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
The promoters of the company are:
1. GAIL (India) Limited; and
2. BG Asia Pacific Holdings Pte. Limited
|
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.
| Issue Open | Jun 21, 2016 - Jun 23, 2016 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 24,694,500 Eq Shares of Rs 10 (aggregating up to Rs 1,039.64 Cr) |
| Offer for Sale | 24,694,500 Eq Shares of Rs 10 (aggregating up to Rs [.] Cr) |
| Face Value | Rs 10 Per Equity Share |
| Issue Price | Rs 380 - Rs 421 Per Equity Share |
| Market Lot | 35 Shares |
| Min Order Quantity | 35 Shares |
| Listing At | BSE, NSE |
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 |
| 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 |
|
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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
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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