DLF LTD - IPO
Type of Issue : Book Built
Issue Opens: 11 June, 2007
Issue Closes: 14 June, 2007
Issue Size : 175,000,000 (No. of Shares)
Lower Price Band : Rs.500
Upper Price Band: Rs.550
Application Multiple: 10 and in multiples there off starting with atleast 10 shares.
Maximum Shares: 180 (for Retail)
Information URL : http://www.dlf.in/
Prospectus URL : http://www.sebi.gov.in/dp/dlfred.pdf
ISSUE Description
Company Background
DLF Ltd. is the largest real estate development company in India in terms of the area of their completed residential and commercial developments. Since 1946, DLF has approximately 224 mln sqft, including 22 urban colonies as well as an entire integrated 3,000 acre township – DLF City.
DLF’s key competitive advantage is its ability to build a sizable and quality land bank that it can strategically develop to generate high returns. Their reputation attracts multinational clients seeking to occupy multiple locations.
Land Reserves
DLF has land reserves in various strategic locations across India, amounting to 10,255 acres, with 51% of their Land Reserve in the NCR, 23% in Kolkata, 5% in Goa, 5% in Maharashtra, 3% in Indore, 4% in Punjab, 2% in Bangalore and the balance in various other states.
Key Customers
DLF’s customer mix comprises of multinational and Indian companies in the IT / ITES and non-IT space. Of the company’s commercial client base of 110 corporates, 70 are Fortune 500 companies.
Innovators
DLF was one of the first developers to anticipate the need for townships on the outskirts of fast growing cities and are credited with the growth of Gurgaon. DLF were one of the early developers to focus on theme-based projects such as The Magnolias development in DLF City which includes a golf course. DLF are one of few developers in India to provide commercial space with floor plates of over 100,000square feet. They have been an early developer of large shopping mallswith integrated entertainment facilities.
Objects of the Issue
a) Acquisition of land & development rights b) Development and construction costs for existing projects
c) Prepayment of loans of our Company
Strategy for the future
i) Increase land Reserve in strategic locations ii) Expand their core business lines nationally,
iii) Engage in SEZ development, iv) Engage in infrastructural development, v) Expand operations in multiplex cinema development and operations through DT cinemas.
Key Financials for year ended March 31, 2007
Revenue Rs. 40340.10Mln PAT Rs.19410.30 Mln
EPS Rs.12.80/- RoNW % 78.72
Recommendation
Apply for the Long Term. As this sotck will come into the Sensex and Nifty after its listing due to its market capitalization. Which will see buying from fund houses and FII's which invest in the index.
Issue Opens: 11 June, 2007
Issue Closes: 14 June, 2007
Issue Size : 175,000,000 (No. of Shares)
Lower Price Band : Rs.500
Upper Price Band: Rs.550
Application Multiple: 10 and in multiples there off starting with atleast 10 shares.
Maximum Shares: 180 (for Retail)
Information URL : http://www.dlf.in/
Prospectus URL : http://www.sebi.gov.in/dp/dlfred.pdf
ISSUE Description
Company Background
DLF Ltd. is the largest real estate development company in India in terms of the area of their completed residential and commercial developments. Since 1946, DLF has approximately 224 mln sqft, including 22 urban colonies as well as an entire integrated 3,000 acre township – DLF City.
DLF’s key competitive advantage is its ability to build a sizable and quality land bank that it can strategically develop to generate high returns. Their reputation attracts multinational clients seeking to occupy multiple locations.
Land Reserves
DLF has land reserves in various strategic locations across India, amounting to 10,255 acres, with 51% of their Land Reserve in the NCR, 23% in Kolkata, 5% in Goa, 5% in Maharashtra, 3% in Indore, 4% in Punjab, 2% in Bangalore and the balance in various other states.
Key Customers
DLF’s customer mix comprises of multinational and Indian companies in the IT / ITES and non-IT space. Of the company’s commercial client base of 110 corporates, 70 are Fortune 500 companies.
Innovators
DLF was one of the first developers to anticipate the need for townships on the outskirts of fast growing cities and are credited with the growth of Gurgaon. DLF were one of the early developers to focus on theme-based projects such as The Magnolias development in DLF City which includes a golf course. DLF are one of few developers in India to provide commercial space with floor plates of over 100,000square feet. They have been an early developer of large shopping mallswith integrated entertainment facilities.
Objects of the Issue
a) Acquisition of land & development rights b) Development and construction costs for existing projects
c) Prepayment of loans of our Company
Strategy for the future
i) Increase land Reserve in strategic locations ii) Expand their core business lines nationally,
iii) Engage in SEZ development, iv) Engage in infrastructural development, v) Expand operations in multiplex cinema development and operations through DT cinemas.
Key Financials for year ended March 31, 2007
Revenue Rs. 40340.10Mln PAT Rs.19410.30 Mln
EPS Rs.12.80/- RoNW % 78.72
Recommendation
Apply for the Long Term. As this sotck will come into the Sensex and Nifty after its listing due to its market capitalization. Which will see buying from fund houses and FII's which invest in the index.
posted by Sensex-Blog Admin at 12:02 PM
1 Comments:
I bought this stock about 4 months ago and lost my butt :(
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