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MGF IPO is a book built issue of Rs 6,461.95 crores.
MGF IPO bidding started from February 1, 2008 and ended on February 11, 2008.
MGF IPO price band is set at ₹530 to ₹630 per share. The minimum lot size for an application is 10 Shares. The minimum amount of investment required by retail investors is ₹6,300.
Citigroup Global Markets India Private Limited, Bofa Securities India Limited, Axis Capital Limited and Kotak Mahindra Capital Company Limited are the book running lead managers of the MGF IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to MGF IPO RHP for detailed information.
| IPO Date | February 1, 2008 to February 11, 2008 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹530 to ₹630 per share |
| Lot Size | 10 Shares |
| Total Issue Size | 102,570,623 shares (aggregating up to ₹6,461.95 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 883,359,403 |
| Share holding post issue | 985,930,026 |
Investors can bid for a minimum of 10 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10 | ₹6,300 |
| Retail (Max) | 31 | 310 | ₹195,300 |
| Lot Size Calculator | |||
| Share Holding Pre Issue | 95.23% |
| Share Holding Post Issue | 85.31% |
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).
| KPI | Values |
|---|---|
| RoNW | -1.3% |
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.
The MGF IPO is subscribed 0.39 times on February 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) |
|---|
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.
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
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
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 share. The minimum order quantity is 10 Shares.
The IPO opens on February 1, 2008, and closes on February 11, 2008.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The MGF IPO opens on February 1, 2008 and closes on February 11, 2008.
MGF IPO lot size is 10 Shares, and the minimum amount required is ₹6,300.
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, Nuvama, 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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