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Mahanagar Gas Limited IPO (Mahanagar Gas IPO) Detail

Jun 21, 2016 - Jun 23, 2016

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

Company Promoters:

The promoters of the company are:
1. GAIL (India) Limited; and
2. BG Asia Pacific Holdings Pte. Limited

Company Financials:

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

Objects of the Issue:

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.

Mahanagar Gas IPO Details

Issue OpenJun 21, 2016 - Jun 23, 2016
Issue TypeBook Built Issue IPO
Issue Size24,694,500 Eq Shares of Rs 10
(aggregating up to Rs 1,039.64 Cr)
Offer for Sale24,694,500 Eq Shares of Rs 10
(aggregating up to Rs [.] Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 380 - Rs 421 Per Equity Share
Market Lot35 Shares
Min Order Quantity35 Shares
Listing AtBSE, NSE

Mahanagar Gas IPO Subscription Status (Bidding Detail)

Mahanagar Gas IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Employee

Total

Shares Offered

4,898,900

3,674,175

8,573,075

200,000

17,346,150

Jun 23, 2016 23:00

72.84x

191.61x

6.82x

1.18x

64.54x

Mahanagar Gas IPO Prospectus

Mahanagar Gas IPO Rating

1120
4.0
Rating:Rated 4.0 stars

Vote Here ...

Mahanagar Gas IPO Listing Date

  •   ›  Listing Date: Friday, July 1, 2016
  •   ›  BSE Script Code: 539957
  •   ›  NSE Symbol: MGL
  •   ›  Listing In: B
  •   ›  ISIN: INE002S01010
  •   ›  Issue Price: Rs 421 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
BSE
Rs 421.00
Rs 540.00
Rs 517.80
Rs 549.15
Rs 519.90
3,811,431
NSE
Rs 421.00
Rs 540.00
Rs 518.00
Rs 548.95
Rs 520.30
20,001,438

Mahanagar Gas IPO Reviews / Ratings

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Company Contact Information

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

Mahanagar Gas IPO Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: mgl.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

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Mahanagar Gas IPO Review / Comments

avatar
1292. gamble  Sep 1, 2016 22:25 I Like It. | Report Abuse
IPO Guru IPO Guru (1600+ Posts, 3900+ Likes)
Mgl results :

Net profit : 92 vs 84(qoq) vs 77(yoy)
Income : 530 vs 557(qoq) vs 562(yoy)
EPS : 9.39 8.56 7.88
...
avatar
1291. gamble  Aug 30, 2016 12:32 I Like It. | Report Abuse
IPO Guru IPO Guru (1600+ Posts, 3900+ Likes)
Sold out mgl,tata motors and taken position in wipro,LTI,hcl.
avatar
1290. IPO Riders  Aug 27, 2016 03:35 I Like It. | Report Abuse
Now what is next target of MGL ? Khemkaji

Will it deliver good results like IGL or fall on results?

Please reply
avatar
1290.1. Khemka  Aug 27, 2016 09:33 I Like It. | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
650 by October although one can exit mgl near 620 soon
avatar
1289. gamble  Aug 22, 2016 21:53 I Like It. | Report Abuse
IPO Guru IPO Guru (1600+ Posts, 3900+ Likes)
It seems expectation on mgl gonna b high..!!



Indraprastha Gas Ltd, the sole retailer of CNG in national capital region, today reported a 44 percent jump in its June quarter net profit on rise in gas sales and lower interest cost.

Net profit in April-June at Rs 147.72 crore, or Rs 10.57 a share, was higher than Rs 102.32 crore, or Rs 7.32 per share, in the same period a year ago, the company said in a statement here.
avatar
1288. PKK  Aug 22, 2016 15:19 I Like It. | Report Abuse
The dividend is subject to the approval of Share Holders in the AGM
Rs.17.50 (including Rs.7.50 as special dividend)
avatar
1287. PKK  Aug 22, 2016 14:53 I Like It. | Report Abuse
GOOD NEWS
MGL DECLARED DIVIDEND OF Rs. 17.50
A SHARE
avatar
1286. Patel Piyush  Aug 18, 2016 20:56 I Like It. | Report Abuse
I hold 35 MGL Share
avatar
1286.1. CLD  Aug 18, 2016 21:12 I Like It. | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
MGL has gained good amount & will not rise unlimited. It is better to sell & again enter when it falls.
avatar
1286.2. Ipo tracker  Aug 18, 2016 22:05 I Like It. | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
Mgl has declared a dividend of rs 17.50, for FY16. , but record date is not updated in the exchange''s site. Perhaps the reason why stock rallied.
avatar
1285. Patel Piyush  Aug 18, 2016 20:55 I Like It. | Report Abuse
Koi batayega MGL ka target kya hai?
avatar
1284. Purshotam Agarwal  Aug 17, 2016 17:52 I Like It. | Report Abuse
Ms Eagleye
Can you let me know whether one will get dividend for F16 for shares allotted in IPO, if yes how can we confirm that.
avatar
1283. gururaj desai  Aug 17, 2016 17:39 I Like It. | Report Abuse
Whether MGL shares are cumdividend?if so,what is record date & dividend per share?
avatar
1282. Ankit Ojhaa  Aug 9, 2016 14:53 I Like It. | Report Abuse
Just sold now allotment shares @ 547. Freeeeeeeeee
avatar
1281. ddma  Aug 5, 2016 16:55 I Like It. | Report Abuse
Tum sab beach do panoti jani ki baad hi koi chij chalti hi
avatar
1281.1. Nobil  Aug 8, 2016 21:52 I Like It. | Report Abuse
Hehehe true now I think panoti''s are golne it has started moving up .

Currently Market price is 530 agd is going up 👍
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1280. Rajkot Special  Jul 29, 2016 14:23 I Like It. | Report Abuse
IGL 52 WEEK HIGH

GUJARAT GAS UP

BUT

MGL NE KOINI NAJAR LAGI GAI CHHE

DIVIDEND PAN Rs.17.50 AAPE CHHE

PAN CHALTO J NATHI
avatar
1280.2. Nobil  Jul 29, 2016 20:58 I Like It. | Report Abuse
Sachi vat che rajkot vala bhai

Pan haji 500 niche jai to pachi recovery avij jai che
avatar
1280.3. gamble  Aug 1, 2016 11:32 I Like It. | Report Abuse
IPO Guru IPO Guru (1600+ Posts, 3900+ Likes)
Ane have to block deal pn chalu thai gyi 6...chalvo j joie....:)
avatar
1279. shubham bansal  Jul 29, 2016 10:06 I Like It. | Report Abuse
Result date kab h. ND isne koi dividend diya h kya
avatar
1278. Rajkot Special  Jul 28, 2016 11:17 I Like It. | Report Abuse
Today
IGL up 4% near 52 week high
GUJARAT GAS UP4% near 52 week high
But
MGL not moved
Very unlucky script
Sell this stock @ 500
avatar
1278.1. Nobil  Jul 28, 2016 18:01 I Like It. | Report Abuse
Tame vachi naikho Special ji

Jo share hoi to and lava hoi no 500 niche hata tyare lai lavani jarur hati.

Have jani pase che e no cache.
avatar
1277. Vivek Damani  Jul 27, 2016 11:06 I Like It. | Report Abuse
A lot of you are getting anxious on why this stock is not moving, well here is my take. We all know how markets behave, there are people selling and people buying which keeps the stock prices changing. If this is not happening, it means it`s not natural and can only be due to design. This scrip is superb. The company has monopoly, and therefore many funds and brokerages want to buy. Still a lot of retail investors holding this stock. The best way to shake out the retail investor is to keep the price unmoving. Creates frustration and people dump stocks and someone buys it at 500. Once the target retail stock is out, the price will move up again and the same brokers will be selling you this at 600, and you will be dying to buy it thinking you missed an opportunity. So have patience and hold on. If you sell, only one who holds on will benefit.
avatar
1277.1. Raynmaker  Aug 5, 2016 19:59 I Like It. | Report Abuse
Vivek Ramani,
You copied my message from money control and posted it here. Thanks for making my words reach so many people on this forum. Next time please don''t hesitate to mention original author''s name.
Raynmaker
avatar
1276. AHMEDABAD SMART IPO  Jul 24, 2016 00:11 I Like It. | Report Abuse
sell this stock, no hope for future......... money transfer in thyrocare technologies or l and t infotech
avatar
1275. NarendraRajkot  Jul 22, 2016 22:49 I Like It. | Report Abuse
Hi eagleye and septa sir will u pls suggest wht to do in MGL. hold or sell i have 115 at issue price
avatar
1274. Pranay Mehta  Jul 19, 2016 01:14 I Like It. | Report Abuse
I was alloted 1 application and not sold yet ao please should i kept or sold in short term. Please help me septa ji and eagle eye ji???
avatar
1273. ddma  Jul 16, 2016 16:18 I Like It. | Report Abuse
Abhi to mood bana hi nahi hi jab mood ban jayiga sabko dikha dega kisme kitna hi dam so dont worry investers



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