of building materials, which is also open to FDI

VI. Investment in participatory ventures in (a) to (c) above

VII. Investment in housing finance institutions, which is also open to FDI as an

NBFC.

GOVERNMENT APPROVALS

They have received the necessary consents, licenses, permissions and

approvals from the Government and various governmental agencies required for their

present business and except as mentioned below, and no further approvals are

required for carrying on their present business. Unless otherwise stated, these

approvals are all valid as of the date Nov, 2009.

Approvals for the Issue

1. In principle approval from the NSE dated November 23, 2009.

2. In principle approval from the BSE dated October 30, 2009.

3. The shareholders of our Company have, pursuant to their resolution dated

September 30, 2009, authorised this Issue.

4. The Board of Directors have, pursuant to their resolution dated July 27, 2009

authorized the Issue.

5. The RBI by its letters dated January 25, 2008 and March 19, 2008 has clarified that

FIIs may subscribe to the proposed IPO of your company under the portfolio

investment scheme (PIS) in terms of Regulation 1(5) of schedule 2 to RBI

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Notification No. FEMA 20/2000-RB dated May 3, 2000. However, it is provided

that FII investments in any pre-IPO placement would be treated on par with FDI

and will have to comply with the guidelines for such FDI in terms of lock-in period

and other conditions prescribed vide Press Note 2 (2005 series) issued by Ministry

of Commerce and Industry, DIPP and notified by RBI by notification no.

136/2005-RB dated July 19, 2005.


Incorporation Details

1. Certificate of Incorporation given by the Registrar of Companies in respect of Sea

Breeze Constructions and Investments Private Limited on February 8, 1985 under

the Companies Act.

2. Fresh Certificate of Incorporation given by Registrar of Companies in respect of

change of name to Godrej Properties and Investments Private Limited on July 16,

1990.

3. Fresh Certificate of Incorporation given by Registrar of Companies consequent to

the change of name to Godrej Properties Limited on December 10, 2004 by the

RoC.

Approvals to carry on Business

A. I ndustri al/Labour/Tax

1. Permanent Account Number AAACG3995M

2. Tax Payers Identification Number under the Maharashtra Value Added Tax Act

2003 is 27020266493V with effect from April 1, 2006.

3. Tax Payers Identification Number under Central Sales Tax (Registration and

Turnover) Rules 1957 is 27020266493C with effect from April 1, 2006.

4. Service Tax Code Number AAACG3995MST002 and Location Code SA0311

issued to the Company by the Office of the Commissioner of Service Tax,

Government of Karnataka, Bangalore on August 17, 2007.

5. Allotment of Code No. STDS 5101039 under the West Bengal Value Added Tax

Act 2003, to the Company by the Office of Commissioner, Sales Tax, Government

of West Bengal, Kolkata on April 23, 2007.

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6. Value Added Tax Registration Certificate under Karnataka Value Added Tax Act

2003 granted to the Company with effect from April 28, 2005.

7. Tax Deduction Account Number MUMG08095D

8. Service Tax Code Number : AAACG3995MST001 and Location Code Number:

SC0100

Special Economic Zone Related Approvals

Godrej Genesis, Hyderabad

Applications Made

1. Application has been made to the SEZ Section, Department of Commerce,

Ministry of Commerce and Industry, Government of India for setting up Special

Economic Zone for IT/ITES Sector at Patancheru village and Mandal Sanga Reddy

Taluk, Medak District, Andhra Pradesh dated December 12, 2007.

2. Application to the Chief Secretary, Government of Andhra Pradesh dated

December 5, 2007 for approval to set up a Sector Specific Economic Zone for

Information Technology and IT Enabled Services at Patancheru to Godrej Real

Estate Private Limited.

3. Application to the Principal Secretary, IT and C Department, Government of

Andhra Pradesh dated December 5, 2007 for approval to set up a Sector Specific

Economic Zone for Information Technology and IT Enabled Services at

Patancheru to Godrej Real Estate Private Limited.

4. Letter of Approval from the Director, Special Economic Zone Section, Department

of Commerce, Ministry of Commerce and Industry, Government of India for

setting up a Sector Specific Economic Zone for Information Technology and IT

Enabled Services at Patancheru to Godrej Real Estate Private Limited dated

September 3, 2008.

5. Application made in February, 2009 to the Principal Secretary, M.A and U.D.

Department for conversion of land from I.T. Zone to Mixed Use. However, by an

order from the Principal Secretary, M.A. and U.D. Department dated August 29,

2009, this application was rejected.

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Residential Ongoing Projects (Brief Overview):

Planet Godrej, Mahalaxmi, Mumbai:

This is a premium high-rise residential project located in Mahalaxmi, Mumbai.

It comprises five towers, four of which have already been completed and one ofwhich is ongoing. Planet Godrej has an estimated Developable Area of 0.82 million

sq. ft. Upon completion, this project will have approximately 380 units of varying

configurations across five towers of 48 storeys each with contemporary design and

open spaces. The footprint, i.e., the ground coverage of the constructed portion of the

project (towers 1 to 5), comprises approximately 4.2% of the total plot area, while the

rest of the plot area has been used to provide landscaping and facilities. The size of

the plot ensures that apart from the residential towers, there are spaces for

development of a large podium, a modern gymnasium, gardens, a clubhouse, pools

and game courts. This project was awarded the Pinnacle Award, 2006 by ZEE

Business for being the best up-coming real estate project in India, as well as Project

of the Year Mumbai for the year 2007 by the Accommodation Times. As of

October 31, 2009, approximately 90% of the units in the ongoing part of the project

have been sold. This project is expected to be completed in 2009.

Godrej Woodsman Estate, Bengalur u:

This is a residential apartment complex located approximately a kilometre

away from Hebbal Flyover on Bellary Road, Bengaluru, near the new international

airport, and has a Developable Area of approximately 1.78 million sq. ft. The project

encompasses seven towers of 16 storeys each and comprises of two and three

bedroom apartments. This project is strategically located with connectivity to the

upcoming international airport. Modern facilities such as podium parking, clubhouse,

a swimming pool, gardens and childrens play area form part of this project. As of

October 31, 2009, approximately 97% of the units have been sold. This project is

expected to be completed in 2009.

Godrej Prakri ti, Kolkata:

This is a residential project proposed on B. T. Road in the Northern part of

Kolkata, with a Developable Area of 3.29 million sq. ft (this includes a commercial

portion of 0.42 million sq. ft.). The project is located approximately two kilometres

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from the Sodepur railway station and 15 kilometres from the international airport and

is connected by an expressway. This project will be developed in phases and is

expected to be completed by 2014.

Godrej Gold County, Bengalu ru:

This is a residential project of villas and premium apartments located off

Tumkur Road, Bengaluru, with a Developable Area of approximately 0.30 million sq.

ft.

Godrej Garden Ci ty, Ahmedabad:

Godrej Garden City is a township development planned in Ahmedabad. It is

located in Jagatpur village in the north-west region of Ahmedabad and is well within

the AMC administrative limits. It is approximately 1.8 kms from SG highway, 14 kms

from airport, 20 kms from railway station and 20 kms from Gandhinagar. This project

is selected among 16 projects worldwide of the Climate Positive Development

Program by Clinton Climate Initiative (CCI).

Commercial Ongoing Projects (Brief Overview):

Godrej Waterside, Salt Lake City, Sector V, Kolkata:

This is an IT park located in Sector V of the Salt Lake area of Kolkata, an

established IT hub, and is adjacent to a natural lake. This project will have a total

Developable Area of approximately 2.16 million sq. ft. with two towers and parking

facilities for approximately 1,400 cars. As of October 31, 2009, approximately 19% of

the project has been sold. This project is expected to be completed by 2010.

Godrej Genesis, Salt Lake City, Sector V, Kolkata:

This is second IT park project located in Sector V of the Salt Lake area of

Kolkata. It is being designed as a single building of 18 floors and will have car

parking for approximately 1,300 cars. The project will have a total Developable Area

of approximately 1.48 million sq. ft.

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Godrej Eternia

This commercial property is spread over 4.04 acres, offering office and retail

spaces with a developable area of 0.68 million sq.ft. The project is strategically

located in the industrial and business parkI, between Tricity of Chandigarh, Mohali

and Panchkula. It is approx three km from Chandigarh railway station, three km from

Chandigarh airport and four km from city centre. Godrej Eternia is designed by Patell

Batliwala & Associates and HBRA, USA and features expansive and flexible office

spaces.

After Issue Response

Dec 09, 2009: Godrej Properties Ltd IPO fully subscribed on its first day. Godrej

Properties Ltd IPO open on December 09, 2009, subscribed 1.23 times. Godrej

Properties had received bids for 95,33,628 shares as against issue size of 77,32,405

shares. Retail quota of the issue subscribed 0.0206 times and QIB's subscribed

2.3907 times. Non Institutional category didn't shows good interest and only

subscribed 0.0074 times.

Dec 10, 2009: Godrej Properties Ltd IPO subscribed 1.28 times on its day 2.

Godrej Properties has received bids for 98,95,405 shares as against issue size of

77,32,405 shares. Retail quota of the issue subscribed 0.0833 times and QIB's

subscribed 2.4261 times. Non Institutional category only subscribed 0.0543 times

Dec 11, 2009: Godrej Properties Ltd IPO finally subscribed 4.00 times on its

closing day. Godrej Properties received bids for 3,09,50,933 shares as against issue

size of 77,32,405 shares. Retail quota of the issue subscribed 0.3753 times and

QIB's subscribed 7.4494 times. Non Institutional category subscribed 0.4090 times.

BASIS OF ALLOCATION

Public issue of 9,429,750 equity shares of rs.10 each ("equity shares") of

godrej properties limited ("gpl" or the "company" or the "issuer") issued for cash

which includes 1,697,345 equity shares issued at a price of rs. 530/- per equity share

to anchor investors (including a premium of rs 520/- per equity share) and balance

7,732,405 equity shares at a price of rs 490/- per equity share to others (including a

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premium of rs 480/- per equity share) aggregating to rs. 468.85 crores. The issue will

constitute 13.5% of the post-issue equity share capital of the company.

The face value per equity share is Rs. 10/- and the issue price is 49 times

the face value (for anchor investors, the issue price is 53 times the face value).

In terms of Rule 19 (2)(b) of the Securities Contract Regulation Rules, 1957

("SCRR"), this being an Issue for less than 25% of the post-Issue capital, the Issue

was made through the 100% Book Building Process wherein at least 60% of the Issue

will be allocated on a proportionate basis to Qualified Institutional Buyers ("QIBs").

The Company has allocated 1,697,345 Equity Shares or 30% of the QIB Portion to

Anchor Investors on a discretionary basis. Further 5% of the QIB Portion (excludingAnchor investor Portion) was available for allocation on a proportionate basis to

Mutual Funds only. The remainder shall be available for allocation on aproportionate

basis to QIBs and Mutual Funds, subject to valid bids being received from them at or

above the Issue Price. If at least 60% of the Net Issue cannot be allocated to QIBs,

then the entire application money will be refunded forthwith. Further, up to 10% of

the Net Issue will be available for allocation on a proportionate basis to Non-

Institutional Bidders and up to 30% of the Net Issue will be available for allocation on

a proportionate basis to Retail Individual Bidders, subject to valid bids being received

at or above the Issue Price.

The Issue received 18,411 applications for 33,559,152 equity shares resulting

in 3.56 times subscription. The details of the applications received in the Issue from

Anchor Investors, Qualified Institutional Buyers (excluding Anchor Investors), Non-

Institutional and Retail Individual Investors categories are as under (Before technical

rejections):

CategoryNo.of

Applications

No. of

Shares

No. of times

subscription

Retail Individual

Bidders18,300 1,025,235 0.36

50 343,837 0.36

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To retailor invertors

The Basis of Allocation to

the Retail Individual Bidders, who have bid at cut-off or at the

Issue Price of Rs.490/- per Equity Share, was finalized in

consultation with BSE. This category has been subscribed to the

extent of 0.35 times. Hence full and firm allotments were

made to all valid applicants in this category. The total number ofEquity Shares allotted in Retail Individual Bidders category is

1,010,815

Equity Shares to 18,075 applicants. 4,932 applications for

247,728 Equity Shares were made under the ASBA process. 4,910

applications for 247,013 Equity Shares were found valid and they were

considered for allotment.

B. Allocation to Non Institutional Investors

The Basis of Allocation to the Non institutional Investors, who have bid at or

above the Issue Price of Rs 490/- per Equity Share, was finalized in consultation with

BSE. The category was subscribed 0.36 times. Hence full and firm allotments were

made to all valid applicants in this category. The total number of shares allotted in this

category is 342,186 Equity Shares to 48 applicants.

C. Allocation to Qualified Institutional Buyers

2,418,899 equity shares being the aggregate unsubscribed portion from Retail

Individual Investors & Non Institutional Investors category were added to the QIB

Category and hence the total number of shares allotted to QIBs were 8,076,749.

Since, Anchor Investors were allotted 1,697,345 shares, the balance shares available

for allotment to QIBs was arrived at 6,379,404. Allocation to QIBs have been done on

a proportionate basis in consultation with the Bombay Stock Exchange Limited. As

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per the SEBI Regulations, Mutual Funds were initially allotted 5% of the quantum of

shares available (318,970) and other QIBs and unsatisfied demands of Mutual Funds

were allotted the remaining available shares (6,060,434) on proportionate basis.

Mutual Funds were allotted 5% for QIB segment and other QIB applicants were

allotted 55% of the shares for QIB segment.

Category Fls/Banks MFs FllsInsurance

CompaniesTotal

No.of

Shares792,875 2,761,987 3,384,208 1,137,679 8,076,749

D. Anchor Investors

The Company allocated 1,697,345 Equity Shares to 4 Anchor Investors in

consultation with the Global Co-ordinaters and Book Running Lead Managers and

Book Running Lead Managers. This represents 30% of the QIB Portion.

The IPO committee of the Company at its Meeting held at Mumbai onDecember 22, 2009 has approved the basis of allocation of shares of the Issue and the

Board of Directors at their meeting held on December 23, 2009 have allotted the

Equity Shares to various Bidders.

The Refund Orders and allotment advice and notice have been dispatched to

the address of the investors as registered with the depositories. In case the same is not

received within ten days, investors may contact at the address given below. The

Refund Orders have been overprinted with the Bank Mandate details as registered, if

any, with the depositories. The shares allocated to successful applicants are being

credited to their beneficiary accounts subject to validation of the account details with

the depositories concerned. The Company is taking steps to get the Equity Shares

admitted for trading on National Stock Exchange of India Limited and Bombay

StockExchange Limited within seven working days from the date of approval of the

basis of allocation.

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BIBLIOGRAPHY

Text Books

Indian financial system

Author :P.N.Varshney& D.K. Mittal

Publication :Sultan chand & sons

Page No. 1.8-1.10

Investment Analysis & Management

Author : Clark Francis , MC Graw Hill N.Y. USA

Page No. : according to chapter

Journals

IOSCO Report on the Activities of godrej proprieties ltd.

Implementation of the New Capital Adequacy Framework

Reserve Bank of India Prudential Guidelines on CapitalAdequacy and Market Discipline

godrej Report on Rated MBS Poo

Websites

www.godrejproprieties.com

Link: http://www.sebi.gov.in/

www.wikipedia.org.

Link: http://www.wikipedia.com

www.godrej.org.in

Link: http://www.rbi.org.in/content/ncfm/curriculam.htm

www.onicra.com

Link: http://www.onicra.com /credit-rating instruments tm.
http://www.academyfm.co.za/http://www.academyfm.co.za/http://www.academyfm.co.za/http://www.academyfm.co.za/

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CONCLUSION

Good Rag

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