Emaar MGF IPO Price band Also Reduced
Emaar MGF Land, a joint venture between one of the world’s leading real estate companies, Emaar Properties PJSC of Dubai, and MGF Development Limited of India, has re-fixed the price band to between Rs 540 and Rs 630 per equity share of Rs 10 each from the earlier price band of between Rs 610 to Rs 690 per equity share for its Initial Public Offering [IPO].
The price band has been re-fixed considering the prevailing market sentiments and the developments in the financial markets in India and globally. This is the second IPO which has reduced the IPO price band after Wockhardt Hospitals IPO reduced the price band to Rs 225-260.
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Comments
[...] global markets, which impacted Indian markets as well. The first price band was Rs 610-690 which Emaar MGF reduced first price band to Rs 540-630. I am not sure even after revising the lower band, how much difference it will make, [...]
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Eric Hundin