HDIL IPO - Housing Develovpment and infrastructure IPO - HDIL IPO opens on June 28th 2007

HDIL IPO opens for subscription on 28 June, 2007 and closes for subscription on July 03, 2007.Price Band Between Rs. 430 to Rs. 500 per shareAbout The Company :Since 1978, HDIL has been satisfying the diverse needs of scores of home seekers in Mumbai, the commercial capital of India and Bangalore. It was not just the intention of doing business by being responsible for marketing affordable homes; the very inclination was to give the best to the home seeker fraternity at large.Issue Details Issue of Equity Shares# 30,000,000 Equity Shares of whichEmployee Reservation Portion# 600,000 Equity SharesNet Issue# 29,400,000 Equity Shares Of which:Qualified Institutional Buyers (QIBs) Portion At least 17,640,000 Equity Shares* of whichAvailable for Mutual Funds only 882,000 Equity Shares*Balance of QIB Portion (available for QIBs including Mutual Funds) : 16,758,000 Equity Shares*Non-Institutional Portion 2,940,000 Equity Shares*Retail Portion 8,820,000 Equity Shares*Green Shoe Option Portion1 Up to 4,500,000 Equity SharesThe Issue and Green Shoe Option Portion Up to 34,500,000 Equity SharesPre and post-Issue Equity SharesEquity Shares outstanding prior to the Issue : 180,000,000 Equity SharesEquity Shares outstanding after the Issue (excluding the exercise of the Green Shoe Option) :210,000,000 Equity SharesEquity Shares outstanding after the Issue (including the exercise of the Green Shoe Option in full) : 214,500,000 Equity Shares