How to check Mahanagar Gas IPO Allotment Status?

How to check Mahanagar Gas IPO Allotment Status onlineHow to check Mahanagar Gas IPO Allotment Status?


Mahanagar Gas IPO got oversubscribed by 64 times recently which includes 4 times by retail investors. My friend got Mahanagar Gas IPO allotment message on his phone few minutes back. If you have already received message debiting funds from your account, shares for Mahanagar Gas IPO are allotted to you. If not you can follow the below process. How to check Mahanagar Gas IPO allotment status? If these shares are allotted to you and on listing day, if it gets listed below issue price, what should you do? You might have some of these questions in your mind and let me give my views in this article. 

Also Read: Best Stocks to invest in India in 2016

Mahanagar Gas – IPO Allotment Status


Below is the process to check allotment status of Mahagar Gas IPO

  • Visit this link
  • Select Mahanagar Gas IPO from drop down box.
  • Select PAN no or DP Client ID or application no. option
  • Enter PAN no or DP Client ID or application no.
  • Enter captcha
  • Submit
  • You would know the status of Mahanagar Gas IPO allotment

Mahanagar Gas – IPO Allotment Status on mobile


Below is the process to check allotment status of Mahagar Gas IPO on mobile.

  • Visit this link
  • Select Mahanagar Gas IPO from drop down box.
  • Enter PAN no
  • Enter captcha
  • Click Search
  • You would know the status of Mahanagar Gas IPO allotment

Listing of Mahanagar Gas IPO can happen in next 3 to 7 working days

About Mahanagar Gas IPO


Mahanagar Gas Ltd is one of the largest city gas distribution (CGD) companies in India. They have more than 20 years of experience in supplying natural gas in Mumbai and  are presently the sole authorized distributor of compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai, its Adjoining Areas and the Raigad district in the state of Maharashtra, India. They are promoted by GAIL and BGAPH, each of who holds 49.75% of its Equity Shares. GAIL is a Maharatna public sector undertaking and the largest natural gas transmission company in India. BGAPH is headquartered in Singapore and is a part of the BG Group, an international exploration and production and LNG company.

Issue details of Mahanagar Gas IPO


  • IPO opens: 21-Jun-2016
  • IPO closes: 23-Jun-2016
  • Face Value: Rs 10 per share
  • Issue price band: Rs 380 to Rs 421 per share
  • Market lot: 33 shares and in multiples of 35 shares therein
  • Lead Managers: Kotak Mahindra Capital & Citigroup Global Markets
  • Listing: BSE / NSE

Conclusion: I have not received allotment though I applied for 5 lots. If you get good listing gains on your investment, you can book profits, else you hold it for 3 to 5 years.

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Suresh
How to check Mahanagar Gas IPO Allotment Status

Suresh KP

11 comments

  1. Sir I have applied for 420 shares at the cut off price of Rs.421/-, but I have received a message that no shares are allotted to me. Please enlighten me the norms of allotment.

  2. Sir,

    should we purchase from the market at 528 in case we want to hold for 1-3years?.

    please advise.

    Thanks

     

  3. Dear Sir,

    I have got 1 lot. Is it advisable to keep investment for long period (e.g.2 year or more) in Mahanagar gas ipo?

  4. I have applied for 455 shares(thirteen lots) at upper band price as retail investor for Mahanagar gas IPO, to my surprise i have not even got single lot allotted.Can any one help me in clarifying the basis of allotment.(PAn: AKIPG4077H)

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