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*Anchor bidding on one day prior to issue opening date i.e. is 20th June 2016 Monday.
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�� India Equity Research Reports, IPO and Stock News Visit http://indiaer.blogspot.com/ for complete details ��
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Company
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Mahanagar Gas Limited IPO
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Profile
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Mahanagar
Gas Limited is one of the largest city gas distribution (“CGD”)
companies in India. Company has more than 20 years of experience in
supplying natural gas in Mumbai and are 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. Company is promoted by GAIL and BGAPH,
each of who holds 49.75% of the Equity Shares. GAIL is a Maharatna
public sector undertaking and the largest natural gas transmission
company in India. BGAPH is headquartered in Singapore and is a part of
the BG Group, an international exploration and production and LNG
company.
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Offer Period
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Offer Opens : Tuesday, June 21, 2016
Offer Closes : Thursday, June 23, 2016
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Lead Manager
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Kotak / Citi
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Price Band
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Rs.380/- to Rs.421/- per equity share
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Bid Lot
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35 Equity share and multiple of 35 equity shares thereafter
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Prospectus Link:
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http://www.investmentbank.
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Issue Size overall
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Offer for sale 2,46,94,500 equity shares (equal sale by GAIL & British Gas {now Shell}) (Rs. 938.39 cr. @ lower price band & Rs.1039.64 cr. @ Upper price band)
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Employee Reservation :
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Upto 2,00,000 equity shares
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Employee Discount:
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Rs. 38/- per equity share only for Employee category.
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Face Value:
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Rs.10 each
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Net Offer:
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2,44,94,500 equity shares (Rs.930.79 crs @ lower price band & Rs.1031.22 crs @ upper price band)
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QIB (including Anchor)
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50% of the Offer (12247250 Equity shares) (Rs.465.40 crs @ lower price band & Rs.515.61 crs @ upper price band)
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NIB
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15% of the Offer (3674175 Equity shares) (Rs.139.62 crs @ lower price band & Rs.154.68 crs @ upper price band)
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Retail
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35% of the Offer (8573075 Equity shares) (Rs.325.78 crs @ lower price band & Rs.360.93 crs @ upper price band)
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Mode of Payment
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ASBA Mandatory (No Cheque will be accepted)
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Registrar
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Link Intime India Pvt. Ltd.
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Listing
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NSE and BSE
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