| Company |
Mahanagar Gas Limited IPO
|
Profile
|
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.
|
Offer Period
|
Offer Opens :
Tuesday, June 21, 2016
Offer Closes :
Thursday, June 23, 2016
|
Lead Manager
|
Kotak / Citi
|
Price Band
|
Rs.380/- to Rs.421/- per equity share
|
Bid Lot
|
35 Equity share and multiple of 35 equity shares thereafter
|
Prospectus Link:
|
|
Issue Size
overall
|
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)
|
Employee Reservation :
|
Upto 2,00,000 equity shares
|
Employee Discount:
|
Rs. 38/- per equity share only for Employee category.
|
Face Value:
|
Rs.10 each
|
Net Offer:
|
2,44,94,500 equity shares (Rs.930.79 crs @ lower price band & Rs.1031.22 crs @ upper price band)
|
QIB (including Anchor)
|
50% of the Offer
(12247250 Equity shares) (Rs.465.40 crs @ lower price band & Rs.515.61 crs @ upper price band)
|
NIB
|
15% of the Offer
(3674175 Equity shares) (Rs.139.62 crs @ lower price band & Rs.154.68 crs @ upper price band)
|
Retail
|
35% of the Offer
(8573075 Equity shares) (Rs.325.78 crs @ lower price band & Rs.360.93 crs @ upper price band)
|
Mode of Payment
|
ASBA Mandatory (No Cheque will be accepted)
|
Registrar
|
Link Intime India Pvt. Ltd.
|
Listing
|
NSE and BSE
|
** Soft Copy of ASBA forms available via email send request to AlliesFin@gmail.com
