Published on Thu, Jan 04, 2007 at 08:58 | Source : Moneycontrol.com
Updated at Thu, Jan 04, 2007 at 09:48
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DLF to raise Rs 12,250 cr
With the biggest IPO to hit the domestic bourses, the Delhi-based real estate player DLF will raise Rs 12,250 crore through its public issue, following the filing of its draft red herring prospectus on Wednesday.
With the biggest IPO to hit the domestic bourses, the Delhi-based real estate player DLF will raise Rs 12,250 crore through its public issue, following the filing of its draft red herring prospectus on Wednesday.
The issue will open in the first half of February, a reliable source said. "DLF Ltd proposes to enter the capital market with a public issue of 17.5 crore equity shares of Rs 2 each through 100% book-building process," the company said in a release.
The company could also raise Rs 14,435 crore through the IPO, if all the shares are issued at the upper end of the price band of Rs 825 per share. The price band the company is considering is Rs 700-825 per share, said the source.
The issue will open in the first half of February, a reliable source said. "DLF Ltd proposes to enter the capital market with a public issue of 17.5 crore equity shares of Rs 2 each through 100% book-building process," the company said in a release. 
