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Sunday, June 10, 2007

Get decent pie in DLF IPO

The DLF IPO opens on Monday. The IPO, which opens on June 11, has been priced at Rs 500-550 per share. It has an issue size of $2.2-2.4 billion and a market cap of $21-23 billion.
Dipan Mehta, Member of BSE and NSE, thinks that the response will be quite good for the realty major's IPO and is not worried over the fact that it is almost a Rs 10,000 crore issue, the reason for which is that there is adequate liquidity and also, because many investors are still underweight on the real estate sector. He considers DLF as amongst the best real estate companies within India; so he sees it getting good response from domestic investors as well as overseas investors.

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