DLF Ltd IPO

The DLF Ltd. IPO issued 175,000,000 equity shares at ` 2 each, in the price band of ` 500 to ` 550.

DLF Limited (DLF) - Overview

The DLF Ltd. IPO was the largest of its kind. The launch generated huge response. DLF Limited (DLF) is one of the biggest real estate development companies in India, engaged in the development of residential and commercial properties. The company operates in all possible aspects of real estate development such as acquisition of land, marketing, planning, execution of project and maintenance of completed projects.

DLF Limited - Achievements

• DLF has developed 224 million square feet of space including plots, residential properties, commercial properties, and retail properties.
• Around 195 million square feet of land area sold as plot.
• Nearly 19 million square feet of residential properties.
• About 7 million square feet of commercial properties.
• Almost 3 million square feet of retail properties.
• Around 44 million square feet of space is under construction.
• The company has land reserves across 31 different cities in India.

DLF Ltd. IPO - Overview

• The DLF Ltd. IPO offered 175,000,000 equity shares at ` 2 each, by means of 100% book building process.
• The price band of the equity shares have been fixed at `500 to `550 per equity share.
• The maximum price is 275 times and minimum price is 250 times of the face value pertaining to the price band.
• The DLF Ltd. IPO experienced huge participation from Qualified Institutional Buyers (QIB).
• The global co-coordinators are Kotak Investment Banking, DSP Merrill Lynch.
• Senior Book Running Lead Manager is the Lehman Brothers.
• Book Running Lead Managers are Deutsche Bank, Citi Bank, UBS Securities, ICICI Securities.
• Co-Book Running Lead Manager is the SBI Capital.
• Around 10 lakh equity shares are reserved for the employees of the company.
• Around 60 % of the issue would be allotted on a proportionate basis to Qualified Institutional Buyers.

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