Damn yaar...Emaar MGF was going to be a big hit ...at least for one year i was going to keep my money in it. Emaar has got brilliant position overseas. Better luck next time guys.
Underwriting in India is more to compensate for any failure to pay the reamining amount (specifically applicable for Non-Retail where they have the option to pay paritally). They call this "soft" underwriting
Underwriting for "undersubscription" (Hard underwriting) is a rarity in our country.
Mr Kamal (391) deserves all appreciation for his findings. But I am afraid, our greedy big shots and market players will wait for some time and again resort to the same practice of "squeezing" public money at one go under the guise of public issue
Is there no practice of underwriting the Issue. If the Issue was underwritten, why the Company is not invoking the Agreement and insisting on the Underwriters to subscribe to the remaining portion.
retail ivestors ab to sudhar jao. kyon mehnat ki kamaai in lutero ko lutate ho. koi sabak seekho. har ek ipo me mat khusoooooo...... jaada paisa hai to apne maa baap ke liye kuch karo. phirangion ko paisa mat lutao....sharam karo
Please refer todays business line, in which it is mentioned thatemaar (which is dubai based) is listed on the dubai exchange at an equivalent of Rs 130... so plz dont buy it is worth 130.. n they think we all are fools
Lessons Learnt by Emaar MGF: 1.Do not be too greedy (Very Very aggressive pricing- no takers) 2.Do not assume that investors are fools (They think better) 3.Do not take investors for granted (They are smarter than u) 4.Do not make miscalculations (RPL refund will be invested??) 5.Do not ask for one time payment for such a big issue (Learn from Reliance) Chittorgarh thanks for giving me an oppotunity to ventilate.