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Prestige Estates IPO is a book built issue of Rs 1,200.00 crores.
Prestige Estates IPO bidding started from October 12, 2010 and ended on October 14, 2010. The shares got listed on BSE, NSE on October 27, 2010.
Prestige Estates IPO price band is set at ₹172 to ₹183 per share. The minimum lot size for an application is 30 Shares. The minimum amount of investment required by retail investors is ₹5,490.
Axis Capital Limited, J.P. Morgan India Private Limited, Kotak Mahindra Capital Company Limited and Ubs Securities India Private Limited are the book running lead managers of the Prestige Estates IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Prestige Estates IPO RHP for detailed information.
IPO Date | October 12, 2010 to October 14, 2010 |
Listing Date | October 27, 2010 |
Face Value | ₹10 per share |
Price Band | ₹172 to ₹183 per share |
Lot Size | 30 Shares |
Total Issue Size | 65,573,770 shares (aggregating up to ₹1,200.00 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Share holding pre issue | 262,500,000 |
Share holding post issue | 328,073,770 |
Prestige Estates IPO offers 57,240,698 shares. 29,229,071 (51.06%) to QIB, 6,959,303 (12.16%) to NII, 20,877,906 (36.47%) to RII, 174,418 (0.30%) to employees. 695,930 RIIs will receive minimum 30 shares and (sNII) and (bNII) will receive minimum 1,110 shares. (in case of oversubscription)
Investor Category | Shares Offered | Maximum Allottees |
---|---|---|
Anchor Investor Shares Offered | - | NA |
QIB Shares Offered | 29,229,071 (51.06%) | NA |
NII (HNI) Shares Offered | 6,959,303 (12.16%) | |
Retail Shares Offered | 20,877,906 (36.47%) | 695,930 |
Employee Shares Offered | 174,418 (0.30%) | NA |
Total Shares Offered | 57,240,698 (100%) |
Investors can bid for a minimum of 30 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 30 | ₹5,490 |
Retail (Max) | 36 | 1080 | ₹197,640 |
Lot Size Calculator |
The Promoters of the Company are:
1. Mr. Irfan Razack
2. Mr. Rezwan Razack
3. Mr. Noaman Razack
Share Holding Pre Issue | 100% |
Share Holding Post Issue | 80.01% |
Incorporated in 1986, Prestige Estates Projects Ltd is a Bangalore based company involve in real estate development. Prestige Estates is south India�s largest real estate development company.
Company has completed 142 real estate projects of approximately 27.09 million sq. ft. Company has a diversified portfolio of real estate development projects including residential (including apartments, villas, plotted developments and integrated townships), commercial (including corporate office blocks, built-to-suit facilities, technology parks and campuses and SEZs), hospitality (including hotels, resorts and serviced accommodation) and retail (including shopping malls) segments of the real estate industry.
Company has established a strong brand image, have a successful track record of execution and a diversified portfolio of real estate projects
Particulars | For the year/period ended (in Rs. Million) | |||||
31-Mar-10 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | 31-Mar-05 | |
Total Income | 9,161.51 | 9,892.65 | 4,271.42 | 4,743.31 | 3,816.45 | |
Profit After Tax (PAT) | 707.31 | 541.63 | 390.91 | 305.34 | 346.03 |
KPI | Values |
---|---|
RoNW | 19.02% |
The Objects of the Issue are to:
a) Finance our Ongoing Projects and Projects Under Development;
b) Invest in our existing Subsidiaries which investment will be utilized for the construction and development of our commercial Ongoing Project, retail Ongoing and retail Projects Under Development undertaken by those Subsidiaries;
c) Finance the acquisition of land;
d) Repay certain loans of our Company; and
e) General corporate purposes.
The Prestige Estates IPO is subscribed 2.26 times on October 14, 2010 5:00:00 PM. The public issue subscribed 0.08 times in the retail category, 4.32 times in the QIB category, and 0.24 times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | Subscription (times) |
---|---|
QIB | 4.32 |
NII | 0.24 |
Retail | 0.08 |
Employee | 0.24 |
Total | 2.26 |
ICRA has assigned an IPO Grade 3 to Prestige Estates Projects Ltd IPO. This grade indicates that the fundamentals of the IPO are 'Average' relative to other listed equity securities in India. ICRA assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the CRISIL IPO Grading Document for Prestige Estates Projects Ltd.
Prestige Estates IPO, Prestige Estates IPO, Prestige Estates Projects IPO Bidding, Prestige Estates IPO Allotment Status, Prestige Estates drhp and Prestige Estates Projects Ltd IPO listing.
Listing Date | October 27, 2010 |
BSE Script Code | 533274 |
NSE Symbol | PRESTIGE |
ISIN | INE811K01011 |
Final Issue Price | ₹183 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE |
---|
₹183.00 |
₹190.00 |
₹190.00 |
₹209.00 |
₹192.55 |
NSE |
---|
₹183.00 |
₹190.00 |
₹188.35 |
₹208.80 |
₹193.15 |
Prestige Estates Projects Ltd
Falcon House, No 1 Main Guard Cross Road,
Bangalore - 560001
Karnataka, India
Phone: 80 25591080
Email: investors@prestigeconstructions.com
Website: http://www.prestigeconstructions.com
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: pepl.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Prestige Estates IPO is a main-board IPO of 65,573,770 equity shares of the face value of ₹10 aggregating up to ₹1,200.00 Crores. The issue is priced at ₹172 to ₹183 per share. The minimum order quantity is 30 Shares.
The IPO opens on October 12, 2010, and closes on October 14, 2010.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Prestige Estates IPO opens on October 12, 2010 and closes on October 14, 2010.
Prestige Estates IPO lot size is 30 Shares, and the minimum amount required is ₹5,490.
You can apply in Prestige Estates IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Prestige Estates IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Prestige Estates IPO allotment status.
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