The Hindu Business Line : <I>DLF: 78% subscription on Day 1 </I>

Realty major, DLF Ltd's initial public offering of 17.5 crore shares was subscribed 0.78 times on the BSE and the NSE at 5.00 pm on Monday, its first day of subscription.

Bids were received across the price band of Rs 500-Rs 550.

The qualified institutional investor's portion was fully subscribed at 1.28 times, while the retail individual investor's portion was subscribed by only 0.033 times.

DLF stands to raise up to Rs 9,625 crore to build residential apartments, office complexes, shopping malls, cineplexes and hotels across the country.

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