Business Standard

Prestige Estates Projects Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

1,200.00 cr

Price Range (₹)

183

Lot Size

30

Min Investment (₹)

5,490.00

Listing Exchange

MumbaiNSE

Open Date

12-Oct-2010

Close Date

14-Oct-2010

Listing Date

27-Oct-2010

Prestige Estates Projects Ltd News

    The Shares of Prestige Estates Projects Ltd have now been listed.

    Prestige Estates Projects Ltd IPO Details

    Public issue of 65,573,770 equity shares of Rs. 10 each of Prestige Estates Projects Limited. (The Company or The Issuer) for cash at a price of Rs. 183 per equity share (including a share premium of Rs. 173 per equity share) aggregating to Rs. 1200.00 Crores (The Issue). The issue comprises a net issue to the public of 65,409,836 shares of Rs. 10 each (The Net Issue) and a reservation of 163,934 equity shares of Rs. 10 each for eligible employees (the Employee Reservation Portion) aggregating to Rs. 3.00 crores. The net issue will aggregate to 65,409,836 equity shares amounting to Rs. 1197.00 Crores. The issue will constitute 19.99% of the fully diluted post issue paid-up capital of the company and the net issue would constitute 19.94% of the fully diluted post issue paid-up capital of the company. Issue price : Rs. 183 per equity share of face value Rs. 10 each. The issue price is 18.3 times the face value.

    Objective of issue

    Finance the Ongoing Projects & Proj. under Devel.. Finance the acquisition of land. Repay certain loans of the company. Invest in existing subsidiaries. General Corporate Purposes.

    Prestige Estates Projects Ltd Contact Details

    Prestige Estates Projects Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

    Phone - 91-022-25963838

    Fax - 91-022-25946969

    Email - investors@prestigeconstructions.com

    Website - www.prestigeconstructions.com