Mahanagar Gas Limited

Initial Public Offer (IPO)

OPENS: 21-June-2016 , TuesdayCLOSES: 23-June-2016, Thursday
PRICE BAND:  380-421 per shareLOT SIZE: 35 Shares

Issue Highlights

Incorporated in 1995, 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 objects of the Offer are: 1. to achieve the benefits of listing the Equity Shares on the Stock Exchanges and 2. to carry out the Offer for Sale

Our Recommendation


Our View

Short term buy
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