Emaar MGF Land Limited IPO

Emaar MGF Land Limited IPO
Period	01-Feb to 06-Feb 2008 (Extended to 11 Feb)
Size (Equity Shares)	117,389,914
Type	100% Book Building
Face Value	Rs. 10-
Price Range	Rs 610 to Rs 690 (Reduced to Rs. 530-630)
Market Lot	Shares
Max shares Retails investor can apply at cut off	shares (Rs.)
Registrar	Karvy Computershare Private Limited
Registrar's email	einward.ris@karvy.com
Lead Manager	Enam, DSP, Citigroup, Goldman, HSBC, J.P. Morgan & Kotak
Listing	BSE, NSE
Grading
Emaar MGF Land Ltd (Emaar) is a joint venture between Emaar Properties PJSC ("Emaar") of Dubai and MGF Development Limited ("MGF") of India. Business: 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; 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).
- Part payment towards acquisition of land and land development rights and related approvals for ongoing and planned projects; - Development and construction costs for the project palm drive; - Repayment of loans; - To meet the expenses of the Issue; - For General Corporate Purpose;