Prestige Estates IPO subscribed 2.26 times

Prestige Estates Projects Limited which had tapped the capital markets with its IPO in a price band of Rs 172-183 to raise Rs 1200 crs was subscribed. The issue was open from the 12th of October and closed on the 14th of October. The issue was subscribed by QIB’s but failed to garner adequate support from the HNI, retail and employee category. The company had allotted 1.177 cr shares to anchor investors. The overall subscription was 2.26 times.

The subscription in various categories is as under: –

Category Shares Offered Shares Subscribed Times
QIB 29229071 126181530 4.32
NII 6959303 1643550 0.24
Retail 20877906 1634940 0.08
Employee 174418 42210 0.24
Overall 57240698 129502230 2.26
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