Prestige Estates Projects IPO subscribed 2.26 times

The Initial Public Offering (IPO) of Prestige Estates Projects Limited which opened for subscription by investors on October 12, 2010 has received subscription of 2.26 times.

The company has come out with IPO of equity shares of Rs. 10/- each Aggregating upto Rs 12000 million.[including anchor portion of 11773770 equity shares]

The issue has received total bids for 129502230 equity shares against the offer of 57240698 equity shares. The issue has received bids for 1293120 equity shares at cut-off price.

The IPO closes for subscription today - October 14, 2010.

Source : Equity Bulls

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