Mahanager Gas IPO Lisiting
Source: http://www.moneycontrol.com/news/ipo-new-listings/stellar-debut-mahanagar-gas-lists-at-540share28issue-price_6963721.html
Mahanagar Gas lists at 540/share, up 28% from issue price It has a city gas infrastructure network of 188 CNG filling stations with a compression capacity of 3.1 million kg/day in FY16, providing CNG to over 0.47 million vehicles.
Mahanagar Gas is listed on the exchanges at Rs 540 per share, up 28 percent from its issue price of Rs 421 per share. The country's second largest CNG retailer had raised Rs 1040 crore through its IPO with price band at Rs 380-421. The initial share sale of Mahanagar Gas was oversubscribed 64.54 times last week. The IPO was open for subscription between June 21-23. Mahanagar Gas, promoted by state-run GAIL and British Gas Asia Pacific Holdings, made an offer for sale of up to 24,694,500 equity shares of Rs 10 each. The money raised through the IPO would accrue to the promoters who are selling their stake. Mahanagar Gas, a major distributor of compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai and adjoining areas, receives gas at its stations located at Wadala, Mahape, Ambernath and Taloja through pipelines owned by GAIL. It has a city gas infrastructure network of 188 CNG filling stations with a compression capacity of 3.1 million kg/day in FY16, providing CNG to over 0.47 million vehicles. The company supplied PNG to 9 lakh domestic customers, 2866 commercial and 60 industrial customers in FY16, through an integrated pipeline network of over 4686 km that includes 415 km of steel and 4231 of polyethylene pipeline. It has exclusive gas distribution rights in Mumbai till 2020,adjoining areas of Thane & Navi Mumbai till 2030 and Raigad district till 2040. MGL’s sales volume and revenue grew at the CAGR of 5.7 percent and 12.3 percent, respectively over FY12-FY16.
Read more at: http://www.moneycontrol.com/news/ipo-new-listings/stellar-debut-mahanagar-gas-lists-at-540share28issue-price_6963721.html?utm_source=ref_article
Mahanagar Gas lists at 540/share, up 28% from issue price It has a city gas infrastructure network of 188 CNG filling stations with a compression capacity of 3.1 million kg/day in FY16, providing CNG to over 0.47 million vehicles. Mahanagar Gas is listed on the exchanges at Rs 540 per share, up 28 percent from its issue price of Rs 421 per share. The country's second largest CNG retailer had raised Rs 1040 crore through its IPO with price band at Rs 380-421. The initial share sale of Mahanagar Gas was oversubscribed 64.54 times last week. The IPO was open for subscription between June 21-23. Mahanagar Gas, promoted by state-run GAIL and British Gas Asia Pacific Holdings, made an offer for sale of up to 24,694,500 equity shares of Rs 10 each. The money raised through the IPO would accrue to the promoters who are selling their stake. Mahanagar Gas, a major distributor of compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai and adjoining areas, receives gas at its stations located at Wadala, Mahape, Ambernath and Taloja through pipelines owned by GAIL. It has a city gas infrastructure network of 188 CNG filling stations with a compression capacity of 3.1 million kg/day in FY16, providing CNG to over 0.47 million vehicles. The company supplied PNG to 9 lakh domestic customers, 2866 commercial and 60 industrial customers in FY16, through an integrated pipeline network of over 4686 km that includes 415 km of steel and 4231 of polyethylene pipeline. It has exclusive gas distribution rights in Mumbai till 2020,adjoining areas of Thane & Navi Mumbai till 2030 and Raigad district till 2040. MGL’s sales volume and revenue grew at the CAGR of 5.7 percent and 12.3 percent, respectively over FY12-FY16.
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http://www.moneycontrol.com/news/ipo-new-listings/stellar-debut-mahanagar-gas-lists-at-540share28issue-price_6963721.html?utm_source=ref_articleMahanagar Gas lists at 540/share, up 28% from issue price It has a city gas infrastructure network of 188 CNG filling stations with a compression capacity of 3.1 million kg/day in FY16, providing CNG to over 0.47 million vehicles. Mahanagar Gas is listed on the exchanges at Rs 540 per share, up 28 percent from its issue price of Rs 421 per share. The country's second largest CNG retailer had raised Rs 1040 crore through its IPO with price band at Rs 380-421. The initial share sale of Mahanagar Gas was oversubscribed 64.54 times last week. The IPO was open for subscription between June 21-23. Mahanagar Gas, promoted by state-run GAIL and British Gas Asia Pacific Holdings, made an offer for sale of up to 24,694,500 equity shares of Rs 10 each. The money raised through the IPO would accrue to the promoters who are selling their stake. Mahanagar Gas, a major distributor of compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai and adjoining areas, receives gas at its stations located at Wadala, Mahape, Ambernath and Taloja through pipelines owned by GAIL. It has a city gas infrastructure network of 188 CNG filling stations with a compression capacity of 3.1 million kg/day in FY16, providing CNG to over 0.47 million vehicles. The company supplied PNG to 9 lakh domestic customers, 2866 commercial and 60 industrial customers in FY16, through an integrated pipeline network of over 4686 km that includes 415 km of steel and 4231 of polyethylene pipeline. It has exclusive gas distribution rights in Mumbai till 2020,adjoining areas of Thane & Navi Mumbai till 2030 and Raigad district till 2040. MGL’s sales volume and revenue grew at the CAGR of 5.7 percent and 12.3 percent, respectively over FY12-FY16.
Read more at:
http://www.moneycontrol.com/news/ipo-new-listings/stellar-debut-mahanagar-gas-lists-at-540share28issue-price_6963721.html?utm_source=ref_article
