Emaar MGF Land Ltd IPO Message Board (Page 23)

Dear Chittorgarh Team

I am a new investor in IPOs. Please note that the Total Public Issue size as per BSE Website is 102,570,623 Shares whereas here it is mentioned as 117,389,914 Shares. Please clarify.

I am do agree with anupam.............according to RBI result the repo rate and reverse repo rates doesnt cut so it will affect all banks and infrastructure companies so plz dont invest in such company. Atlist wait for a month. avoid IPO buy when comp will listed

this ipo was overprice
so plz apply carefully

well i will not speak much and two sum up shortly i must say it is a beginer and by the passage of time it will improve in a great deal, and to run their business they need money for investing. my personel opinion dont be over cautios n go for it.

IT IS MY OPINION THAT GREY PRICE FOR THIS IPO IS NEGLIGIABLE. IF SOME ONE HAS PATIENCE CAN APPLY THIS IPO. BEING REPUTED COM. IT IS GOOD IPO, BUT ARRIVED AT WRONG TIME.

I think there is NO point in applying for EMMAR MGF and wait for results for 20 days.
Omax, brigade and Parsvnath, very good companies in reality sector are available below their issue price. there is bound to be Pre Budget rally and More money can be made by Buying from market than from IPO.

Well I think the issue price is highly overvalued and one should think to buy the shares at the time of listing. No doubt the company is good.......investor will get good returns in near future.

I am really confuced by seeing the above messages. I am interested applying IPO, as some off then said to me that Emar MGF is a good IPO, But the i feel that the cost is high. Can any one tell the clear picture of this IPO

Its financials shown above shows that it was in loss in last years and shown profit only in quater 1. Will it mean that it is raising money for paying its old debts as also mentioned in the purpose of utilising the funds.

Hi all,

This is regarding the Emaar MGF IPO which is being launched. Emaar is a major property developer in the UAE. They buy land dirt cheap, develop it and sell it with huge, and I do mean huge profit margins. The guys are raking in billions. Which leads me to confusion as to why they need to raise an IPO when they can easily pump inhuge amounts of money from the middle east.

Points to be considered:

1) The public issue price is way overpriced and doesnt deserve to be so.

2) The company is facing several litigations in the middle east mainly poor quality of work (focussing on speed of completion and compromising on quality and safety). Purchasers of estates developed by Emaar have complained of poor workmanship, poor quality post-development service. Litigations in progress. Several workers (especially Indians) have died during construction work on their developments. Their familes were not provided any compensation. Emaar and other similar developers are slave drivers who force Indian workers to slog 24 hours a day and of somethign happens to them (death or injury) they are neglected/thrown out. Emaar is interested in making money and Indian workers are paid peanuts - some are paid a measly 2000 to 3000 rupees. Recent labour strikes in Dubai several times in the last year and in protest of this.

It mught be prudent for all to do their own studies, read the news and decide well before jumping into this IPO. This IPO has zero value. Futhermore, it should be boycotted by all indians for the way they treat Indians in Dubai. Invest in indian companies not in outsiders coming to India to rip off the Indian people.

Jai Hind

Emaar MGF is a good issue, but has opened at wrong time. people who have appetite to hold for 6 months to 1 year can apply and can get good solid returns. But list gains is doubtful.

How many lots max can we buy in Emaar? Any knowlegeable persons pls post.

OVERPRICED BETTER GO FOR UNITECH DLF AND OTHER GOOD INFRA COMPANIES AND BUY FROM OPEN MARKET THESE STOCKS HAVE CORRECTED TO DESCENT LEVELS

hey guys,
is there any risk to the apply EMMAR IPO? suggest me

Over price better go grey market and can earn.

Friends, this is my general humble request to you that don't go
for that company which has not a good fundamentals. Go only for
that company which has good fundamentals and credit in the market.Though you might not be earning good listing gain for Emaar
MGF but looking to the need of infrastructure in India, Emaar MGF
will give you good return in future. Apply for it. Ultimately
your wish. Why we have applied for Reliance Power because we
have trust in Ambani brothers and their past performance of
Reliacne group companies

What is the bid lot for Emaar?

Really, very highly priced issue...just banking on the name. nothing else. At this point, I think the olny issue which guarantees some return is Manjushree... at 45rs. where is the scope to lose money.

it is highly overpriced issue and one must not expect any lsting gain from it. in fact it will list at a whoping discount of around rs.200 to rs.250 per share. buy at that tie and keep for 2 years then you will recover your entire capital back.

don't waste money in such issues...instead invest in secondary market.

personally i feel that with as many as 13 issues lined up in 15 days, one shud be choosy as there are bright chances of huge allotments ( also consider this volatile secondary market conditions) and IPO of Rel Power has fallen far below expections as far as returns at one point of time was considered. investors are badly hurt and traders are injured with this sudden fall and over-exposed positions in F&O.