IPO Of Prestige Estates Open On Oct 12

Real estate firm Prestige Estates IPO Of Prestige Estates Open On Oct 12Projects is coming into capital market with an ipo of Rs 1200 crore on Oct 12, 2010, according to advertising in paper. The IPO will end for subscription on Oct 14.

initial public offer proceeds are planned to be utilized for funding on-going projects as well as projects under development; current subsidiaries that investment will be used for the building as well as development of commercial on-going task, retail on-going as well as retail work under development carried out by subsidiaries; purchase of land; and for paying back several loans.

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