Mahanagar Gas Limited
21 Jun 2016 – 23 Jun 2016
LISTED
Offer Price
₹380–421
Bid lot
35
Min Application
₹14,735
Issue Size
₹1,040 Cr
Key dates
Open date
21 Jun 2016
Done
Close date
23 Jun 2016
Done
Basis of allotment
—
TBA
Initiation of refunds
—
TBA
Credit to demat
—
TBA
Listing date
01 Jul 2016
Today
Lot ladder — how much to bid
1 lot = 35 sharesRetail · Up to ₹2 L1–13 lots
Min · 1 lot
35 sh · ₹14,735
Max · 13 lots
455 sh · ₹1,91,555
S-HNI · ₹2 L to ₹10 L14–67 lots
Min · 14 lots
490 sh · ₹2,06,290
Max · 67 lots
2,345 sh · ₹9,87,245
B-HNI · Above ₹10 L68+ lots
Min · 68 lots
2,380 sh · ₹10,01,980
Entry point
₹10,01,980 onward
Issue details
Lead managersAxis Capital, Nuvama, JM Financial
Face value₹10
Listing onNSE
RegistrarLink Intime India Private Limited
Grey-market sentiment
No grey-market data yet.
Documents
RHPOpen ↗
Filed with SEBI / the exchange by the issuer. Opens on the issuer's or the regulator's site.
How to apply
1Create your account & log inSign up on Investoyard and complete a quick KYC.
2Pick the IPO & tap ApplyOpen the live IPO and choose your investor category.
3Enter bid & quantityUp to 3 bids · cut-off or price band · retail cap ₹2,00,000.
4Approve the UPI mandateYou receive a fund-block request on your UPI app.
5DoneFunds stay blocked until allotment, then auto-debited (or released).
Frequently asked questions
What is the minimum investment in the Mahanagar Gas Limited IPO?
One lot of 35 shares — ₹14,735 at the upper price band of ₹421.
How many bids can I place?
Up to 3 bids per application. Retail applications are capped at ₹2,00,000; above that you must apply in the HNI category.
When are the funds debited?
Funds are blocked via a UPI mandate at application and debited only on allotment. If shares are not allotted, the block is released automatically.
When will the shares list?
Tentative listing on 2016-07-01 on NSE.