Bookbuilding FPO | ₹1,627 Cr | Listed at NSE, BSE | Fri, Feb 27, 2004 - Fri, Mar 5, 2004
Gail (India) IPO is a book build issue of ₹1,627.36 crores. The issue is entirely an offer for sale of 8.46 crore shares of ₹1,627.36 crore.
Gail (India) IPO bidding started from Feb 27, 2004 and ended on Mar 5, 2004. The shares got listed on NSE and BSE on Mar 25, 2004.
Gail (India) IPO is set final issue price at ₹195 per share.
The issue includes a reservation of up to 42,28,258 shares for employees offered at a discount of ₹9.75 to the issue price.
HSBC Securities & Capital Markets (India) Pvt.Ltd. is the book running lead manager and MCS Share Transfer Agent Ltd. is the registrar of the issue.
Refer to for detailed Information.
FPO Open
Fri, Feb 27, 2004
FPO Close
Fri, Mar 5, 2004
Issue Price
₹195 per share
Market Cap (Pre-IPO)
₹16,490.21 Cr
| IPO Date | 27 Feb to 5 Mar, 2004 |
| Listed on | Thu, Mar 25, 2004 |
| Face Value | ₹10 per share |
| Price Band | ₹195 to ₹195 |
| Issue Price | ₹195 per share |
| Lot Size | |
| Sale Type | OFS only |
| Issue Type | Bookbuilding FPO |
| Listing At | NSE, BSE |
| Retail Discount | Rs 9.75 per share |
| Employee Discount | ₹9.75 |
| Total Issue Size | 8,45,65,160 shares (agg. up to ₹1,627 Cr) |
| Offer for Sale | 8,45,65,160 shares of ₹10 (agg. up to ₹1,627 Cr) |
| Share Holding Pre Issue | 84,56,51,600 shares |
| Share Holding Post Issue | 84,56,51,600 shares |
| BSE Script Code / NSE Symbol | 532155 / GAIL |
| ISIN | INE129A01019 |
Gail (India) IPO comprises a total issue size of 8,45,65,160 shares. The net offer to the public is 8,03,36,902 shares, after excluding 42,28,258 shares under a preferential allotment. Of the Net offer 4,01,68,450 (50.00%) are allocated to QIB, 2,00,84,226 (25.00%) allocated to NII 2,00,84,226 (25.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 4,01,68,450 | 50.00% | 47.50% |
| NII (HNI) Shares Offered | 2,00,84,226 | 25.00% | 23.75% |
| Retail Shares Offered | 2,00,84,226 | 25.00% | 23.75% |
| Preferential Reservations | |||
| Employee Shares Offered | 42,28,258 | 5.00% | |
| Total Shares Offered | 8,45,65,160 | 100.00% | 100.00% |
| Category | Limit | Cut-off |
|---|---|---|
| RII | Up to ₹2 Lakhs | Yes |
| sNII | ₹2 Lakhs – ₹10 Lakhs | No |
| bNII | Above ₹10 Lakhs | No |
| Employee (EMP) | Up to ₹2 Lakhs | Yes |
| Employee + RII/NII | Up to ₹2Lakhs (EMP) + RII/NII limits | Yes (EMP/RII) |
Incorporated in 1984, GAIL (India) Limited is a natural gas transmission and distribution company engaged in the transportation, processing, and marketing of natural gas and liquefied petroleum gas (LPG) in India. The company operates one of the largest natural gas pipeline networks in the country, including the Hazira-Vijaipur-Jagdishpur (HVJ) pipeline and multiple regional gas pipeline networks across several states.
GAIL transports natural gas to fertilizer plants, power plants, industrial users, and city gas distribution companies. The company also operates LPG transmission pipelines and natural gas processing plants that produce LPG and other hydrocarbon products.
In addition to its gas transmission business, GAIL operates a petrochemical complex at Pata, Uttar Pradesh, manufacturing polyethylene products including high-density polyethylene (HDPE) and linear low-density polyethylene (LLDPE).
| Period Ended | 31 Dec 2003 | 31 Mar 2003 | 31 Mar 2002 |
|---|---|---|---|
| Assets | 8,784.30 | 6,955.70 | 6,966.30 |
| Total Income | 9,178.20 | 12,093.80 | 10,762.60 |
| Profit After Tax | 1,239.20 | 1,639.10 | 1,185.80 |
| NET Worth | 7,196.70 | 6,456.70 | 5,962.60 |
| Reserves and Surplus | 6,351.00 | 5,611.10 | 5,117.10 |
| Amount in ₹ Crore | |||
| KPI | Dec 31, 2003 | Mar 31, 2003 |
|---|---|---|
| RoNW | 27.21% | |
| Price to Book Value | 2.29 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 19.38 | 19.54 |
| P/E (x) | 10.06 | 9.98 |
| Promoter Holding | 67.35% | 57.35% |
| Market Cap | ₹16,490.21 Cr. |
The Gail (India) IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 6.71 | 8,45,65,160 | 56,73,18,330 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Brokerage, underwriting commission, fees payable to the BRLM, Syndicate Members, other advisors to the Offer, fees of Legal Advisors to the Offer and Auditors, stamp duty, printing, publication, advertising and distribution expenses, bank charges, depositories charges, fees payable to the Registrar to the Offer and other miscellaneous expenses | |
| Total | 0.00 |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
Lead Manager Reports
Gail (India) IPO is a main-board FPO of 8,45,65,160 equity shares of the face value of ₹10 aggregating up to ₹1,627 Crores. The issue is priced at ₹195 per share. The minimum order quantity is .
The FPO opens on Fri, Feb 27, 2004, and closes on Fri, Mar 5, 2004.
MCS Share Transfer Agent Ltd. is the registrar for the FPO. The shares are proposed to be listed on NSE, BSE.
Zerodha customers can apply online in Gail (India) IPO using UPI as a payment gateway. Zerodha customers can apply in Gail (India) IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Gail (India) IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Gail (India) IPO opens on Fri, Feb 27, 2004 and closes on Fri, Mar 5, 2004.
Gail (India) IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Gail (India) IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Gail (India) IPO will be done on Thursday, March 25, 2004, and the allotted shares will be credited to your demat account by . Check the Gail (India) IPO allotment status.
The Gail (India) IPO listing date is on .
