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 objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital
1. Part payment towards acquisition of land and land development rights and related approvals for our ongoing and planned projects;
2. Development and construction costs for the project palm drive;
3. Repayment of loans;
4. To meet the expenses of the Issue;
5. For General Corporate Purpose.
| Issue Open | Feb 1, 2008 - Feb 11, 2008 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 102,570,623 Eq Shares of ₹10 (aggregating up to ₹6,461.95 Cr) |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹530 to ₹630 Per Equity Share |
| Market Lot | 10 Shares |
| Min Order Quantity | 10 Shares |
| Listing At | BSE, NSE |
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 10 | ₹6,300 |
| Maximum | 31 | 310 | ₹195,300 |
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to note that the book building issue of EMAAR MGF LAND LIMITED which was scheduled to close on 11th Feb. 2008, has been withdrawn by the Lead Managers and now the Issue stands Close.
No. of Times Issue Subscribed (BSE + NSE) | ||||||
|---|---|---|---|---|---|---|
As on Date & Time | QIB | NII | RII | Employee | Others | Total |
Shares Offered | - | - | - | - | - | - |
Feb 8, 2008 17:00 | 0.29x | 0.78x | 0.47x | 0.39x | ||
Emaar MGF Land Ltd
ECE House,
28, Kasturba Gandhi Marg,
New Delhi - 110 001, India
Phone: +91-11 4152 1155
Email: IPO@emaarmgf.com
Website: http://www.emaarmgf.com
Karvy Computershare Private Limited
Karvy Registry House, 8-2-596, St. No. 1,
Banjara Hills, Hyderabad - 500 034
Andhra Pradesh, India
Phone: +91-40-23312454
Email: einward.ris@karvy.com
Website: https://karisma.karvy.com/
MGF IPO is a main-board IPO of 102,570,623 equity shares of the face value of ₹10 aggregating up to ₹6,461.95 Crores.
The issue price of the IPO is ₹530 to ₹630 Per Equity Share. The minimum order quantity is 10 Shares per application and the offer type is Book Built Issue.
The IPO opens on Feb 1, 2008 and closes on Feb 11, 2008.
Karvy Computershare Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The MGF IPO opens on Feb 1, 2008 and closes on Feb 11, 2008.
MGF IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.
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.
MGF IPO lot size is 10 Shares and the minimum order quantity is 10 Shares.
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