Showing posts with label DLF IPO comparison GMR IPO. Show all posts
Showing posts with label DLF IPO comparison GMR IPO. Show all posts

Thursday, June 14, 2007

DLF IPO as compared to GMR Infrastructure IPO

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.