emaar mgf land limited

8/7/2019 Emaar Mgf Land Limited

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EMAAR MGF LAND LIMITED

IPO� Incorporated in 2005, Emaar MGF Land Limited is a joint venturebetween Emaar Properties PJSC (Emaar) of Dubai and MGFDevelopment Limited ("MGF") of India.

� Emaar is one of the worlds leading real estate companies havingdeveloped approximately 45.0 million square feet of real estateacross residential, commercial and other business segments andwith operations in 16 countries. Emaar's primary business is thedevelopment of properties in the residential, commercial, retail andhospitality sectors. They have also identified healthcare, educationand 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 (NorthChennai), Palm Drive (Gurgaon), The Central Plaza (Mohali),Courtyard by Marriott (Amritsar), J.W. Marriott (Kolkata), HolidayInn (Kolkata), Holiday Inn (Dehradun).



Objects of the Issue

� The objects of the Issue are to achieve the benefits of listing on theStock Exchanges & to raise capital

� 1. Part payment towards acquisition of land and land developmentrights and related approvals for 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;



Bidding Status

Number of Times Issue is Subscribed (BSE + NSE)

As on Date &

Time

Qualified

Institutional

Buyers (QIBs)

Non

Institutional

Investors

Retail

Individual

Investors (RIIs)

Total

Day 1 - Feb 01,

2008 17:00 IST0.2665 0.0001 0.0028 0.1600

Day 2 - Feb 04,

2008 17:00 IST0.3870 0.0011 0.0161 0.2400

Day 3 - Feb 05,

2008 17:00 IST0.6481 0.0041 0.0513 0.4000

Day 4 - Feb 06,

2008 17:00 IST0.8737 0.9843 0.4143 0.7500

Day 5 - Feb 07,

2008 17:00 IST0.9923 0.9811 0.4693 0.8300

Day 6 - Feb 08,

2008 17:00 IST0.2924 0.7841 0.4698 0.3900



� Registrar of the Issue

Karvy Computershare Private Limited

� Book Running Lead Managers

1. Citigroup global markets Indian Private Limited

2. DSP Merill Lynch Limited

3. Enam Securities Private Limited4. Kotak Mahindra Capital Company Limited



REASONS FOR FAILURE

� Undersubscribed( 0.39 times)

� Liquidity Problems

� Financial Concerns

emaar mgf land limited

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