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Recommendations
Thursday, June 14, 2007
DLF Final Subscription Detals
Qualified Institutional Buyers (QIBs) - 5.1288 times
Non Institutional Investors - 1.1434 times
Retail Individual Investors (RIIs) - 0.9752 times
( 3347960 out of 50903990 are price bids)
Employee Reservation - 0.7862 times
(726280 of 786150 are price bids )
OVERALL -3.47 times
Price bids essentially mean that if DLF fixes the IPO price at 550, all those price bids will be rejected - so all the others will get more than what they bargained for.
Update
(pun intended ofcourse with the bargain statement) - Most of the retail guys apply for listing gains because they hope the issue is hugely oversubscribed, In this case, the FIIs will get the unallotted retail shares - so they might not even buy from the secondary market.