Thursday, June 30, 2016

Mahanagar Gas IPO to list on July 1st

Mahanagar Gas IPO Listing Date & Info


Listing Date: Friday, July 1, 2016
BSE Script Code: 539957
NSE Symbol: MGL
Listing In: 'B'Group of Securities
ISIN: INE002S01010
Issue Price: Rs. 421.00 Per Equity Share
Face Value: Rs. 10.00 Per Equity Share


Mahanagar Gas Ltd IPO subscribed 64.54 times (6.82 times in retail). Public Issue of Mahanagar Gas was closed for subscription on Jun 23, 2016.

Mahanagar Gas IPO Allotment Status

Mahanagar Gas IPO allotment status is now available online.

Mahanagar Gas Limited is a city gas distribution company. 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.

The Initial Public Offer of Mahanagar Gas subscribed 64.54 times (6.82 times in retail). Public Issue of Mahanagar Gas was closed for subscription on Jun 23, 2016.

Listing date of Mahanagar Gas IPO will be available soon.

Wednesday, June 29, 2016

L&T Infotech IPO offers Rs 10 discount to retail investors

L&T Infotech Ltd is entering in the capital markets with an initial public offering (IPO) to carry out the sale of up to 17,500,000 equity shares by the selling shareholder (L&T Limited). The price band for the issue has been fixed at Rs 705 at lower level and Rs 710 at upper level. L&T Infotech offers discount of Rs 10 to all eligible retail individual bidders.



Incorporated in 1996, Larsen & Toubro Infotech, a subsidiary of Larsen & Toubro Ltd is Mumbai, India based IT Solutions & Services Company. L&T Infotech is ranked 6th largest IT company in India in terms of export revenues and among top 20 IT service provider in the world.



The issue opens on Jul 11, 2016 and closes for subscription on Jul 13, 2016. The equity shares of the issue are proposed to be list on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Saturday, June 25, 2016

Zeal Aqua IPO to open on Jun 27th

Zeal Aqua Ltd is an aquaculture company mainly engaged in farming and producing of shrimps. The company provides white shrimps and tiger shrimps, as well as deals in shrimp seeds, feeds, probiotics, and others that are used in aquaculture of shrimps.


The issue opens on Jun 27, 2016 and closes for subscription on Jun 30, 2016. The equity shares of the issue are proposed to be listed on the SME Platform of BSE.

Zeal Aqua Ltd to open on Jun 27, 2016 and close for subscription on Jun 30, 2016. The company has decided price Rs 130. The equity shares of the company to be list at BSE SME.

Thursday, June 23, 2016

KKV Agro Powers IPO to open on Jun 30th

KKV Agro Powers Ltd is entering in the capital markets (through NSE Emerge) with an initial public offering, IPO of 112,000 Equity Shares of Rs 10 each. The price band for the issue has been fixed at Rs 320.


KKV Agro Powers Ltd is engaged in the business of power generation from renewable energy sources, wind and solar. They are Independent Power Producer (IPP) and Renewable Power Generation company located in Coimbatore. It develops, generates, accumulates, and supplies electricity by setting up wind and solar power plants.


The issue opens on Jun 30, 2016 and closes for subscription on Jul 07, 2016. The equity shares of the issue are proposed to be listed on the SME Platform of NSE.

Wednesday, June 22, 2016

Quess Corp IPO to open on Jun 29th

Quess Corp Limited is entering in the capital markets with an initial public offering, IPO aggregating up to Rs. 400 Crores. The price band for the issue has been fixed at Rs 310 at lower level and Rs 317 at upper level.


Quess Corp Limited is integrated business services provider in India offers services across many sectors like IT and ITES staffing, managing facilities, F&B sector, skill development training, general staffing, HR solutions, engineering services, etc.


The issue opens on Jun 29, 2016 and closes for subscription on Jul 01, 2016. The equity shares of the issue are proposed to be list on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).


Visit Quess Corp Ltd IPO page for more detail.

Tuesday, June 21, 2016

Mahanagar Gas IPO fully subscribed on day 1

Mahanagar Gas Ltd IPO subscribed 1.10 times (1.09 times in retail) on day 1. Public Issue of Mahanagar Gas opened today and will close for subscription on Jun 23, 2016.

Issue subscription detail:

Qualified Institutional Buyers (QIBs): 1.82 times
Non Institutional Investors (NII): 0.23 times
Retail Individual Investors (RIIs): 1.09 times
Employee: 0.02 times

Wednesday, June 15, 2016

Mahanagar Gas IPO to open on Jun 21st

Mahanagar Gas Ltd is entering in the capital markets with an initial public offering, IPO of 24,694,500 Equity Shares of Rs 10 each. The price band for the issue has been fixed at Rs 380 at lower level and Rs 421 at upper level.

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.


The issue opens on Jun 21, 2016 and closes for subscription on Jun 23, 2016. The equity shares of the issue are proposed to be list on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Sunday, June 5, 2016

Mahanagar Gas Sets Tentative IPO Price & Date





Mahanagar Gas Limited, a Mumbai based city gas distribution company is tentatively set IPO price to Rs 455 - Rs 485 for its upcoming IPO in the last week of June.



Company planning to raise Rs 1198 Cr to carry out the Offer for Sale. Company will not receive any proceeds from the Offer and all proceeds from the Offer shall go to the Selling Shareholders.




Mahanagar Gas IPO Detail [Tentative]


  • Issue Date: 20 - 22 June
  • Price Band: Rs 455 to Rs 485
  • Lot Size: 30
  • Issue Size: Rs 1198 Cr
  • Retail Discount: Rs 0
Visit Mahanagar Gas IPO Detail page for latest updates.