D B Realty IPO

#1
I did not find any thread on this IPO. DB Realty is one of the major real estate developers in Mumbai. And this morning, Udayan compared it to HDIL. Any reason why people are not interested in this one? Any analysis or suggestions?

The retail subscription until yesterday was only 0.02 times. Anyone applying for this one?

Thanks.
 
#2
I have got the same question.

The company also has its forthcoming projects coming up at Goregaon, Dahisar, Malad, Mumbai Central, Byculla, Bandra, Kurla Complex and Mira Road. All these projects are going to give very good margins, as also fast selling of the units and apartments. Thus, the company has an advantage and edge of probably the only and largest company, amongst the listed peers, to have such a strong presence in Mumbai. Also, due to saleable area of close to 61 million sq. feet, it should be able to have strong pipeline of projects for next 7-8 years,of which, one third are under development.

Considering all this, due to strong presence in Mumbai coupled with debt free status, issue looks good and recommended even at the upper band of Rs. 486. The issue should be able to give good returns, if held with 6-12 months view, as also listing gains, as it is found to be reasonably priced while comparing it, with its listed peers.

One can subscribe the issue even at the upper band.
Source

Any opinions?
 

Alchemist

Administrator
Staff member
#3
D B Realty is an expensive IPO and so there isn't much interest for the issue.

There is some institutional interest and the listing may be at a small premium.

I am not applying as I am not sure about the valuations.
 
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