EMAAR MGF LAND LIMITED

IPO
• 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).
 Objects of the Issue

• 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 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; 

 Issue Detail

•   »»  Issue Open: Feb 01, 2008 - Feb 11, 2008 

  »»  Issue Type: 100% Book Built Issue IPO 
  »»  Issue Size: 102,570,623 Equity Shares of Rs. 10 
  »»  Issue Size: Rs. 5,436.24 - 6,461.95 Crore 
  »»  Face Value: Rs. 10 Per Equity Share 
  »»  Issue Price: Rs. 530 - Rs. 630 Per Equity Share 
  »»  Market Lot: 10 Shares 
  »»  Minimum Order Quantity: 10 Shares 
  »»  Listing At: BSE, NSE

• IPO Rating: 3.5

 Bidding Status
Number of Times Issue is Subscribed (BSE + NSE)
Qualified Non Retail
As on Date &
Institutional Institutional Individual Total
Time
Buyers (QIBs) Investors Investors (RIIs)

 Day 1 - Feb 01,

 0.2665   0.0001   0.0028   0.1600 
2008 17:00 IST

 Day 2 - Feb 04,

 0.3870   0.0011   0.0161   0.2400 
2008 17:00 IST

 Day 3 - Feb 05,

 0.6481   0.0041   0.0513   0.4000 
2008 17:00 IST

 Day 4 - Feb 06,

 0.8737   0.9843   0.4143   0.7500 
2008 17:00 IST

 Day 5 - Feb 07,

 0.9923   0.9811   0.4693   0.8300 
2008 17:00 IST

 Day 6 - Feb 08,

 0.2924   0.7841   0.4698   0.3900
2008 17:00 IST
• 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 Limited
4. Kotak Mahindra Capital Company Limited
   
  
 REASONS FOR FAILURE
• Undersubscribed( 0.39 times)

• Liquidity Problems

• Financial Concerns