(Reuters) - Real estate firm Prestige Estates Projects Ltd's 12-billion-rupee initial public offering (IPO) was subscribed 2.26 times, according to data on the NSE website late on Thursday, the final day of the issue.

The qualified institutional portion of the issue was subscribed 4.32 times, non-institutional investor category by 0.24 times and retail investor portion 0.08 times, it showed.

The property firm was planning to use the IPO proceeds to retire debt and fund ongoing projects.

(Reporting by Rajesh Kurup; editing by Sunil Nair)