Friday, October 08, 2010

Prestige Estates Projects IPO - Upcoming IPO Prestige Estates Projects Ltd

Prestige Estates Projects Ltd IPO Information:
- Issue Open: Oct 12, 2010
- Issue Close: Oct 14, 2010
- Issue Size: Over Rs. 1200 Crore
- Face Value: Rs. 10 / Equity Share
- Issue Price: Rs. 172 - Rs. 183 Per Equity Share
- Minimum Quantity: 30 Shares (Rs. 5490 with 1 Lot)
- Maximum Quantity: 540 Shares (Rs. 98820 with 18 Lot)
- Listing At: BSE, NSE

Prestige Estates Projects Ltd IPO Grading / Rating by CARE: IPO Grade 3/5. Means it has Average Fundamentals.

About Company:
The Prestige Group owes its origin to Mr. Razack Sattar, who envisioned a success story waiting to take shape in the retail business in 1956 itself. Prestige Estates and Properties was setup in 1985 growing swiftly to become the leading property developers in Bangalore.

Prestige Court on K.H. Road in Bangalore set the pace and with over 184 developments covering 20 million sq ft of built area to its credit, Prestige constructions now house a very large populace residing in South India. Also, Prestige hosts some of the biggest MNCs in business here with residential and commercial developments on the cards approximating 13 million sq. ft. just in area. A presence in the retail sector with multiplexes and malls, Prestige has built for itself a name in property development.

Over the years, it has created a distinctive mark on the skyline of Bangalore and its people, as a leading real estate developer. The trailblazing success of the business can be attributed to Prestige's corporate philosophy of "under promise and over deliver. This quest for perfection and excellence has resulted in the present day Rs.1000 Crore conglomerate. Prestige, a ISO 9001:2000 certified company, has the added laurels of being the only builders to get a reaffirmation of the Crisil DA1 rating whose software and residential facilities have won the reputed FIABCI award in Bangalore.

Contact Information:
Registered Office : Falcon House, No 1 Main Guard Cross Road, Bangalore - 560001, Karnataka, India
Phone: 80 25591080
Fax: 80 25591945

Book Running Lead Manager(s)
1. Enam Securities Private Limited
2. J.P. Morgan India Private Limited
3. Kotak Mahindra Capital Company Limited
4. UBS Securities India Private Limited

Registrar of Prestige Estates Projects Ltd
Link Intime India Private Ltd
Phone: +91-22-25963838
Fax: +91-22-25946969