Bookbuilding IPO | ₹6,462 Cr | Listing at BSE, NSE | Fri, Feb 1, 2008 - Mon, Feb 11, 2008
MGF IPO is a book build issue of ₹6,461.95 crores.
MGF IPO bidding started from Feb 1, 2008 and ended on Feb 11, 2008.
MGF IPO is set issue price band at ₹530 to ₹630 per share. The lot size for an application is 10 shares. The minimum amount of investment required by an individual investor (retail) is ₹6,300 (10 shares) (based on upper price). The lot size investment for sNII is 32 lots (320 shares), amounting to ₹2,01,600, and for bNII, it is 159 lots (1,590 shares), amounting to ₹10,01,700.
Citigroup Global Markets India Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to MGF IPO RHP for detailed Information.
IPO Open
Fri, Feb 1, 2008
IPO Close
Mon, Feb 11, 2008
Price Band
₹530 to ₹630
Market Cap (Pre-IPO)
₹62,113.59 Cr
| IPO Date | 1 to 11 Feb, 2008 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹530 to ₹630 |
| Lot Size | 10 Shares |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 10,25,70,623 shares (agg. up to ₹6,462 Cr) |
| Share Holding Pre Issue | 88,33,59,403 shares |
| Share Holding Post Issue | 98,59,30,026 shares |
Investors can bid for a minimum of 10 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10 | ₹6,300 |
| Retail (Max) | 31 | 310 | ₹1,95,300 |
| S-HNI (Min) | 32 | 320 | ₹2,01,600 |
| S-HNI (Max) | 158 | 1,580 | ₹9,95,400 |
| B-HNI (Min) | 159 | 1,590 | ₹10,01,700 |
Incorporated in 2005, Emaar MGF Land Limited is a joint venture between Emaar Properties PJSC (“Emaar”) of Dubai and MGF Development Limited ("MGF") of India.
Emaar is one of the world’s leading real estate companies – having developed approximately 45.0 million square feet of real estate across residential, commercial and other business segments and with operations in 16 countries. Emaar's primary business is the development of properties in the residential, commercial, retail and hospitality sectors. They have also identified healthcare, education and infrastructure as business lines for future growth.
Emaar's current project includes The Views at Mohali Hills (Mohali),The Villas at Mohali Hills (Mohali), Boulder Hills (Hyderabad), Palm Springs (Gurgaon), Chennai Esplanade (North Chennai), Palm Drive (Gurgaon), The Central Plaza (Mohali), Courtyard by Marriott (Amritsar), J.W. Marriott (Kolkata), Holiday Inn (Kolkata), Holiday Inn (Dehradun).
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Part payment towards acquisition of land and land development rights and related approvals for our on going and planned projects | 3,161.50 |
| 2 | Development and construction cost for our project Palm Drive | 775.50 |
| 3 | Repayment of loans | 1,449.60 |
| 4 | General corporate purposes | |
| 5 | Issue Expenses |
| KPI | |
|---|---|
| RoNW | -1.3% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 95.23% | 85.31% |
| Market Cap | ₹62,113.59 Cr. |
The MGF IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | - | - | - | |
Attention Members (NSE Notice)
Global Coordinators and Book Running Lead Managers to the issue have informed the Exchange that the issue will now close on Feb 11, 2008 instead of the earlier closing day on Feb 06, 2008. Further price band has been revised from Rs.540/- to 630/- per share to Rs.530/- to Rs.630/- per share.
Attention Members NSE Notice
Members are requested to note that the book building issue of EMAAR MGF LAND LIMITED which was scheduled to close on 11th Feb. 2008, has been withdrawn by the Lead Managers and now the Issue stands Close.
Lead Manager Reports
MGF IPO is a main-board IPO of 10,25,70,623 equity shares of the face value of ₹10 aggregating up to ₹6,462 Crores. The issue is priced at ₹530 to ₹630. The minimum order quantity is 10.
The IPO opens on Fri, Feb 1, 2008, and closes on Mon, Feb 11, 2008.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in MGF IPO using UPI as a payment gateway. Zerodha customers can apply in MGF IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in MGF IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The MGF IPO opens on Fri, Feb 1, 2008 and closes on Mon, Feb 11, 2008.
MGF IPO lot size is 10, and the minimum amount required for application is ₹6,300.
You can apply in MGF IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for MGF IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the MGF IPO allotment status.
The MGF IPO listing date is not yet announced. The tentative date of listing is .
