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Showing posts with label Prestige Estates Projects. Show all posts
Showing posts with label Prestige Estates Projects. Show all posts

Friday, October 15, 2010

Prestige Estates Projects IPO Subscription Details


Qualified Institutional Buyers (QIBs) 4.32
Non Institutional Investors 0.24
Retail Individual Investors (RIIs) 0.08
Employee Reservation 0.24

Congrats to Prestige Estates for SUCCESSFULLY managing to get it subscribed

Thursday, October 14, 2010

Prestige Estates Projects IPO subscribed 2.26 times


Gets bids for 12.91 crore shares

The initial public offer (IPO) of the Bangalore-based real estate firm Prestige Estates Projects was subscribed 2.26 times by 16:00 IST on the last day of the issue today, 14 October 2010. The IPO garnered bids for 12.91 crore shares, compared with 5.72 crore shares on offer.

Tuesday, October 12, 2010

Prestige Estates Projects IPO Analysis


Prestige Estates Projects (PEPL), promoted by Irfan Razack, Rezwan Razack and Moaman Razack, is one of the leading real estate development companies operating in the southern part of the country and more specifically in Bangalore. The company has developed 150 real estate projects of approximately 34.23 million square feet (sft) since inception. In the last five years (since FY 2005), it has completed and delivered about 20.4 million sq ft.

Tuesday, December 01, 2009

Prestige Estates Projects files DRHP for an IPO


Plans to raise Rs 1200 crore through a 100% book-building issue

Prestige Estates Projects has filed a draft red herring prospectus (DRHP) with market regulator, the Securities and Exchange Board of India (Sebi). The company plans a public issue of its equity shares having face value of Rs 10 each aggregating Rs 1200 crore through a 100% book-building process. The company is also mulling a pre-IPO placement offer of Rs 200 crore.

The proceeds of the issue would be used to finance the ongoing projects and projects and projects under development. The proceeds will be also deployed in investing in its existing subsidiaries which undertake the projects. Further, the issue proceeds would also be used for acquisition of land and repayment of certain loans of the company.

Prestige Estates Projects is one of the leading real estate development companies in south India. It currently owns or holds development rights for 52.57 million square feet (sq. ft.) of developable area, which includes 24.49 million sq. ft. of saleable area and 9.64 million sq. ft. of leasable area.