DLF Fixes Maiden Float Price Band At Rs 500-550

New Delhi: Real estate player DLF Ltd has fixed price band of Rs 500-550 per equity share for its forthcoming initial public offering. The issue opens on June 11 and closes on June 14. The company registered its prospectus with the Registrar of Companies on May 24. The company had registered its draft prospectus in January for 17.5 crore equity shares of Rs 2 each. The company thus proposes to mop up Rs 8,750 crore at the lower end of the price band and Rs 9,625 crore at the upper end. DLF's public issue will fall shy of Oil and Natural Gas Corporation's public issue in 2004 of around Rs 10,500 crore, the country's largest issue by far, by around Rs 875 crore even if all the shares are subscribed at the upper end of the price band.