Incorporated in 1946, DLF Limited is a real estate development company based in India. DLF is the largest Indian company in terms of the area of completed residential and commercial developments. DLF's main area of operation is Delhi and surrounding areas.
DLF Limited is entering the capital markets with an initial public offering, IPO of 175,000,000 Equity shares of Rs. 2 each, for cash, at a premium to be decided through a 100% Book Built Issue.
The price band for the issue has been fixed at Rs 500/- at lower level and Rs 550/- at upper level for equity share of Rs 2. The issue opens on June 11, 2007, and closes for subscription on June 14, 2007. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
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