Mahanagar Gas Limited IPO (Mahanagar Gas IPO)
Detail
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.
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
Issue Detail:
»» Issue Open: Jun
21, 2016 - Jun 23, 2016
»» Issue Type:
Book Built Issue IPO
»» Issue Size: 24,694,500 Equity Shares of Rs 10
aggregating up to Rs 1,039.64 Cr
› Offer for Sale of 24,694,500 Equity Shares
of Rs 10 aggregating up to Rs [.] Cr
»» Face Value: Rs
10 Per Equity Share
»» Issue Price: Rs.
380 - Rs. 421 Per Equity Share
»» Market Lot: 35
Shares
»» Minimum Order Quantity: 35
Shares
»» Listing At:
BSE, NSE
More Will Update Soon!
