DLF Universal files Draft Red Herring Prospectus with SEBI
New Delhi, May 12 (UNI) DLF Universal Ltd (DUL), a real estate developer, today filed its Draft Red Herring Prospectus with the Securities Exchange Board of India (SEBI).
DUL proposes to enter the capital market with an Initial Public Offering (IPO) of 202,000,000 equity shares of Rs 2 each for cash at a premium to be decided through the 100 per cent book building process.
The issue comprises a fresh issue of 187,097,190 equity shares by the company and an offer for sale of 14,902,810 equity shares.
The company also has a green shoe option of 17,000,000 equity shares.
In the IPO, the company proposes to reserve 200,000 equity shares for allotment to employees, Of the balance, at least 60 per cent will be alloted to Qualified Institutional Buyers, 10 per cent to non-institutional investors and 30 per cent to retail investors.
Kotak Mahindra Capital and DSP Merril Lynch are the global coordinators and Book Running Lead Managers, whuile Goldman Sachs and HSBC are advisors to the issue.
UNI RA MP RN1758