India Inc has witnessed a number of IPOs (Initial Public Offering) in the last one year. Every one and anyone seems to be comming up with an IPO in a bid to encash the buoyancy of the market conditions. Experts say that it is a good move on the part of the promoters of the companies comming up with the IPOs. They say that the Promoters think that after the hard work put in by them in the last so many years in building up their company, its the right time to encash some moolah out of it.
On similar lines, DLF Universal Ltd, Indias largest real-estate major is comming up with a Rs 13,600 crore publis issue. The company will issue 202 million equity shares of Rs 2 at a premium which shall be decided by a 100% book building process.
DLF Universal Ltd, which filed a draft red herring prospectus for its initial public offer with the Securities and Exchange Board of India today
This is going to be the largest IPO ever in India surpassing the Rs 5000 crore issue of Tata Consultancy Serviced Ltd. Mr Kp Singh and his son Mr Rajiv Singh would still hold 87% of the equity in the company post IPO. This real-estate major seems to have serious designs in mind in the real-estate sector. At 60 years of history behind it, a Rs 13600 crore IPO, projects all over the country and huge expansion plans int he near future definitely suggests so. Other players in the same sector better watch out…!!!
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earlier relaince now DLF collecting huge funds from public.
Imagine people collect money from public to build their own empire. where they are all heading?
Reliance has Rs. 1, 35,000 Crores or 1350 billion ruppes with them. Now they can do what ever they like with that money.
Days are nearer when few people will rule India with the power of money..
It’s my thoughts.