11 Jun 07 DLF IPO opens with a bang
The DLF IPO has almost been subscribed by 50% its issue size in the first 1 hour itself. DLF IPO has received heavy subscription by institutional investors. To put things into perspective, 50% subscription in the DLF IPO means that the DLF IPO has received bids worth Rs. 4500 crores. This means a 100 crore IPO, would have been oversubscribed by 40 times. Hope this puts things into perspective. However, since lot of big name investment banks are involved, there is a possibility that these investment banks put up fake bids for the DLF IPO in order to generate hype and later withdraw these bids. This tactic has been used in the past and there are no measures placed to prevent it from being used in future. For more information on the DLF IPO make sure you read the previous articles on DLF IPO News and DLF IPO Details
Related Posts
Leave a Comment
