Shares of DLF Ltd debuted on the Bombay Stock Exchange today at Rs 582 apiece, making promoter and chairman Kushal Pal Singh the fourth richest Indian. The listing was nearly 11 per cent above the issue price of Rs 525. | |
| DLF is the first real estate company to become one of the top 10 Indian companies by market capitalisation and is ninth with a valuation of Rs 96,285 crore, based on today's closing price of Rs 570. DLF's entry into the top 10 removes Bhel from the list. |
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| The net worth of Singh, who holds 87.43 per cent of the equity, is around Rs 84,968 crore. Singh displaces Wipro Chairman Azim Premji, who becomes fifth on the Indian rich list. |
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On the National Stock Exchange, the DLF shares were listed at Rs 526, a Re 1 premium to the issue price.
THE NEW WEALTH STAKES
Top 10 by market cap | | | | Rs crore | | 1 | Reliance Ind | 2,37,997.57 | | 2 | ONGC | 1,88,156.39 | | 3 | Bharti Airtel | 1,61,902.78 | | 4 | NTPC | 1,25,991.24 | | 5 | Reliance Com | 1,11,439.97 | | 6 | Infosys Tech | 1,09,473.34 | | 7 | TCS | 1,08,600.14 | | 8 | ICICI Bank | 1,10,770.53* | | 9 | DLF | 96,285.46 | | 10 | SBI | 81,408.08 | | * including FPO of Rs 20,000 crore |
| Top 10 by net worth | | Name | Net worth
Rs crore | Flagship | | Mukesh Ambani | 1,52,414 | Reliance Ind | | Sunil Mittal | 98,680 | Bharti Airtel | | Anil Ambani | 85,628 | Reliance Comm | | KP Singh | 84,968 | DLF | | Azim Premji | 58,541 | Wipro | | Anil Agarwal | 42,863 | Sterlite | | Tulsi Tanti | 29,126 | Suzlon | | Ramesh Chandra | 28,369 | Unitech | | GM Rao | 20,405 | GMR Infra | | Kumar Mangalam Birla | 18,434 | Grasim |
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| With DLF's listing, India's ranking among Asia Pacific countries remained unchanged at sixth with a market capitalisation of $1.07 trillion. Japan tops the region with a market cap of $4.97 trillion, followed by Hong Kong ($2.09 trillion), China ($2.07 trillion), Australia ($1.16 trillion) and South Korea ($1.08 trillion). |
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| India is likely to pip South Korea after the listing of a slew of new issues during the year. India's global ranking remains 16th, with a minuscule share of 1.55 per cent. The US tops the ranking with a market cap of $18.72 trillion. |
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| Based on the trailing 12 months' earnings per share of Rs 12.80, the DLF stock is traded at a PE (price-earnings ratio) of 44.53. The PE of Unitech is at 22.61. |
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