Bookbuilding IPO | ₹1,200 Cr | Listed at BSE, NSE | Tue, Oct 12, 2010 - Thu, Oct 14, 2010
Prestige Estates Projects IPO is a book build issue of ₹1,200.00 crores. The issue is entirely a fresh issue of 6.56 crore shares of ₹1,200.00 crore.
Prestige Estates Projects IPO bidding started from Oct 12, 2010 and ended on Oct 14, 2010. The shares got listed on BSE, NSE on Oct 27, 2010.
Prestige Estates Projects IPO price band is set at ₹183 per share. The lot size for an application is 30. The minimum amount of investment required by an retail is ₹5,490 (30 shares) (based on upper price). The lot size investment for sNII is 37 lots (1,110 shares), amounting to ₹2,03,130, and for bNII, it is 183 lots (5,490 shares), amounting to ₹10,04,670.
The issue includes a reservation of up to 1,63,934 shares for employees offered at a discount of ₹0.00 to the issue price.
Axis Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Prestige Estates Projects IPO RHP for detailed Information.
IPO Open
Tue, Oct 12, 2010
IPO Close
Thu, Oct 14, 2010
Issue Price
₹183 per share
Market Cap (Pre-IPO)
₹6,003.75 Cr
| IPO Date | 12 to 14 Oct, 2010 |
| Listed on | Wed, Oct 27, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹172 to ₹183 |
| Issue Price | ₹183 per share |
| Lot Size | 30 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 6,55,73,770 shares (agg. up to ₹1,200 Cr) |
| Fresh Issue | 6,55,73,770 shares (agg. up to ₹1,200 Cr) |
| Share Holding Pre Issue | 26,25,00,000 shares |
| Share Holding Post Issue | 32,80,73,770 shares |
| BSE Script Code / NSE Symbol | 533274 / PRESTIGE |
| ISIN | INE811K01011 |
Prestige Estates Projects IPO comprises a total issue size of 6,55,73,770 shares. The net offer to the public is 6,54,09,836 shares, after excluding 1,63,934 shares under a preferential allotment. Of the Net offer 3,92,45,901 (60.00%) are allocated to QIB, 65,40,984 (10.00%) allocated to NII 1,96,22,951 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 3,92,45,901 | 60.00% | 59.85% | NA |
| − Anchor Investor Shares Offered | 1,17,73,770 | 17.95% | NA | |
| − QIB (Ex. Anchor) Shares Offered | 2,74,72,131 | 41.90% | NA | |
| NII (HNI) Shares Offered | 65,40,984 | 10.00% | 9.98% | NA |
| Retail Shares Offered | 1,96,22,951 | 30.00% | 29.93% | 6,54,098 |
| Preferential Reservations | ||||
| Employee Shares Offered | 1,63,934 | 0.25% | NA | |
| Total Shares Offered | 6,55,73,770 | 100.00% | 100.00% | |
Investors can bid for a minimum of 30 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 30 | ₹5,490 |
| Retail (Max) | 36 | 1,080 | ₹1,97,640 |
| S-HNI (Min) | 37 | 1,110 | ₹2,03,130 |
| S-HNI (Max) | 182 | 5,460 | ₹9,99,180 |
| B-HNI (Min) | 183 | 5,490 | ₹10,04,670 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 | 443.61 |
| 3 | Finance the acquisition of land | 29.63 |
| 4 | Repay certain loans of the Company | 280.00 |
| 5 | General corporate purposes | 221.11 |
| KPI | |
|---|---|
| RoNW | 19.02% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 80.01% |
| Market Cap | ₹6,003.75 Cr. |
The Prestige Estates IPO is subscribed 2.26 times on October 14, 2010 5:00:00 PM (Day 3). The public issue subscribed 0.08 times in the retail category, 4.32 times in the QIB category, and 0.24 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 4.32 | 2,92,29,071 | |
| NII | 0.24 | 69,59,303 | |
| Retail | 0.08 | 2,08,77,906 | |
| Employee | 0.24 | 1,74,418 | |
| Total | 2.26 | 5,72,40,698 |
ICRA has assigned an IPO Grade 3 to Prestige Estates Projects Ltd IPO. This grade indicates that the fundamentals of the IPO are 'Average' relative to other listed equity securities in India. ICRA assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the CRISIL IPO Grading Document for Prestige Estates Projects Ltd.
Prestige Estates IPO, Prestige Estates IPO, Prestige Estates Projects IPO Bidding, Prestige Estates IPO Allotment Status, Prestige Estates drhp and Prestige Estates Projects Ltd IPO listing.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees of the Lead Manager | 32.65 |
| 2 | Fees to the Bankers to Issue | |
| 3 | Underwriting commission, brokerage and selling commission | 1.99 |
| 4 | Advertising and marketing expenses, printing and stationery, distribution, postage etc | 10.24 |
| 5 | Registrar to the Issue | 0.10 |
| 6 | Other expenses (Grading Agency, Monitoring Agency, Legal Advisors, Auditors and other Advisors etc) | 10.57 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹183.00 | ₹183.00 |
| Open | ₹190.00 | ₹190.00 |
| Low | ₹190.00 | ₹188.35 |
| High | ₹209.00 | ₹208.80 |
| Last Trade | ₹192.55 | ₹193.15 |
Prestige Estates Projects IPO is a main-board IPO of 6,55,73,770 equity shares of the face value of ₹10 aggregating up to ₹1,200 Crores. The issue is priced at ₹183 per share. The minimum order quantity is 30.
The IPO opens on Tue, Oct 12, 2010, and closes on Thu, Oct 14, 2010.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Prestige Estates Projects IPO using UPI as a payment gateway. Zerodha customers can apply in Prestige Estates Projects IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Prestige Estates Projects IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Prestige Estates Projects IPO opens on Tue, Oct 12, 2010 and closes on Thu, Oct 14, 2010.
Prestige Estates Projects IPO lot size is 30, and the minimum amount required for application is ₹5,490.
You can apply in Prestige Estates Projects IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Prestige Estates Projects IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Prestige Estates Projects IPO allotment status.
The Prestige Estates Projects IPO listing date is on Wed, Oct 27, 2010.
