Prestige Estates Projects Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 39,245,901 (60%) | — | ₹71,820 Cr |
| NII (HNI) | — | 6,540,984 (10%) | — | ₹1,197 Cr |
| Retail | — | 19,622,951 (30%) | — | ₹35,910 Cr |
| Employee | — | 163,934 (0%) | — | ₹30 Cr |
| Σ Total | — | 65,573,770 (100%) | — | ₹1,200,000 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 30 | ₹5,490 |
| Retail (Max) | 13 | 390 | ₹71,370 |
| S-HNI (Min) | 14 | 420 | ₹76,860 |
| B-HNI (Min) | 67 | 2,010 | ₹367,830 |
Financial Statements Amount in ₹ Crore
| Metric | 31-Mar-10 | 31-Mar-09 | 31-Mar-08 |
|---|---|---|---|
| Revenue | — | 916 | 989 |
| Profit After Tax | — | 71 | 54 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Finance the Ongoing Projects and Projects Under Development – 590.90
- 2 Invest in the 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 – 443.60
- 3 Finance the acquisition of land – 29.62
- 4 Repay certain loans of the Company – 280.00
- 5 General corporate purposes – 221.11
Company Overview
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