Pricing of Godrej Properties IPO look stretched: Bonanza
According to brokerage Bonanza the pricing of Godrej Properties look stretched and there are better opportunities available in listed space.
By ET Bureau |
MUMBAI: According to brokerage Bonanza the pricing of Godrej Properties look stretched and there are better opportunities available in listed space.
“Pricing of IPO looks stretched, as bigger players in the listed space are trading at much better valuation. There are better opportunities available in listed space. However given the interest in Godrej group, listing gains may accrue,” the recommendation said.
Godrej Properties is a real estate development company and is based in Mumbai, Maharashtra. Currently, company’s business focuses on residential, commercial and township developments. It is a fully integrated real estate development company involved in all activities associated with the development of residential and commercial real estate.
Godrej Industries currently holds 80.26% of Pre-IPO Equity share capital. Godrej Industries Limited is the listed flagship company of the Godrej group of companies
“Pricing of IPO looks stretched, as bigger players in the listed space are trading at much better valuation. There are better opportunities available in listed space. However given the interest in Godrej group, listing gains may accrue,” the recommendation said.
Godrej Properties is a real estate development company and is based in Mumbai, Maharashtra. Currently, company’s business focuses on residential, commercial and township developments. It is a fully integrated real estate development company involved in all activities associated with the development of residential and commercial real estate.
Godrej Industries currently holds 80.26% of Pre-IPO Equity share capital. Godrej Industries Limited is the listed flagship company of the Godrej group of companies
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