Prestige Estates Projects IPO : Opening on 12th Oct 2010

by khalid on 07/10/2010 · 0 comments

Prestige Estates Projects is a Bangalore based real estate development firm. The company is having 23 years of experience in real estate field. The company is entering into primary market with an Initial Public Offer (IPO) of Rs. 1200 Crores . The IPO is opening on 12th Oct 2010 and the shares will be available for subscription up to 14th Oct 2010. The premium of the issue will be decided through a 100% Book Building Process. The price band for the issue has been fixed at Rs. 172 – Rs. 183 Per Equity Share.

The proceeds of this IPO will be used for capital expenditure for setting up a wagon manufacturing facility in Jabalpur, finance the acquisition of land, prepayment of identified loan facilities and general corporate purposes.

The equity shares offered through the IPO are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Issue Detail:-
Issue Open : 12th Oct 2010 – 14th Oct 2010
Issue Type : 100% Book Built Issue IPO
Issue Size : 57,240,698 Equity Shares of Rs 10 each
Issue Size : Rs. 1,200.00 Crores
Face Value : Rs 10 Per Equity Share
Issue Price : Rs. 172 – Rs. 183 Per Equity Share
Market Lot : 30 Shares
Minimum Bid Quantity : 30 Shares
Listing At : BSE, NSE

Book running lead managers to the issue are Enam Securities Private Limited, J.P. Morgan India Private Limited, Kotak Mahindra Capital Company Limited and UBS Securities India Private Limited.

Registrar of the Issue : Link Intime India Private Ltd. Mumbai.

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