Dream Come True for Investors- Promises Emaar MGF

Emaar MGF’s issue have received a mix bag of response from the experts, with some saying avoid others recommend it as a good investment option. The company was forced to revise downwards the price band from earlier Rs 610-690 to Rs 540-630.

Emaar MGf, one of the leading names in Real Estate have a market capitalization of Rs 62114 crore on upper band of Rs 630 ranks second only to DLF Ltd in realty pack. The company is getting into the capital market through its public issue, which opened on February 1 and closes on February 6, 2008.

Emaar MGF is a joint venture between Emaar Properties PJSC of Dubai and MGF Development of India. The company has land reserve in 26 locations across India, measuring more than 13000 acres. Apart from residential, commercial, retail and hospitality sector, the company is eyeing SEZ, healthcare, education and infrastructure as key drivers for its growth.

Emaar MGF has received an IPO grading of 4/5 by the rating agency, Credit Analysis and Research Limited (”CARE”), which reflects ‘above average’ fundamentals of the company.

News Published Under:   Real Estate Developers |

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