Tuesday, February 5, 2008

Emmar MGF IPO - Subscription Status

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As of today, Emmar MGF has withdrawn its IPO due to poor response from investors!!

Emmar MGF IPO has not good response from investors yet. The IPO is yet to be fully subscribed even after lowering the price band. The price band of the issue is Rs. 530 to Rs. 630. The issue will now close on February 11, 2008.

At the end of day of 7th February, 2008:
QII segment has been subscribed 0.99 times
NII segment has been subscribed 0.98 times
Retail segment has been subscribed 0.47 times

Considering by the response, the bids are expected to be at the lower end of the band.

Watch out this blog for updated status!!!
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