One of the leading Indian Developer Prestige Estates Projects Ltd., who is the Indian developer in a mall venture with CapitaMalls Asia Ltd. had a good beginning on the markets after the investors demanded for close to 2.3 times the share on the offer in the IPO of the company.

It is to be mentioned here that the share of the company went up by close to 8.8% closing at Rs. 199.10 at close to 10.54 AM. It may be noted here that the company is mostly operating in the Southern part of the country and has been able to raise close to 12 billion rupees ($270 million) after selling shares for 183 rupees each.

The developer has sold close to 11 million shares to the investors that include names matching the likes of Government of Singapore, HSBC Equity Fund and Monetary Authority of Singapore even before the sale was opened for the public.

Companies like Lodha Developers Ltd. and Emaar MGF Land Ltd. are the ones that have been waiting for long now to get their hands on the stock markets.