Prime Residencies announces virtual investor forum for upcoming IPO

Prime Lands Residencies, the condominium property arm of Prime Group, has announced a first ever-virtual investor forum for its upcoming Initial Public Offering (IPO). 

Extending its invitation to investors and market participants, the Prime Lands Residences virtual investor forum will be held via Zoom on April 28th , 4.00 p.m. onwards.

The Prime Lands Residencies IPO will issue 100 million ordinary voting shares, with an option to issue a further 87.5 million ordinary voting share via an offer for subscription at Rs.10.40 per share.

By collaborating with Acuity Partners (Pvt) Ltd, the sole manager and financial advisor to the IPO, Prime Lands Residencies now provides an opportunity for investors to subscribe to the IPO, further allowing them to benefit from the impressive real estate growth that the industry faces today. The IPO of Prime Lands Residencies will take place on May 11th, 2021.