Emaar MGF IPO Subscription revoked

Date February 9, 2008

Emaar MGF IPO Subscription has also been revoked just a day after Wockhardt Hospitals IPO fell victim to the global econmomic slowdown. Emaar MGF Land IPO was given a go ahead by most analysts. Almost all the big name investment banks were involved in this IPO. Marketing was very aggressive too with the company sponsoring a cricket series in the recent past. But all this failed to ensure the success of the Emaar MGF IPO. The failure of the Emaar MGF Land IPO comes as a major blow to the IPO market since most real estate IPO’s slated to hit the markets will now prefer to postpone their subscription dates. Emaar MGF IPO Refund will be made within a period of 15 days.

Category Posted in IPO India