DLF India Ltd which wanted to re-list itself on the Indian stock exchanges during May had to postpone to August because of the market crash. Subsequently, we exposed the company on how they had looted and cheated small investors. This issue was settled in November with the company deciding to allot shares to small investors who were cheated as mentioned above.Now it is back in the news again after two high profile Real Estate IPOs in India - Parsvnath Developers Limited and Sobha Developers Limited. This time around their are vested interests trying to figure out what is the best price the company can re-list itself by brining rumors such as it's grey market price is Rs725 and insiders talk about approaching existing small equity shareholders of the company to surrender their shares.
Insiders also tell that a new RHP will be filed and this time the size of the issue is likely to go up from Rs 10,000 crores to Rs13,500 crores. DLF is in partnership with Hilton group to establish a branded chain of Hotels in India. DLF is likely to make a private placement to Private Equity Investors, VCs and FIs before its IPO in Jan-07. When will Indians realize that current Realty prices today are far from reality ?
Tags: DLF IPO, Realty India, DLF, Hilton, SEZ India
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