14 Jun 07 DLF IPO Retail Investor Category seems to be Oversubscribed
Looks like the retail category in the DLF IPO has been oversubscribed. Due to the large number of applications coming in for the DLF IPO in the last few hours of the IPO being open for subscription, the data is still being updated by the Lead managers for the IPO. As of 8 o clock, the DLF IPO has been subscribed by 3.47 times (oversubscribed by 2.47 times). Retail category is expected to be subscribed between 0.95 times and 1.25 times. Once the final category wise subscription figures are available we will have more clarity. Those who applied for the DLF IPO under the retail investor category might get full subscription. Hence its a case of high risk high reward scenario wherein if DLF lists at a premium the profits will be huge and if DLF lists at a discount then the losses would be equally huge. I feel DLF will not fix the IPO issue price at the higher band at Rs. 550. Lets wait till the investment bankers fix the issue price. DLF IPO is trading in the grey market at a premium of around Rs. 100. The grey market premium might fall tomorrow if the final subscription figures turn out to be disappointing.
Related Posts
Reader's Comments
Leave a Comment
Boss, only 1 request. Pls explain me the procesure of applying IPO in hard copy form and not online.
PLS do it for me.
Where did you know Rs 100/ premium from?
@ DLF – I got to know from a friend in Ahmedabad who is active in the IPO grey market.
Pl. explain to me what is grey market.