Realty developer Prestige Estates Projects' Rs 1,200 crore initial public offer (IPO) got over- subscribed 1.75 times, hours before the end of issue today.
The IPO, which opened on October 12, received total bids for over 10 crore shares against 5.72 crore equities on offer, as per the NSE data available till 1400 hours.
Final figures of the IPO will be available by the end of day. The Bangalore-based real estate developer has entered the capital market with its public float priced in a range of Rs 172 to Rs 183 per share.
The company has already raised Rs 215.4 crore for its IPO by roping in 23 anchor investors, including Reliance MF, DSP Blackrock and Credit Suisse.
Anchor investors, which will get shares in Prestige IPO, include Sundaram BNP, HDFC MF, Alliance Berstein India Growth Fund, Indus Capital Advisor UK, Government of Singapore, Lloyd George, HSBC MF, Mirae Asset and Axis MF.
Enam Securities, JP Morgan India, Kotak Mahindra Capital Company and UBS Securities India are the book running lead managers to the issue.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app