Bookbuilding IPO | ₹9,188 Cr | Listed at BSE, NSE | Mon, Jun 11, 2007 - Thu, Jun 14, 2007
DLF IPO is a book build issue of ₹9,187.50 crores. The issue is entirely a fresh issue of 17.50 crore shares of ₹9,187.50 crore.
DLF IPO bidding started from Jun 11, 2007 and ended on Jun 14, 2007. The shares got listed on BSE, NSE on Jul 5, 2007.
DLF IPO price band is set at ₹525 per share. The lot size for an application is 10. The minimum amount of investment required by an retail is ₹5,500 (10 shares) (based on upper price). The lot size investment for sNII is 39 lots (390 shares), amounting to ₹2,04,750, and for bNII, it is 191 lots (1,910 shares), amounting to ₹10,02,750.
The issue includes a reservation of up to 10,00,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Citigroup Global Markets India Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to DLF IPO RHP for detailed Information.
IPO Open
Mon, Jun 11, 2007
IPO Close
Thu, Jun 14, 2007
Issue Price
₹525 per share
Market Cap (Pre-IPO)
₹89,503.72 Cr
| IPO Date | 11 to 14 Jun, 2007 |
| Listed on | Thu, Jul 5, 2007 |
| Face Value | ₹2 per share |
| Price Band | ₹500 to ₹550 |
| Issue Price | ₹525 per share |
| Lot Size | 10 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 17,50,00,000 shares (agg. up to ₹9,188 Cr) |
| Fresh Issue | 17,50,00,000 shares (agg. up to ₹9,188 Cr) |
| Share Holding Pre Issue | 1,52,98,32,680 shares |
| Share Holding Post Issue | 1,70,48,32,680 shares |
| BSE Script Code / NSE Symbol | 532868 / DLF |
| ISIN | INE271C01023 |
DLF IPO comprises a total issue size of 17,50,00,000 shares. The net offer to the public is 17,40,00,000 shares, after excluding 10,00,000 shares under a preferential allotment. Of the Net offer 10,44,00,000 (60.00%) are allocated to QIB, 1,74,00,000 (10.00%) allocated to NII 5,22,00,000 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 10,44,00,000 | 60.00% | 59.66% | NA |
| NII (HNI) Shares Offered | 1,74,00,000 | 10.00% | 9.94% | NA |
| Retail Shares Offered | 5,22,00,000 | 30.00% | 29.83% | 52,20,000 |
| Preferential Reservations | ||||
| Employee Shares Offered | 10,00,000 | 0.57% | NA | |
| Total Shares Offered | 17,50,00,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 10 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10 | ₹5,250 |
| Retail (Max) | 38 | 380 | ₹1,99,500 |
| S-HNI (Min) | 39 | 390 | ₹2,04,750 |
| S-HNI (Max) | 190 | 1,900 | ₹9,97,500 |
| B-HNI (Min) | 191 | 1,910 | ₹10,02,750 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 1946, DLF Limited is a real estate development company based in India. DLF is the largest Indian company in terms of the area of completed residential and commercial developments. DLF’s main area of operation is Delhi and surrounding areas.
DLF is in almost each and every area of real estate development including identification and acquisition of land, planning, execution, marketing and maintenance of the projects.
DLF's major line of business includes:
Residential business - DLF builds and sells a wide range of properties including houses, duplexes and apartments of varying sizes, with a focus on the higher end of the market.
Commercial business - DLF builds and sells or lease commercial office space, with a focus on properties attractive to large multinational tenants.
Retail business - DLF develop and manages leases based shopping malls, which in many cases include multiplex cinemas.
DLF is now focusing on more infrastructure, SEZs(special economic zones) and hotel projects.
Few more facts:
Developed approximately 220 million square feet, including approximately 195 million square feet of plots, 17 million square feet of residential properties, 6 million square feet of commercial properties and 2 million square feet of retail properties.
Land Reserves of approximately 10,255 acres.
for the three years ended March 31, 2006, 2005 and 2004, DLF's consolidated total income was Rs. 12,420 million, Rs. 6,260 million and Rs. 5,266 million, respectively, and consolidated net profit was Rs. 1,917 million, Rs. 865 million and Rs. 538 million, respectively.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Acquisition of land and development right | 3,500.00 |
| 2 | Development and construction costs for existing projects | 3,493.40 |
| 3 | Prepayment of loans of our Company | 1,928.10 |
| KPI | |
|---|---|
| RoNW | 48.82% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 97.43% | 87.43% |
| Market Cap | ₹89,503.72 Cr. |
The DLF IPO is subscribed 3.47 times on June 14, 2007 5:00:00 PM (Day 4). The public issue subscribed 0.98 times in the retail category, 5.13 times in the QIB category, and 1.14 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management, underwriting and selling commission | 1,740.00 |
| 2 | Advertisement and marketing expenses | 300.00 |
| 3 | Printing and stationery (including expenses on transportation of the material) | 220.00 |
| 4 | Others (Registrar’s fees, legal fees, listing fees, etc.) | 400.00 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹525.00 | ₹525.00 |
| Open | ₹582.00 | ₹526.60 |
| Low | ₹505.60 | ₹526.60 |
| High | ₹714.25 | ₹583.95 |
| Last Trade | ₹570.05 | ₹569.80 |
Lead Manager Reports
DLF IPO is a main-board IPO of 17,50,00,000 equity shares of the face value of ₹2 aggregating up to ₹9,188 Crores. The issue is priced at ₹525 per share. The minimum order quantity is 10.
The IPO opens on Mon, Jun 11, 2007, and closes on Thu, Jun 14, 2007.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in DLF IPO using UPI as a payment gateway. Zerodha customers can apply in DLF IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in DLF IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The DLF IPO opens on Mon, Jun 11, 2007 and closes on Thu, Jun 14, 2007.
DLF IPO lot size is 10, and the minimum amount required for application is ₹5,250.
You can apply in DLF IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for DLF IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the DLF IPO allotment status.
The DLF IPO listing date is on Thu, Jul 5, 2007.
