HDIL readies Rs2,000 cr IPO; analysts see Rs460-500 range - livemint

Mumbai: Close on the heels of the mega public issue of Delhi-based realtor DLF Ltd, Housing Development and Infrastructure Ltd (HDIL), a group company of the Mumbai-based mortgage firm Dewan Housing Finance Ltd, plans to enter the capital market with a public issue of around Rs2,000 crore early July. Another Delhi-based realtor, Omaxe Developers Ltd, is also expected to hit the market around the same time
Analysts who have been crunching HDIL’s numbers in the run-up to the public issue said that the valuation and expected pricing will be comparable to DLF. Shailesh Kanani, analyst at Angel Broking said, “The expected price band of Rs460-500 for a Rs10 share will leave a lot on the table for retail investors, compared with DLF’s Rs525 for a Rs2 share.”..........HDIL readies Rs2,000 cr IPO; analysts see Rs460-500 range - livemint

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Investment Public Issue Housing Development and Infrastructure Ltd (HDIL) DFL IPO Angel Broking Knight Frank India Cushman Wakefield India Slum Rehabilitation Activity Adani Group Mumabi Land Bank Metro Rail Bennett, Coleman & Co. Ltd. Emaar MGF Omaxe Purvankara Developers Ltd. Sahara Infrastructure and Housing Ltd. Nagpur Pune News Pune Real Estate Ravi Karandeekar