DLF IPO oversubscribed on huge demand from QIBs

The Initial Public Offering (IPO) of DLF Ltd which opened for subscription on Monday - June 11, 2007 has received full subscription on Day 2 of the issue. The issue has received bids for 223129480 equity shares against the offer of 175000000 equity shares.

The issue has received subscription of 1.28 times as on 5 PM, 12-June-2007. The issue has received bids for 4831150 shares at cut-off price.

The IPO has received very good response from Qualified Institutional Buyers (QIBs). The issue has received lukewarm response from other categories of investors. The Qualified Institutional Buyers (QIBs) portion of the issue has received subscription for 217285430 equity shares against the offer of 104400000 shares resulting in a subscription of 2.0813 times.

The Non Institutional Investors portion of the issue received subscription of just 0.0260 times with bids for 452040 shares against the offer of 17400000 shares. The Retail Individual Investors (RIIs) portion has received bids for 5315230 shares against the offer of 52200000 shares resulting in a subscription of 0.1018 times. The Employee Reservation has received bids for 76780 shares against the offer of 1000000 shares resulting in a subscription of 0.0768 times.

Source : Equity Bulls

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