Despite its uninspiring debut, DLF has entered the league of top 10 market-cap companies. DLF’s market capitalisation stood at Rs 93719.71 crore at 10:30 IST, with the company emerging as the eight largest firm in India in terms of market cap, ahead of ICICI Bank and State Bank of India.

DLF has also become the first real estate firm to enter the list of top 10 market-cap companies. As the promoter holding in DLF is a huge 88.24%, its listing has swelled the promoters’ wealth. The DLF scrip was hovering at Rs 554.85 on BSE, a premium of 5.6% over IPO price of Rs 525.

DLF’s equity capital is Rs 337.82 crore. Face value per share is Rs 2. The DLF IPO was heavily bid by large funds, but it had just managed full subscription for the 5.22 crore shares reserved for small retail investors. The IPO was subscribed 3.47 times.

At the current price of Rs 554.85, the scrip trades at a PE multiple of 166.1 based on year ended March 2007 (consolidated) EPS of Rs 3.30. At Rs 525 per share, the IPO was priced 159 times its year ended March 2007 EPS of Rs 3.30.

DLF’s consolidated profit before extra-ordinary items and tax stood at Rs 732.40 crore on revenue of Rs 1734.70 crore in the year ended 31 March 2007. Real estate developer Unitech is 19th largest company in terms of market cap. Its current market cap is Rs 44318.82 crore. The current price of Rs 546 discounts its FY 2007 EPS of Rs 15.80 (based on consolidated results), by a PE multiple of 34.55.