12 Jan 08 Emaar MGF IPO Price Band fixed
Emaar MGF IPO Price Band has been fixed at Rs. 725 to Rs. 850 per share as per reports. Emaar MGF IPO has received SEBI’s clearance earlier this week. After the Reliance Power IPO, Emaar MGF IPO is the next mega IPO that would be hitting the Indian stock markets. I doubt if there is enough liquidity in the system to absorb so many new meag IPO issues. Emaar MGF IPO will set the stage for other real estate IPO’s and hence this IPO will be closely watched. More details relating to the Emaar MGF IPO including the Emaar MGF IPO Subscription Dates will be updated here as soon as available.
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the emaar mgf ipo price band has been revised because of very poor subscription in all categories.the price band is now, rs 530/- to rs 630/- a reduction of more than 200 rupees. subscription is open till the 11 th of february.
their original intention of issuing 10.25 crore shares at a price band of 725 to 850 was outlandish to say the least.how could they even expect that the ipo would have got subscribed with their original price
this ipo is not good for retail investors who want to generate short term profits. dont apply