Monday, June 20, 2016

Mahanagar Gas Limited IPO - Opportunity Awaits :

Mahanagar Gas Limited IPO
Offer Opens on
Tuesday, June 21, 2016
Offer Closes on
Thursday, June 23, 2016
Company Profile
Mahanagar Gas Limited is one of the largest city gas distribution (“CGD”) companies in India with more than 20 years of experience in supplying natural gas in Mumbai and is presently the sole authorised distributor of compressed natural gas ("CNG") and piped natural gas (“PNG”) in Mumbai, its Adjoining Areas and the Raigad district in the state of Maharashtra, India.
Investor Category Allocation
QIB: 50% of the Issue Size (1,23,47,250 Shares)
Non Institutional Bidders: 15% of the issue size (37,04,175 Shares)
Retail Individual Bidders: 35% of the issue size (24,69,450 Shares)
ISSUE STRUCTURE

Issuer
Mahanagar Gas Limited

Issue Type
100% Book Built Issue IPO

Issue Size (Rs):
Rs. 1200 Crores

Face Value:
Rs.10 per Equity Share

Price Band:
Rs.380 - Rs.421 per Equity Share

Minimum Order Quantity Retail:
35 Shares

Maximum Bid amount for Retail:
Rs. 2 Lakhs

Listing:
BSE, NSE

Mahanagar Gas Limited IPO Product Note

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