VC Circle - Indian Venture Capital, Private Equity, M&A :: DLF Prices IPO In Rs 500-550 Range; Grey Market Premium At Rs 20-40
DLF Prices IPO In Rs 500-550 Range; Grey Market Premium At Rs 20-40
by Sahad on Fri 25 May 2007 10:48 IST | Permanent Link | Cosmos
Real estate giant DLF Universal has priced its IPO a bit conservatively between Rs 500 and Rs 550 ($12-13.75). It was earlier expected to price the issue around Rs 600 ($15). At the upper band of the issue price, DLF will raise about Rs 9,625 crore ($2.4 billion), valuing the company at 93,500 crore ($23.3 billion). The company is issuing 175 million shares of Rs 2 each, which will be about 10.2 per cent of the enhanced paid-up capital. The issue will open on June 11 and close on June 14
