01 Jul 07 HDIL IPO Subscription Details
The HDIL IPO which opened for subscription on Thursday has received decent subscription interest from institutional investors. CLSA says that the HDIL IPO has been priced at a 20-30% discount to its forward NPV. The only concern however is the fall in retail demand for property because of high interest rates. The HDIL IPO is good and investors should watch the subscription figures closely and take a call on whether to apply or not on 3rd July which is the final day of subscription.
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