DLF’s IPO and the hidden facts
July 17th, 2007 - by 2point6billion.comYear 2006 saw Indian companies raised $7.23 billion from the domestic capital markets, making India the eighth-largest issuer of equity capital in the world while at the same time Chinese companies were on top and raised a huge $56.6 billion through 175 offerings, the highest amount globally. Industrial and Commercial Bank of China was the leader and raised a whooping $ 21.9 billion!!
The following article gives good insights into the IPO scene in BRIC countries lately:
DLF Limited, the largest real estate development company in India raised $ 2.24 Billion from its IPO through a 100% book building process this year. The issue which constituted 10.26% of the fully diluted post-issue capital of the company was oversubscribed by 2.47 times.
We found an interesting article in Economic Times on DLF from the time the DLF’S IPO was conceived in May 2006 to its listing stage in June 2007. Though DLF, at the time of filing the Red Herring Prospects, wanted to fix the shares price at around 1000 Rs ($ 25) it did at Rs. 525 ($ 13 approx) eventually. Read on…
economictimes.indiatimes.com/DLF_IPO_The_untold_story/rssarticleshow/2209182.cms
(Red Herring Prospectus is a prospectus that does not contain information on the number of shares to be issued and issue price)
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of Dezan Shira & Associates, the Asian foreign direct investment legal and tax practice responsible for this website, with details of services provided to MNC’s across Asia and our Asian Regional offices. 
July 18th, 2007 at 11:08 pm
Good info…