DLF IPO
DLF IPO — date, price band, lot size & details 2007
DLF listed on 5 Jul 2007 at ₹526.6, 0.3% above the ₹525 issue price.
DLF is India's largest real estate developer by area of completed residential and commercial projects, with land reserves of 10,255 acres at the time of its IPO. Its consolidated total income was Rs 4,034.1 crore in FY2007.
Stock price
DLF is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 11 Jun 2007
- Close 14 Jun 2007
- Allotment 29 Jun 2007
- Refund/credit TBA
- Listing 05 Jul 2007
Issue summary
The terms of the offer, as filed.
| IPO Dates | 11 to 14 Jun, 2007 |
|---|---|
| Price Band | ₹500 – ₹550 |
| Face Value | ₹2 |
| Lot Size | 10 Shares |
| Issue Size | ₹9187.5 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 5,250 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 10 shares at the ₹525 cut-off. Drag to size your application.
| 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 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Its land reserves were 10,255 acres, about 574 million square feet of developable area.
- 02Consolidated total income rose from Rs 526.6 crore in FY2004 to Rs 4,034.1 crore in FY2007.
- 03Consolidated net profit rose from Rs 53.8 crore in FY2004 to Rs 1,941.3 crore in FY2007.
- 04Its net worth was Rs 3,976.4 crore as of 31 March 2007.
Risks · 5
- 01FY2007 profit of Rs 1,941.3 crore came in large part from selling commercial properties to DAL, a promoter group company.
- 02Several promoter group companies had large falls in profit in fiscal 2005 and 2006.
- 03Real estate demand and prices are cyclical, and its 10,255 acres of land tied up large sums.
- 04The issue was very large at Rs 9,187.50 crore, priced at Rs 525.
- 05Promoter and promoter group holding fell from 97.42% before the issue to 87.43% after it.
Three years of numbers
All figures in ₹ crore, as reported in the DLF offer document.
| Metric | 31 Mar 2007 | 31 Mar 2006 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|---|
| Total Income | 4,034.10 | 1,242.00 | 626.00 | 526.60 |
| Profit After Tax | 1,941.30 | 191.70 | 86.50 | 53.80 |
| NET Worth | 3,976.40 | - | - | - |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the DLF RHP.
Where the money goes
₹9,187.00 Cr of the issue is earmarked to named objects.
About the company
As per an ACNielsen report cited in the prospectus, it was the largest real estate developer in India by area of completed residential and commercial developments. It develops residential, commercial and retail properties, and also ran DT Cinemas.
As of 30 April 2007 its land reserves were 10,255 acres with an estimated developable area of about 574 million square feet, and it had about 2,600 employees.
The IPO was Rs 9,187.50 crore and was entirely a fresh issue at Rs 525, within the Rs 500 to Rs 550 band.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
DLF IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
ICICI Securities
221 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Bannari Amman Spinning Mills (-25.2%).
Ubs Securities India Private Limited
22 issues handledBest listing: BGR Energy Systems (+75.0%). Weakest: Bharti Infratel (-9.1%).
Citigroup Global Markets India Pvt. Ltd
74 issues handledBest listing: Tata Technologies (+140.0%). Weakest: Puravankara Projects (-22.5%).
Deutsche Equities India Pvt. Ltd
14 issues handledBest listing: Reliance Petroleum (+66.6%). Weakest: Adlabs Entertainment (-9.9%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of DLF?
The current Grey Market Premium is ₹0.
What is the DLF IPO price band?
₹500 to ₹550, on a face value of ₹2.
When is the allotment?
The basis of allotment is 29 June 2007, with listing on 5 July 2007.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
