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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.