Prestige Estates Projects Ltd - IPO

Prestige Estates Projects Ltd IPO Details

Public issue of 65,573,770 equity shares of Rs. 10 each of Prestige Estates Projects Limited. (The Company or The Issuer) for cash at a price of Rs. 183 per equity share (including a share premium of Rs. 173 per equity share) aggregating to Rs. 1200.00 Crores (The Issue). The issue comprises a net issue to the public of 65,409,836 shares of Rs. 10 each (The Net Issue) and a reservation of 163,934 equity shares of Rs. 10 each for eligible employees (the Employee Reservation Portion) aggregating to Rs. 3.00 crores. The net issue will aggregate to 65,409,836 equity shares amounting to Rs. 1197.00 Crores. The issue will constitute 19.99% of the fully diluted post issue paid-up capital of the company and the net issue would constitute 19.94% of the fully diluted post issue paid-up capital of the company. Issue price : Rs. 183 per equity share of face value Rs. 10 each. The issue price is 18.3 times the face value.

Objective of issue

Finance the Ongoing Projects & Proj. under Devel.. Finance the acquisition of land. Repay certain loans of the company. Invest in existing subsidiaries. General Corporate Purposes.

Prestige Estates Projects Ltd Contact Details

Prestige Estates Projects Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

Phone - 91-022-25963838

Fax - 91-022-25946969

Email - investors@prestigeconstructions.com

Website - www.prestigeconstructions.com