Mahanager Gas Ltd (MGL) IPO which
opens on 21st June 2016 and closes on 23rd June 2016 got
72.84 times subscriptions on QIB,191.61 times in HNI,6.45 times in Retail and
1.17 times in employee segment marking total Subscriptions to 64.36 times.
As per Market grapevines Mahanagar Gas Ltd share will be allotted at
upper price band of Rs. 421 & allotment will be done on 28 June 2016 and
funds will released/ unblocked on 29 June 2016 through ASBA. Retail applicant
will get one out of four applicnats of 35 shares. Shares will be credited in DP
on 30 June 2016 and Listing will be take place in NSE/BSE on 01 July 2016 around Rs.525-Rs.550.
We may see the level of Rs.600 in
very short term of 7-15 Days( Neutralizing Brexit ).
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