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Mahanagar Gas IPO is a book built issue of Rs 1,039.64 crores. The issue is entirely an offer for sale of 2.47 crore shares.
Mahanagar Gas IPO bidding started from June 21, 2016 and ended on June 23, 2016. The shares got listed on BSE, NSE on July 1, 2016.
Mahanagar Gas IPO price band is set at ₹380 to ₹421 per share. The minimum lot size for an application is 35 Shares. The minimum amount of investment required by retail investors is ₹14,735.
Citigroup Global Markets India Private Limited and Kotak Mahindra Capital Company Limited are the book running lead managers of the Mahanagar Gas IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Mahanagar Gas IPO DRHP for detailed information.
IPO Date | June 21, 2016 to June 23, 2016 |
Listing Date | July 1, 2016 |
Face Value | ₹10 per share |
Price Band | ₹380 to ₹421 per share |
Lot Size | 35 Shares |
Total Issue Size | 24,694,500 shares (aggregating up to ₹1,039.64 Cr) |
Offer for Sale | 24,694,500 shares of ₹10 (aggregating up to ₹[.] Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Mahanagar Gas IPO offers 17,346,150 shares. 4,898,900 (28.24%) to QIB, 3,674,175 (21.18%) to NII, 8,573,075 (49.42%) to RII, 200,000 (1.15%) to employees. 244,945 RIIs will receive minimum 35 shares and (sNII) and (bNII) will receive minimum 490 shares. (in case of oversubscription)
Investor Category | Shares Offered | Maximum Allottees |
---|---|---|
Anchor Investor Shares Offered | - | NA |
QIB Shares Offered | 4,898,900 (28.24%) | NA |
NII (HNI) Shares Offered | 3,674,175 (21.18%) | |
Retail Shares Offered | 8,573,075 (49.42%) | 244,945 |
Employee Shares Offered | 200,000 (1.15%) | NA |
Total Shares Offered | 17,346,150 (100%) |
Investors can bid for a minimum of 35 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 35 | ₹14,735 |
Retail (Max) | 13 | 455 | ₹191,555 |
Lot Size Calculator |
Incorporated in 1995, Mahanagar Gas Limited is a city gas distribution company. Information in this paragraph is copied from chittorgarh.com. Mahanagar Gas supply natural gas in Mumbai and its surrounding areas. Company is sole authorized distributor of compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai. CNG is used in motor vehicles and PNG for domestic household use as well as for commercial and industrial use.
Company supply CNG though its network of 180 CNG filling stations which includes stations owned and operated by the company, oil marketing companies and private parties. Content in this paragraph is copied from chittorgarh.com. CNG and PNG businesses accounted for 65.10% and 34.90%, respectively, of total gas sales revenue.
Company distribute natural gas through an extensive CGD network of pipelines, for which Mahanagar Gas have the exclusive authorization to lay, build, expand and operate the city gas distribution network. Company have a supply network of over 4,464 kms of pipelines.
Competitive Strengths:
1. Well positioned in Mumbai, one of the most populous cities in the world and second largest metropolitan city in India
2. Cost effective availability of domestic natural gas
3. Infrastructure exclusivity and established infrastructure network
4. Experience in successful development and operation of city gas distribution business.
5. Promoters with strong national and multinational experience
6. Strong financial performance with consistent growth and profitability
Particulars |
For the year/period ended (in Rs. Million) | ||||
31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | 31-Mar-12 | |
Total Liabilities | 23,562.96 | 21,655.85 | 19,743.01 | 17,829.70 | 15,462.72 |
Total Assets | 23,562.96 | 21,655.85 | 19,743.01 | 17,829.70 | 15,462.72 |
Total Revenue | 21,216.28 | 21,356.37 | 19,196.47 | 15,462.34 | 13,283.99 |
Profit After Tax (PAT) | 3,086.87 | 3,010.01 | 2,972.49 | 2,985.06 | 3,077.43 |
The objects of the Offer are:
1. to achieve the benefits of listing the Equity Shares on the Stock Exchanges and
2. to carry out the Offer for Sale
Note: Company will not receive any proceeds from the Offer and all proceeds from the Offer shall go to the Selling Shareholders.
[Dilip Davda] The Company is in virtual monopolistic business with steady growth and bright prospects ahead. It offers IPO at a justified pricing and thus is worth considering for medium to long term rewards. Read detail review...
The Mahanagar Gas IPO is subscribed 64.54 times on June 23, 2016 11:00:00 PM. The public issue subscribed 6.82 times in the retail category, 72.84 times in the QIB category, and 191.61 times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | Subscription (times) |
---|---|
QIB | 72.84 |
NII | 191.61 |
Retail | 6.82 |
Employee | 1.18 |
Total | 64.54 |
Listing Date | July 1, 2016 |
BSE Script Code | 539957 |
NSE Symbol | MGL |
ISIN | INE002S01010 |
Final Issue Price | ₹421 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE |
---|
₹421.00 |
₹540.00 |
₹517.80 |
₹549.15 |
₹519.90 |
NSE |
---|
₹421.00 |
₹540.00 |
₹518.00 |
₹548.95 |
₹520.30 |
Mahanagar Gas Limited
MGL House, G-33 Block,
Bandra-Kurla Complex,
Bandra (East), Mumbai - 400 051
Phone: +91 (22) 6695 2941
Email: mgl.ipo@mahanagargas.com
Website: http://www.mahanagargas.com
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: mgl.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Mahanagar Gas IPO is a main-board IPO of 24,694,500 equity shares of the face value of ₹10 aggregating up to ₹1,039.64 Crores. The issue is priced at ₹380 to ₹421 per share. The minimum order quantity is 35 Shares.
The IPO opens on June 21, 2016, and closes on June 23, 2016.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Mahanagar Gas IPO opens on June 21, 2016 and closes on June 23, 2016.
Mahanagar Gas IPO lot size is 35 Shares, and the minimum amount required is ₹14,735.
You can apply in Mahanagar Gas IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Mahanagar Gas IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Mahanagar Gas IPO allotment status.
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