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 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;

Emaar MGF Land Limited IPO Information

»» Public Issue Open: February 04, 2008 to February 07, 2008
»» Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO)
»» Public Issue Size: 117,389,914 Equity Shares of Rs. 10/-
»» Face Value: Rs. 10/-
»» Public Issue Price: Rs. 725/- to Rs. 850/- Per Equity Share
»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-
»» Listing: BSE, NSE
»» Lead Manager:Enam, DSP, Citigroup, Goldman, HSBC, J.P. Morgan & Kotak
»» Registrar: Karvy Computershare Private Limited (Ph: +91-40-2342 0815 Email: einward.ris@karvy.com)