The DLF management and the company's merchant bankers are believed to have pruned the stratospheric valuation of the company from about $25 billion to $15-$18 billion. The number of shares proposed to be issued, about 202 million, remains the same, but the amount sought to be raised, about $3.1 billion, may be cut to about $1.6 billion. Also, there is a possibility that the issue may be delayed.
It's wait-and-watch time for IPOs- The Economic Times
