DLF Among Top 10 Cos In M-Cap Chart

May 28, 2007	(2 votes, average: 4.5 out of 5)  Loading ...
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DLF, a prominent name in Indian real estate, has made an entry in the chart of the top 10 companies in terms of market capitalization. Its total enterprise value is estimated to be Rs 85,221 crore on the lower side of the price band of Rs 500 a share on the total equity capital of Rs 340.88 crore of Rs 2 paid up equity share.

On the higher side, the company’s current enterprise value is determined to be Rs 93,743 crore. The company has recently been successful in getting SEBI nod for IPO of Rs 9,625 crore. Regarding the same, DLF has announced a price band of Rs 500-550 per share.

DLF is all set to grab the eight position as far as the market capitalization ranking is concerned. The company’s enterprise value at lower side includes 50 per cent of the total market capitalisation of property stocks listed on the Bombay Stock Exchange (BSE).

The realty sector is likely to cross the market capitalisation of Rs 1, 70,000 crore after the DLF listing. This will help it to hold a good place among the top-ten sectors after telecommunication, oil exploration and power and ahead of pharmaceuticals, steel and engineering sectors.

News Published Under:   Real Estate Developers |