IPO Price History
Closed
Mahanagar Gas Limited logo

Mahanagar Gas Limited IPO

Mainboard IPOListedMGLNSE
Current Market Price (CMP)
₹1,023.10(+143.02%)
Current Price (CMP)
₹1,023.10(+143.02%)

Live Market Quote

Listing Price & Gain
₹540(+28.27%)

Day 1 Exchange Open

IPO Issue Price
₹421

Band: ₹380 - ₹421

Total Subscription
28.75x

Overall Bid Demand

Total Issue Size
—

Gross Public Offer

IPO Schedule & Key Dates

IPO Bidding Opens
21 Jun 2016
IPO Bidding Closes
23 Jun 2016
Allotment & Refunds
Completed
Exchange Listing Day
01 Jul 2016

IPO Subscription Status

Breakdown of institutional, high-net-worth, and retail bidding demand

Overall Demand: 28.75x
Investor CategorySubscriptionDemand Scale
Qualified Institutional Buyers (QIB)—
Non-Institutional Investors (NII / HNI)—
Retail Individual Investors (RII)—
Updated as on 23 June 2016 at 2300 hrs

Listing Day & Return Performance

Listing Day Gain+28.27%
₹421 (Issue) → ₹540 (List)
Per share profit: +₹119.00
Holding Return (Till Date)+143.02%
₹421 (Issue) → ₹1,023.10 (CMP)
Net gain per share: +₹602.10
Post-Listing Performance (Listing Day → Today):+89.46%

About Mahanagar Gas Limited IPO

Mahanagar Gas Limited is an Indian public offering categorized under the Mainboard segment. The public issue opened for bidding on 21 Jun 2016 and concluded on 23 Jun 2016, offering equity shares to institutional, non-institutional, and retail investors with an indicative price band of ₹380 - ₹421.

During the bidding window, Mahanagar Gas Limited witnessed heavy demand with an overall subscription of 28.75 times. Institutional investors (QIB) subscribed —, non-institutional high-net-worth investors (NII) subscribed —, and retail individual investors (RII) bid — their reserved quota.

The equity shares of Mahanagar Gas Limited officially debuted on the stock exchanges on 01 Jul 2016 at an opening listing price of ₹540, delivering a listing day return of +28.27% (premium) over the final issue price. As per the latest market data, the stock trades at ₹1,023.10, representing an overall gain of +143.02% since its IPO allotment.

Frequently Asked Questions

What was the issue price or price band of Mahanagar Gas Limited IPO?
The issue price of Mahanagar Gas Limited IPO was fixed at ₹421 per equity share. The indicative bidding price band was ₹380 - ₹421.
What were the open, close, and listing dates for Mahanagar Gas Limited IPO?
Mahanagar Gas Limited IPO opened on 21 Jun 2016, closed on 23 Jun 2016, listed on 01 Jul 2016.
How much was Mahanagar Gas Limited IPO subscribed?
The IPO received an overall subscription of 28.75 times. Category-wise, QIBs subscribed —x, NIIs subscribed —x, and Retail investors subscribed —x.
What was the listing price and listing gain of Mahanagar Gas Limited IPO?
Mahanagar Gas Limited IPO listed on the stock exchange at ₹540, delivering a listing gain of 28.27% compared to the IPO issue price of ₹421.
Is Mahanagar Gas Limited IPO a Mainboard or SME IPO?
Mahanagar Gas Limited IPO is a Mainboard IPO listed on the main exchange of NSE.
What is the current return of Mahanagar Gas Limited IPO since its IPO?
At the latest market quote of ₹1,023.10, Mahanagar Gas Limited IPO has generated an all-time return of +143.02% since its initial public offering.

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