Apply for DLF ipo,Decent profits for first Quarter,and LONG term for 2yrs

VIEW:
If we see the name and brand of DLF, then it is a good issue. But looking at concerns like, the company has litigation matters of Rs 355 crore and problem in land bank reserves ownership as most of the land is owned by its subsidiaries, then it is an average issue. One more negative point is that its price band of Rs 500-550; it is a very expensive issue. The company should come out with the price of Rs 200-300, which is its actual price after looking at its EPS of Rs 11.31 (Unitech at Rs 11.55). So people should either apply at lower price band of Rs 500 or part payment system, which means one can pay Rs 150 at the time of application and remaining amount at the time of allotment. People can take their own call.

DLF is the largest real estate development company in India in terms of the area completed and commercial development (AC Nielsen Report) and DLF's primary business is the development of residential, commercial and retail properties. DLF operations span all aspects of real estate development, from identification and acquisition of land, planning, execution and marketing of its projects through to the maintenance and management of its completed developments. DLF is also expanding its infrastructure, SEZs and hotel business.