Emaar MGF has withdrawn its IPO, Refund in 10-15 days
Emaar MGF has withdrawn its IPO after poor response from the investors. They will refund IPO money in the next 10-15 days. The company will consider other funding options like private placement, PE at SPV level.
As per the Emaar MGF management, Low debt-equity ratio is an advantage for the company and IPO withdrawal is not going to impact company’s projects. ‘Enough funding’ is available with the company.
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Comments
[...] is the fourth victim of bad market conditions. Biggest and well known brands in markets like Emaar MGF and Wockhardt Hospitals have already withdrawn their public offers in last week despite lowering [...]
I applied on Feb 7. today is 24 and I am yet to received refund. Seems another FRAUD on the block.
It is strage the GOI and SEBI gives permission to such cheats to go for IPO.
i have yet not received my refund for EMAR OGF IPO, 15 days are over. when will our money will get refunded????
I have also not received refund of emaar MGF. can any one know, email id of karvy or who ever was responsible for this IPO?
[...] Emaar MGF, Wockhardt Hospitals and Globus Spirtis withdrawal of IPOs, SVEC Constructions also has withdrawn [...]