Mahanagar Gas IPO
Mahanagar Gas Limited (MGL) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 01 July 2016.
Listed 1 Jul
Listing gain +28.3%
Issue details
Price band
₹380–421
Issue price
₹421
Lot size
—
Min. retail bid
—
Issue size
—
Face value
₹10
Bidding
21 Jun – 23 Jun 2016
Listing
01 Jul 2016
Retail quota
—
Registrar
Link Intime India Private Limited
Discount
Rs 38 for Eligible Employees Category Only
Listing day
Listed at
₹540
+28.3% vs issue price ₹421
Day's high
₹549
+30.4% · low ₹518 (+23.0%)
Day's close
₹520
+23.6% · traded ₹1,065 Cr
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Mahanagar Gas's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Parag Milk FoodsMay 2016 | — | — | — | — | — | +1.2% | +16.1% |
| Equitas HoldingsApr 2016 | — | — | — | — | — | +31.9% | +33.6% |
| Bharat Wire RopesMar 2016 | — | — | — | — | — | +5.0% | +5.0% |
| Quick Heal TechnologiesFeb 2016 | — | — | — | — | — | -5.0% | +2.8% |
| HealthCare Global EnterprisesMar 2016 | 2.36x | 0.43x | 0.83x | 1.56x | ₹650 Cr | -3.6% | -2.8% |
| Infibeam IncorporationMar 2016 | 0.86x | 2.23x | 1.31x | 1.11x | ₹1,148 Cr | +4.9% | +8.1% |
Offer documents (NSE)
Frequently asked
What is the Mahanagar Gas IPO price band and lot size? ₹380–421 per share.
How did it list? It opened at ₹540, +28.3% against the issue price of ₹421, and closed its first day +23.6%.
Other IPOs of 2016
Laurus LabsSheela FoamGreenSignal Bio PharmaVarun BeveragesEndurance TechnologiesHPL Electric and PowerGNA AxlesL&T Technology Services
All 2016 IPOs →
Important: The AI listing estimates on Flash Finance are statistical estimates drawn from
how past Indian IPOs have listed. They are not a forecast of what any IPO will do, not a recommendation to apply, buy or sell,
and not investment advice. Listing prices depend on market conditions on the listing day and can differ widely from any
estimate; past patterns may not repeat. Subscription figures are as published by NSE (bids on NSE and BSE together) and can be
revised. Flash Finance is not a SEBI-registered investment adviser or research analyst. Read the issue's Red Herring
Prospectus and consult a SEBI-registered adviser before you invest.
