{"id":275143,"date":"2026-09-28T14:06:03","date_gmt":"2026-09-28T08:36:03","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=275143"},"modified":"2026-09-28T14:06:03","modified_gmt":"2026-09-28T08:36:03","slug":"prestige-estates-share-price-drhp","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/prestige-estates-share-price-drhp\/","title":{"rendered":"Prestige Estates’ Hotel Arm Pulls Its Rs 2,700 Crore IPO Papers: What It Means for the Parent Stock"},"content":{"rendered":"

Prestige Estates Rs 1,462.10, down 1.06% (28 Sep, 1:50 PM). Withdrawn plan Rs 2,700 crore. P\/E 50.14 vs industry 33.54. ROE 7.35%. RSI 34.3.<\/em><\/p>\n

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Quick Answer<\/strong><\/p>\n

The Prestige Estates share price was Rs 1,462.10 at 1:50 PM on 28 September 2026, down 1.06 percent, after its subsidiary Prestige Hospitality Ventures decided to withdraw its draft red herring prospectus. The company cited strategic considerations and uncertain market conditions and said it may file a fresh DRHP in the future. The withdrawn plan was to raise up to Rs 2,700 crore, and the parent would have received Rs 1,000 crore from an offer for sale. The stock fell roughly in line with a weak market, and it trades at a P\/E of 50.14 against an industry figure of 33.54.<\/p>\n<\/div>\n

Prestige Estates Projects Limited told the exchanges that its subsidiary Prestige Hospitality Ventures, known as PHVL, has decided to withdraw its draft red herring prospectus. PHVL said it took the decision because of strategic considerations and uncertain market conditions, and it may consider filing a fresh DRHP with SEBI for an initial public offering later.<\/p>\n

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The parent stock slipped 1.06 percent, a smaller fall than the Sensex. This article explains what the withdrawn plan involved and what it means for the Prestige Estates share price.<\/p>\n

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