Prestige Estates Projects IPO open for subscription

The Initial Public Offering (IPO) of Prestige Estates Projects Limited is open for subscription by investors. The company has come out with IPO of equity shares of Rs. 10/- each Aggregating upto Rs 12000 million.[including anchor portion of 11773770 equity shares]

The 100% book building issue is priced at a price band of Rs 172 to Rs 183. The Minimum Order Quantity is 30 Equity Shares and in multiples of 30 Equity Shares. The Maximum Subscription Amount for Retail Investor is Rs.100000.

The Rating Agency ICRA has assigned IPO Grading of IPO Grade 3.

Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited, Enam Securities Private Limited and UBS Securities India Private Limited are the Book Running Lead Managers to the issue. Kotak Securities Limited is the Syndicate Member to the IPO.

Link Intime India Private Limited is the registrar to the company. The IPO closes for subscription on Thursday - October 14, 2010.

Source : Equity Bulls

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