DLF IPO: Should you subscribe
The much-awaited DLF IPO has finally hit the stands. Founded in 1946, the company is the largest real-estate developer in India and its IPO is poised to be the largest issue to hit the primary markets raising Rs 9,625 crore.
With a track record of successfully developing 220 million square feet of real estate projects, DLF is an established brand name with premium positioning in lucrative NCR market.
Even though there are no concerns about quality of the management or the companys executing capabilities, questions are being raised on the valuations front. The proceeds of the IPO would be used for acquiring new lands and retiring the long-term debt.
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