Analysts feel the valuations of the stock are cheap compared to listed peers like Indraprastha Gas, which was the reason for huge buying in the stock.
01 Jul 2016, 4.19 pm | Source: Moneycontrol.com
Mahanagar Gas (MGL) listed on exchanges today at Rs 540 per share, a 28 percent rise from its issue price of Rs 421 per share. Through the IPO, MGL has raised Rs 1,040 crore with a price band at Rs 380-421.
01 Jul 2016, 10.46 am | Source: CNBC-TV18
Mahangar Gas could see a volume growth of 5-6 percent in a couple of years, says Prayesh Jain of IIFL.
01 Jul 2016, 10.14 am | Source: CNBC-TV18
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.
01 Jul 2016, 10.00 am | Source: Moneycontrol.com
"Trading members of the exchange are hereby informed that effective from Friday, July 1, 2016, the equity shares of Mahanagar Gas Limited shall be listed and admitted to dealings on the exchange in the list of 'B' group of securit...
30 Jun 2016, 8.40 pm | Source: PTI
The issue, which opened during June 21-23, oversubscribed 64.54 times, driven by non-institutional investors (191.61 times) and qualified institutional buyers (72.84 times).
30 Jun 2016, 9.12 am | Source: Moneycontrol.com
The Rs 1,040 crore-IPO received bids for 1,90,59,250 shares against the total issue size of 1,73,46,150 shares, data available with the NSE till 1700 hrs showed.
22 Jun 2016, 9.18 am | Source: PTI