In order to meet SEBI guidelines on public shareholdings, Bangalore-based realty firm Prestige Estates Projects, would be issuing up to 4.69 crore equity shares, worth over Rs 800 crore, through Institutional Placement Programme (IPP). The IPP Committee of the Board, in its meeting held on January 16, decided to issue up to 4.69 crore fresh equity shares. Further, the price band or the floor price and the issue opening and closing dates would be decided by the company in consultation with the book running lead managers.
Promoter group of the company currently own 80 per cent stake in the company. The issue of fresh equity shares would enable promoters to bring down their stake to meet the SEBI guidelines of 25 per cent minimum public shareholding.
The company has developed a diversified portfolio of real estate development projects focusing on the projects in residential (including apartments, villas, plotted developments and integrated townships), commercial (including corporate office blocks, built-to-suit facilities, technology parks and campuses and SEZs), hospitality (including hotels, resorts and serviced accommodation) and retail (including shopping malls) segments of the real estate industry.
| Company Name | CMP |
|---|---|
| Lodha Developers | 871.70 |
| Dilip Buildcon | 457.55 |
| DLF | 601.80 |
| Oberoi Realty | 1710.00 |
| Ahluwalia Contract(I | 832.90 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: