|Issue Date||21/06 - 23/06|
|Issue Size||₹1,039.64 Cr|
|Issue Price||₹380 - 421|
|Market Lot||35 Shares|
|Shares on Offer||24,694,500|
|GMP||₹108 - 110|
|Kostak||₹1050 - 1100|
|Subject to Sauda||N/A|
Mahanagar Gas Limited (MGL) is one of India's leading Natural Gas Distribution Companies. Established on 8th May, 1995, MGL is a joint venture between GAIL (India) Ltd and BGAPH (a subsidiary of Royal Dutch Shell Plc)
MGL has all the resources and competencies required from concept to commissioning of gas distribution networks available in-house. The entire business in MGL has been integrated through ERP-SAP system. MGL has got a track record of almost 100% reliability in its gas supply. During the devastating floods of Mumbai in July 2005, when most other utilities failed, MGL's gas supply continued uninterrupted.
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.
Please refer to https://www.mahanagargas.com for details.
|Total Assets (In ₹ Millions)||23,562.96||21,655.85||19,743.01||17,829.70||15,462.72|
|Total Revenue (In ₹ Millions)||21,216.28||21,356.37||19,196.47||15,462.34||13,283.99|
|Profit After Tax (PAT) (In ₹ Millions)||3,086.87||3,010.01||2,972.49||2,985.06||3,077.43|
|Date & Time||QIB||NII||RII||Total|
|Day 1 - Jun 21,2016||1.82||0.23||1.09||1.10|
|Day 2 - Jun 22,2016||6.44||2.39||3.23||3.92|
|Day 3 - Jun 23,2016||72.84||191.61||6.82||64.54|
Please click the link below to check the IPO allotment status.IPO Allotment Status
Mahanagar Gas Limited IPO IPO will open on 21/06 and close on 23/06.
Mahanagar Gas Limited IPO IPO will list on 01-Jul.
The offer price of Mahanagar Gas Limited IPO IPO is ₹380 - 421.
The lot size of Mahanagar Gas Limited IPO IPO is 35.
The Grey Market Premium (GMP) price of Mahanagar Gas Limited IPO IPO is ₹108 - 110.
The Kostak price of Mahanagar Gas Limited IPO IPO is ₹1050 - 1100.
The Subject to Sauda price for Mahanagar Gas Limited IPO IPO is Not Available at the moment.
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