The biggest IPO in Indian history has failed to garner 100% subscription
in retail category, 97% is the number, whereas QIB quota has it around
500%. This reminds me of GMR Infra IPO in 2006. QIB quota around 10 times
whereas retail category was subscribed 0.5 times.
But in around 2 months' time it took off and was trading at 50% premium.
I expect the same to happen with DLF.
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