DLF Limited IPO opens for subscription on June 11, 2007

The Initial Public Offering of DLF Limited opens for subscription by investors on Monday - June 11, 2007. The company is coming out with a public issue of 175,000,000 equity shares of Rs.2 each for cash at a price band of Rs.500 to Rs.550 per equity share through 100% book-building process. The issue closes for subscription on Thursday - June 14, 2007.

The issue includes a reservation of 1,000,000 equity shares of Rs.2 each for the eligible employees. The issue less the employee reservation portion is referred to as the "Net Issue". The Net Issue will constitute 10.26% of the fully diluted paid-up capital of the company.

The equity shares are proposed to be listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).

ICICI Securities Primary Dealership Ltd, Citigroup Global Markets India Pvt Ltd, Deutsche Equities India Private Limited and UBS Securities India Private Limited are the Book Running Lead Managers to the issue. Kotak Mahindra Capital Company Ltd and DSP Merrill Lynch Limited are the Global Coordinators and Book Running Lead Managers to the issue. Lehman Brothers Securities Private Limited is the Senior Book Running Lead Manager to the issue. SBI Capital Market Limited is the Co-book Running Lead Manager to the issue. Karvy Computershare Private Limited is the Registrar to the issue.

Click Here to visit DLF Limited website.
Click Here to view DLF Limited prospectus.

Source : Equity Bulls

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