Mahanagar Gas Limited IPO
Mahanagar Gas Limited was a mainboard IPO in the LPG/CNG/PNG/LNG Supplier sector, offered at ₹380–₹421 per share to raise ₹1,040 crore. The issue was subscribed 64.54× overall (QIBs 72.83×, NIIs 191.61×, retail 6.82×). It listed on 1 Jul 2016 at ₹540 and closed its first day at ₹520, a listing gain of +23.6% versus the ₹421 issue price. It now trades around ₹1,048 (+149.1% versus the issue price).
Frequently asked questions
- How many times was the Mahanagar Gas Limited IPO subscribed?
- The Mahanagar Gas Limited IPO was subscribed 64.54× overall — 72.83× in the QIB category, 191.61× among non-institutional investors, 6.82× in retail.
- What were the Mahanagar Gas Limited IPO listing gains?
- Mahanagar Gas Limited listed on 1 Jul 2016 at ₹540, closing its first day at ₹520 — a listing gain of +23.6% versus the ₹421 issue price.
- What were the retail allotment odds for the Mahanagar Gas Limited IPO?
- Retail was subscribed 6.82×, so a single-lot application had roughly a 14.7% chance of allotment (about 1 in 7), and allotment was finalised on 27 Jun 2016.
- What was the price band and lot size of the Mahanagar Gas Limited IPO?
- The price band was ₹380–₹421 per share, with a minimum lot of 35 shares (₹14,735 at the upper band).
- Who were the registrar and lead manager for the Mahanagar Gas Limited IPO?
- Link Intime India Private Limited was the registrar to the issue.