didn't apply. not for short term.i am what i am is giving wrong details .i hope that nobody applied through partial payment as then their shares will list after some time.
MR. KAMAL 100% AGREE WITH YOU I HAD POSTED THIS MASSAGE EARLIER
KR CHOKSEY BROKRAGE HOUSE CALL
If we see the name and brand of DLF, then it is a good issue. But looking at concerns like, the company has litigation matters of Rs 355 crore and PROBLEM IN LAND BANK RESERVES OWNERSHIP AS MOST OF THE LAND IS OWNED BY ITS SUBSIDIARIES, then it is an average issue. One more negative point is that its price band of Rs 500-550; it is a very expensive issue. The company should come out with the price of Rs 200-300, which is its actual price after looking at its EPS of Rs 11.31 (Unitech at Rs 11.55). So people should either apply at lower price band of Rs 500 or part payment system, which means one can pay Rs 150 at the time of application and remaining amount at the time of allotment. People can take their own call.
AFTER READING THIS LINE (PROBLEM IN LAND BANK RESERVES OWNERSHIP AS MOST OF THE LAND IS OWNED BY ITS SUBSIDIARIES ) IN THE REPORT – I scared because it has not great track record of corporate governance.
a) it had problems with its minorities share holders b) one of its subsidiaries in Calcutta stock exchange fined 3-4 years ago for illegally manipulation in price of its one subsidiaries c) After IPO if it says that land banks partial owner is also its subsidiary then what will happened think you self.
Mr. Fandoo U right its a good IPO - but one cannot expect a good listing, which is the bottom line. This stock is good for long term and not at all for short term. One need not get upset if this stokc is listed at Rs. 25 to 50 discount. The intention of the management is not good. To show more profit, the company sold its land bank to its own subsidiary and booked profit and subsidiaries due are still in Accounts Receivables. So, fundamentally not a strong company. The land banks also not in the name of DLF, you know? The company has cheated its minority shareholders earlier. The company will use most of the IPO proceeds to repay its liabilities/loans. By holding 84% of the promoter's stake after this issue, probably Mr. Singh is interested in becoming one of the top 20 billionnaires of the world. May be this is the objective of the issue.
dlf has flopped, those who have put in their bids should be better if they dont honour their cheques. stop payment all your cheques such that such greedy managements should learn to leave something for the retail investors
why to disscus about dlf.everybody knows result.save money for other ipo which are round the corner. icici has already declare 5% discount to retail investor.
Please do not worry if you have applied for DLF IPO. You will definitely get good return on ur investment. The retail portoin may not get full subscription because of some bad publicity. But i can see the overall subscription will reach 8 times by evening. just wait and watch
Dear subscriber, Apply in this IPO, because NSE website is hiding something, to retail investors. You may get good returns on listing day. Remember, Jo darr gaya, samjo mar gaya. Be Positive, People who takes risk will earns alot.
please do not subscribe for this, recently the news have put a fair value of dlf @475 per share, so wait let the market correct and then enter, as CRR rates shall hike post monsoon.