Emmar MGF IPO date extended to 11th Feb'08

Thebullishtrends: Emmar MGF IPO subscription dates extended from 6th Feb'08 to 11th Feb'08 due to the poor market conditions it got the consent from the market regulator. The entire IPO subscribed only 0.74 times till yesterday evening as the IPO supposed to closed yesterday itself. As per the SEBI regulations if the IPO has got the 90% of subscriptions then it will be considered fully subscribed. But Emmar MGF has failed to get atleast 90% of the subscriptions.