DLF Ltd IPO opens, receives 0.71 times subscription

The Initial Public Offering (IPO) of DLF Limited opened for subscription today. The issue has received good response from the investors.

As on 11-Jun-2007, 15:00:00 IST the issue had received bids for 124501570 shares against the offer of 175000000 equity shares resulting in a subscription of 0.71 times. The issue has received bids for 721490 shares at cut-off price.

The company is issuing shares of Face Value with Rs.2 at a price band of Rs.500/- to Rs.550/- The issue closes for subscription on June 14, 2007.

The company has received maximum bids for 124486390 equity shares at Rs.550 (cut-off price).

Source : Equity Bulls

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