Prestige Estates Projects IPO Details - Indian IPO Blog

Sunday, October 10, 2010

Prestige Estates Projects IPO Details

Issue Opens on: Tuesday, October 12, 2010
Issue Closes on: Thursday, October 14, 2010
Price Band: Rs.172/- to Rs.183/- per equity share
Lead Manager: Enam Securities Pvt. Ltd., J.P. Morgan India Pvt. Ltd., Kotak Mahindra Capital Co. Ltd., UBS Securities India Pvt. Ltd.
Registrar: Link Intime India Pvt. Ltd.

1 comment:

  1. Prestige is a reputed builder and have built several residential and commercial complexes in Bangalore. They have done a good job in most of the projects but there are some projects where they made money and neglected/ignored the developments after they sold out the project comnpletely. They claim to complete the development of some of the layouts but the reality is the developments are incomplete - no roads, no electricity, no water Look at various discussion forums related to some of the Prestige projects/layouts in Bangalore.

    I happen to own a property in one of the properties sold by Prestige - which is completeley neglected for the past 10 years and development is still pending, there are also some cases related to the property (mentioned in the prospectus).