Real estate giant DLF on Wednesday revived the process of entering the capital market through its initial public offer, being touted as the country's largest, to raise about Rs 13,600 crore (Rs 136 bilion).

K P Singh-owned DLF has filed a new prospectus with market regulator Securities and Exchange Board of India for getting approval for its public offering that is expected by March this year.

DLF proposes to enter the capital market with a public issue of 17.5 crore (175 million) equity shares of Rs 2 each through 100 per cent book building process, the company said in a statement.

"The company could raise more than or equal to Rs 13,600 crore (Rs 136 billion)," market sources said, adding this would make the public issue India's biggest, exceeding that of ONGC.

The state-run oil firm had in 2004 raised Rs 10,500 crore (Rs 105 billion) through its offer.

In the earlier attempt to enter the capital market last year, DLF had plans to raise Rs 13,600 crore to meet construction cost, land acquisition and repayment of debt.

The post-issue dilution of the proposed issue would be 10.1 per cent, the sources said.

DLF's plan to enter the capital market comes close on the heels of successful IPOs of Parsvnath and Sobha Developers that received overwhelming subscription. Another realty firm Omaxe has filed the prospectus to raise up to Rs 1,400 crore (Rs 14 billion).

The company had earlier withdrawn its prospectus from Sebi in August last year due to differences with minority shareholders regarding allotment of debentures. However, in November the company resolved the differences, which paved the way for the revival of its IPO plan.