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
Company Promoters:
The Promoters of the Company are:1. Mr. Irfan Razack
2. Mr. Rezwan Razack
3. Mr. Noaman Razack
Company Financials:
| Particulars | For the year/period ended (in Rs. Million) | |||||
| 31-Mar-10 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | 31-Mar-05 | |
| Total Income | 9,161.51 | 9,892.65 | 4,271.42 | 4,743.31 | 3,816.45 | |
| Profit After Tax (PAT) | 707.31 | 541.63 | 390.91 | 305.34 | 346.03 | |
Objects of the Issue:
The Objects of the Issue are to:a) Finance our Ongoing Projects and Projects Under Development;
b) Invest in our 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;
c) Finance the acquisition of land;
d) Repay certain loans of our Company; and
e) General corporate purposes.
Issue Detail:
»» Issue Open: Oct 12, 2010 - Oct 14, 2010
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: 65,573,770 Equity Shares of Rs. 10
»» Issue Size: Rs. 1,200.00 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. 172 - Rs. 183 Per Equity Share
»» Market Lot: 30 Shares
»» Minimum Order Quantity: 30 Shares
»» Listing At: BSE, NSE
Prestige Estates Projects Ltd IPO Grading / Rating
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.
Check IPO Ratings from other stock analysts.
Prestige Estates Projects Ltd IPO Tags:
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.