PRESTIGE ESTATES PROJECTS LTD IPO

Issue Open: October 12, 2010
Issue close: October 14, 2010
Price Band: Rs. 172 – Rs. 183 Per Equity Share
Minimum Bid Size: 30 Equity Shares
Face Value: Rs. 10 Per Equity Share
Issue Type: 100% Book Building
Maximum Subscription Amount for Retail Investor: Rs. 100000

PRESTIGE ESTATES PROJECTS LTD IPO :
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.

IPO Grading / Rating:
ICRA has assigned an IPO Grade 3 to Prestige Estates Projects Ltd IPO . This means as per ICRA, company has ‘Average Fundamentals’.

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