|
|
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.
| Mahanagar Gas IPO Date | Jun 21, 2016 to Jun 23, 2016 |
| Mahanagar Gas IPO Face Value | ₹10 per share |
| Mahanagar Gas IPO Price | ₹380 to ₹421 per share |
| Mahanagar Gas IPO Lot Size | 35 Shares |
| Issue Size | 24,694,500 shares of ₹10 (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 |
| Company Promoters | The promoters of the company are: |
The Mahanagar Gas IPO lot size is 35 shares. A retail-individual investor can apply for up to 13 lots (455 shares or ₹191,555).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 35 | ₹14,735 |
| Maximum | 13 | 455 | ₹191,555 |
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 Jun 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 | Friday, July 1, 2016 |
| BSE Script Code | 539957 |
| NSE Symbol | MGL |
| Listing In | B Group of Securities |
| ISIN | INE002S01010 |
| IPO Price | ₹421 per share |
| Face Value | ₹10 per share |
|
|
|
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/
| Review By | Subscribe | Neutral | Avoid |
|---|---|---|---|
| Brokers | 14 | 0 | 0 |
| Members | 0 | 0 | 0 |
IPO Broker Recommendations
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 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.
The Mahanagar Gas IPO opens on Jun 21, 2016 and closes on Jun 23, 2016.
Mahanagar Gas IPO lot size is 35 Shares and the minimum order quantity is .
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, Edelweiss, 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.
Useful Articles
|
|
IPO Guru (1600+ Posts, 3900+ Likes)
IPO Mentor (500+ Posts, 100+ Likes)
Net profit : 92 vs 84(qoq) vs 77(yoy)
Income : 530 vs 557(qoq) vs 562(yoy)
EPS : 9.39 8.56 7.88
...