New Delhi-based property developer DLF Ltd's public issue has received a mega response from the institutional investors as the country's biggest public float was subscribed by 1.36 times on Wednesday.As per the data available on the National Stock Exchange (NSE) at 1300 hrs, the issue had received 23.83 crore bids for its proposed sale of 17.50 crore equity shares. A total of 61,90,270 bids were received at the cut-off price. The price band of the issue is Rs 500 to Rs 550 per share.The issue opened on Monday 11 June. On the second day, the issue was subscribed by 1.28 times. However, the retail investors have not given warm response to the country's biggest IPO, as the retail portion was subscribed merely 0.101 times. However, industry sources say these quotas would also be oversubscribed by the closing date, as most of the retail investors put their bids on the final day. The issue would close on 14 June.The issue would constitute 10.27% of the fully diluted post-issue capital of the company.
