Godrej Properties ended the debut day at Rs 534, which is a premium of 9% to its issue price of Rs 490.

The stock touched a high of Rs 586 and a low of Rs 500 during the day.

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(Updated at 0909 am)

Godrej Properties lists at Rs 510 on the  BSE as against the issue price of Rs 490.

The stock touched a high of Rs 578, and is now trading at Rs 567 on the BSE - a hefty premium of 15.7% to the issue price.

The company's IPO was subscribed 4 times the issue size, and the issue price was set at the lower end of the trading band.

Although the retail portion was under-subscribed, the overall the IPO received bids for 30.95 million shares as against the offer of 7.73 million shares.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets end flat - Turbulence ahead for airlines despite oil price drop - Weak rupee may bring cheer to NRIs, expats - LIC buys PSU stocks, sells pvt sector blue-chips in Q4 - Banks may lower deposit rates as inflation eases: Report

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