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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

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

Mahanagar Gas IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum135₹14,735
Maximum13455₹191,555

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 DateFriday, July 1, 2016
BSE Script Code539957
NSE SymbolMGL
Listing InB
ISININE002S01010
IPO Price₹421 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

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

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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

Mahanagar Gas IPO FAQs

  1. 1. What is Mahanagar Gas IPO?

    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 price of the IPO is ₹380 to ₹421 Per Equity Share. The minimum order quantity is 35 Shares per application and the offer type is Book Built Issue.

    The IPO opens on Jun 21, 2016 and closes on Jun 23, 2016.

    Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

  2. 2. When Mahanagar Gas IPO will open?

    The Mahanagar Gas IPO opens on Jun 21, 2016 and closes on Jun 23, 2016.

  3. 3. How to apply for Mahanagar Gas IPO?

    Mahanagar Gas IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Mahanagar Gas IPO allotment?

    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.

  5. 5. When is Mahanagar Gas IPO listing date?

    The Mahanagar Gas IPO listing date is on Friday, July 1, 2016, at BSE, NSE.
  6. 6. What is the lot size of Mahanagar Gas IPO?

    Mahanagar Gas IPO lot size is 35 Shares and the minimum order quantity is 35 Shares.

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Mahanagar Gas IPO Review / Comments

gamble
1292. gamble  Sep 1, 2016 22:25
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
...
gamble
1291. gamble  Aug 30, 2016 12:32
IPO Guru IPO Guru (1600+ Posts, 3900+ Likes)
Sold out mgl,tata motors and taken position in wipro,LTI,hcl.
IPO Riders
1290. IPO Riders  Aug 27, 2016 03:35
Now what is next target of MGL ? Khemkaji

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

Please reply
Khemka
1290.1. Khemka  Aug 27, 2016 09:33
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
650 by October although one can exit mgl near 620 soon
gamble
1289. gamble  Aug 22, 2016 21:53
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.
PKK
1288. PKK  Aug 22, 2016 15:19
The dividend is subject to the approval of Share Holders in the AGM
Rs.17.50 (including Rs.7.50 as special dividend)
PKK
1287. PKK  Aug 22, 2016 14:53
GOOD NEWS
MGL DECLARED DIVIDEND OF Rs. 17.50
A SHARE
Patel Piyush
1286. Patel Piyush  Aug 18, 2016 20:56
I hold 35 MGL Share
CLD
1286.1. CLD  Aug 18, 2016 21:12
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.
Ipo tracker
1286.2. Ipo tracker  Aug 18, 2016 22:05
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.
Patel Piyush
1285. Patel Piyush  Aug 18, 2016 20:55
Koi batayega MGL ka target kya hai?
Purshotam Agarwal
1284. Purshotam Agarwal  Aug 17, 2016 17:52
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.
gururaj desai
1283. gururaj desai  Aug 17, 2016 17:39
Whether MGL shares are cumdividend?if so,what is record date & dividend per share?
Ankit Ojhaa
1282. Ankit Ojhaa  Aug 9, 2016 14:53
Just sold now allotment shares @ 547. Freeeeeeeeee
ddma
1281. ddma  Aug 5, 2016 16:55
Tum sab beach do panoti jani ki baad hi koi chij chalti hi
Nobil
1281.1. Nobil  Aug 8, 2016 21:52
Hehehe true now I think panoti''s are golne it has started moving up .

Currently Market price is 530 agd is going up 👍
Rajkot Special
1280. Rajkot Special  Jul 29, 2016 14:23
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
Nobil
1280.2. Nobil  Jul 29, 2016 20:58
Sachi vat che rajkot vala bhai

Pan haji 500 niche jai to pachi recovery avij jai che
gamble
1280.3. gamble  Aug 1, 2016 11:32
IPO Guru IPO Guru (1600+ Posts, 3900+ Likes)
Ane have to block deal pn chalu thai gyi 6...chalvo j joie....:)
shubham bansal
1279. shubham bansal  Jul 29, 2016 10:06
Result date kab h. ND isne koi dividend diya h kya
Rajkot Special
1278. Rajkot Special  Jul 28, 2016 11:17
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
Nobil
1278.1. Nobil  Jul 28, 2016 18:01
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.
Vivek Damani
1277. Vivek Damani  Jul 27, 2016 11:06
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.
Raynmaker
1277.1. Raynmaker  Aug 5, 2016 19:59
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
AHMEDABAD SMART IPO
1276. AHMEDABAD SMART IPO  Jul 24, 2016 00:11
sell this stock, no hope for future......... money transfer in thyrocare technologies or l and t infotech
NarendraRajkot
1275. NarendraRajkot  Jul 22, 2016 22:49
Hi eagleye and septa sir will u pls suggest wht to do in MGL. hold or sell i have 115 at issue price
Pranay Mehta
1274. Pranay Mehta  Jul 19, 2016 01:14
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???
ddma
1273. ddma  Jul 16, 2016 16:18
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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