Emaar MGF Land Ltd IPO Message Board (Page 17)

NDTV reported that the ipo is now open till MONDAY and lower band has been revised to Rs.530 from Rs.540 earlier....

In emaar ipo nse site is not showing figure upto 5=00 p.m. though it is now 5=45. dont get surpprise to see big figure of sub.by the way of some manuplation

i have applied through online ipo site so can u please tell me that now what happened to my money.

Hey Guys,

I read in the below posts that withdrawals have taken place for this IPO. Can we withdraw our application today if I have applied for it say on Friday? I am actually sceptical about the listing price of this IPO and was thinking if withdrawal was an option. I DEMAT with HDFC.

Thanks

262 - There is abundant liquidity in the market but not the confidence to buy such stocks by paying very high premium. Thats all. The issue at lower band has a PE of 200??? A whopping figure!

The subscription was 0.62 at 2 pm, 0.61 at 3 pm & 0.60 at 4 pm, as per the NSE web-site. There has been some withdrawals. Would the issue go through? Doubtful.

Hi 262,

I got refund on Yesterday.................

Hii....Guys...wel..as per my point of view,the reason for nt subscribe this issue is only that Reliance Power has not yet to given refund...so aam log paisa kaha se layenge...Relaince power wale Emaar Ko dabane ki game kar gaye..

TO RUSH 251 HELLO WHEN U R FAVOUR ABOUT ANY COMPANY, you are clever, and don't comment that who are not applied for this issue are fools..Future(listing day) you will know who is fool and who is clever..so many good scripts are available in secondary market and the market is on downwards from 21 to 18 ...and the people are waiting for the upward signal to buy the stock..There is no need for any one ( as per you fools) to apply for this issue which is overpriced almost 50%...You are clever and apply and get the good returns on Lisitng and for long term..Enjoy yourselves.Good Luck ...A brilliant Fool..

at 3=00 p.m. emmar was sub. by .61 times now at 4=00p.m. it shows .60 times so there must be ..WITHDRAWAL...LET US SEE WHAT HAPPENS

Emaar MGF IPO in trouble; subscribed 58% before closing

Initial public offering (IPO) of Emaar MGF Land, a joint venture between one of the world`s leading real estate companies, Emaar Properties PJSC of Dubai, and MGF Development of India, seems to be in trouble due to poor response from investors. Before 4 hours to close, the IPO subscribed 58%. The company received 59.12 million bids as against issue size of 102.57 million shares.

The price band has been fixed between Rs 610 and Rs 690 a share. The issue has been assigned an IPO grading of 4 out of a possible 5 by the rating agency, Credit Analysis and Research (CARE), which reflects `Above Average` fundamentals of the company.

Emaar MGF commenced its operations in India in February 2005 with the mission of being a real estate development company striving to develop and deliver unique integrated lifestyle and work place environments and planned developments. The primary business is the development of properties in the residential, commercial, retail and hospitality sectors.

Dear Ashish(59.176.104.239) 2/6/2008 2:08:24 PM IST

The parent company makes its profits making Indians slog in the sun and paying them peanuts. If you want to profit from companies who rip off Indians, you are sick

I have applied for only 1 lot. So is there any chances to allot the shares? I think because of the undersubscription i will definately get the share? plz reply and thanks in Advance.

0.6 times at 2:50 PM

Any one have latest subsription staus please. Thanks in Advance

The right price for this scrip is Rs.260/= only and not a paise beyond it. The public should exercise caution in applying for such high priced issues in a mkt like this. The mkt may further go down another 10% from these levels at the time of listing. You might finally get the stock at a very good discount on listing. Have patience and pick it up from the secondary mkt on listing.

I saw that only .58 subsription happened. So if i quote for 550 (most of them quoted for 540), there is a good chance for getting this share for 550?. I am new, so i have a doubt. IF they they fix the rate as 600 (but only .58 subscription : so how can they fix rate for 600?), is there any chance to get shares for my quote(550)? please reply ..

Regards

Guys the company is very good. Market conditions are bad thats the reason the issue hasn't got its subscription. Currently it is
0.58 number of times issue is subscribed.

The parent company EMAAR has had a very good year. Net Profit for 2007 is US$1.79 Billion on a revenue of US$4.782 Billion.

Guys remember GMR Infrastructure it also didn't get good response and Rs.199 share (for retailers) before split is quoting at Rs.178 after split. The split was 5 shares for 1 share.

I guess we all can make our own assessment. Am also hoping it does well as i have put in three full lot bids.

Thanks
Happy Investing

Its a nice issue whom are not applied for this issue they are big fool. Rightnow i have only 10000Rs. so i can apply only for 1 lot otherwise i want to apply 2lot for this issue.

is it worth to apply?