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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.
| IPO Opening Date | Feb 1, 2008 |
| IPO Closing Date | Feb 11, 2008 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹530 to ₹630 per equity share |
| Market Lot | 10 Shares |
| Min Order Quantity | 10 Shares |
| Listing At | BSE, NSE |
| Issue Size | 102,570,623 Eq Shares of ₹10 (aggregating up to ₹6,461.95 Cr) |
The MGF IPO market lot size is 10 shares. A retail-individual investor can apply for up to 31 lots (310 shares or ₹195,300).
| 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.
The MGF IPO is subscribed 0.39 times on 2/8/2008 5:00:00 PM. The public issue subscribed 0.47 times in the retail category, 0.29 times in the QIB category, and 0.78 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
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
KFintech Private Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.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 is priced at ₹530 to ₹630 per equity share. The minimum order quantity is 10 Shares.
The IPO opens on Feb 1, 2008, and closes on Feb 11, 2008.
KFintech 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 lot size is 10 Shares and the minimum order quantity is 10 Shares.
You can apply in MGF IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, 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.
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