Prestige Estates Fixed IPO Price Band

Prestige Estates Fixed IPO Price BandPrestige Estates Limited fixed initial public offer price band in between Rs. 172 and Rs.183 per share, The company raise nearly 1200 crore from ipo issue,

According to draft prospectus submitted in Nov 2009, The promoters such as Rezwan Razack, Noaman Razack and Irfan Razack keep 75percent stake in firm. Their promoter group retains the balance 25percent.

The equity stocks are planned to be listed on the NSE (National Stock Exchange) as well as the Bombay Stock Exchange of India Ltd.

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