Issue Period: Feb 01 to Feb 06
Price Range: Rs.540 to Rs.630
Minimum Mkt Lot: 10 shares
Issue Size: Rs.5540 cr to Rs.6460 cr
Recommendation: Subscribe (High Risk Investors)
Grade: Good (For Long-term)
Expected Range of Listing Price: 595-685
Chances of winning Allotment: Strong (in Retail category)
Sector: Real-estate
Recommendation:
They have many projects in hand but most of them are on foundation stage, so most of them will take time to complete it .
The issue is quite expensive priced vis-a-vis with market leaders like DLF and Unitech. But looking at the strong Parentage support of internationally acclaimed company Emaar & domestic expertise of MGF; we recommend High-Risk investors to subscribe to this IPO with Long-term horizon.
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