Bookbuilding IPO | ₹373 Cr | Listed at BSE, NSE | Tue, Jan 24, 2006 - Sat, Jan 28, 2006
Gujarat State Petronet IPO is a book build issue of ₹372.60 crores. The issue is entirely a fresh issue of 13.80 crore shares of ₹372.60 crore.
Gujarat State Petronet IPO bidding started from Jan 24, 2006 and ended on Jan 28, 2006. The shares got listed on the NSE and the BSE on Feb 16, 2006.
Gujarat State Petronet IPO is set final issue price at ₹27 per share.
Kotak Mahindra Capital Co.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Gujarat State Petronet IPO RHP for detailed Information.
IPO Open
Tue, Jan 24, 2006
IPO Close
Sat, Jan 28, 2006
Issue Price
₹27 per share
Market Cap (Pre-IPO)
₹1,464.06 Cr
| IPO Date | 24 to 28 Jan, 2006 |
| Listed on | Thu, Feb 16, 2006 |
| Face Value | ₹10 per share |
| Price Band | ₹23 to ₹27 |
| Issue Price | ₹27 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 13,80,00,000 shares (agg. up to ₹373 Cr) |
| Fresh Issue | 13,80,00,000 shares (agg. up to ₹373 Cr) |
| Share Holding Pre Issue | 40,42,43,270 shares |
| Share Holding Post Issue | 54,22,43,270 shares |
| BSE Script Code / NSE Symbol | 532702 / GSPL |
| ISIN | INE246F01010 |
Gujarat State Petronet IPO comprises a total issue size of 13,80,00,000 shares. Out of which, 6,90,00,000 (50.00%) are allocated to QIB, 2,07,00,000 (15.00%) allocated to NII 4,83,00,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue |
|---|---|---|
| QIB Shares Offered | 6,90,00,000 | 50.00% |
| NII (HNI) Shares Offered | 2,07,00,000 | 15.00% |
| Retail Shares Offered | 4,83,00,000 | 35.00% |
| Total Shares Offered | 13,80,00,000 | 100.00% |
Gujarat State Petronet Ltd. operates the second-largest natural gas transmission network in India and is the first pure natural gas transmission company in the country. Its operations are mainly focused in Gujarat, where it connects major gas supply sources with key industrial users.
It began operations in November 2000 and currently runs a pipeline network of about 433 km from Hazira to Kalol, with plans to expand by an additional 742 km. It transports over 13 mmscmd of natural gas, contributing significantly to Gujarat’s total gas consumption through pipelines. Promoted by GSPC and supported by government bodies and financial institutions, the company benefits from Gujarat’s strategic position as a major entry point for domestic gas and imported LNG. Its network is connected to key supply sources such as Hazira and Dahej LNG terminals and major gas fields.
The company primarily serves industries like power, fertilizer, chemical, and steel, and also supports city gas distribution in Ahmedabad and Baroda. Overall, it plays a vital role as a neutral and efficient transporter of natural gas, linking suppliers with consumers across Gujarat.
Competitive Strengths:
| Period Ended | 30 Sep 2005 | 31 Mar 2005 | 31 Mar 2004 | 31 Mar 2003 |
|---|---|---|---|---|
| Assets | 1,051.79 | 975.21 | 749.93 | 454.18 |
| Total Income | 125.65 | 205.50 | 142.09 | 91.23 |
| Profit After Tax | 25.87 | 16.01 | 0.78 | 15.77 |
| NET Worth | 428.38 | 402.70 | 258.02 | 211.34 |
| Reserves and Surplus | 74.14 | 47.38 | 12.86 | 1.18 |
| Total Borrowing | 513.23 | 443.60 | 429.88 | 194.00 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To finance the expansion of our existing gas transmission network by approximately 742 Kms into new identified areas in the State of Gujarat | 351.60 |
| Total | 351.60 |
| KPI | Sep 30, 2005 | Mar 31, 2005 |
|---|---|---|
| RoNW | 6.04 | 3.97 |
| Price to Book Value | 2.23 |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 52.52% | 39.15% |
| Market Cap | ₹1,464.06 Cr. |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management, underwriting and selling commission | 9.00 |
| 2 | Advertisement and marketing expenses | 3.36 |
| 3 | Printing, stationery including transportation | 3.82 |
| 4 | Others (Registrar’s fees, legal fees, listing fees, etc.) | 4.82 |
| Total | 21.00 |
| Price Details |
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Gujarat State Petronet IPO is a main-board IPO of 13,80,00,000 equity shares of the face value of ₹10 aggregating up to ₹373 Crores. The issue is priced at ₹27 per share. The minimum order quantity is .
The IPO opens on Tue, Jan 24, 2006, and closes on Sat, Jan 28, 2006.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Gujarat State Petronet IPO using UPI as a payment gateway. Zerodha customers can apply in Gujarat State Petronet IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Gujarat State Petronet IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Gujarat State Petronet IPO opens on Tue, Jan 24, 2006 and closes on Sat, Jan 28, 2006.
Gujarat State Petronet IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Gujarat State Petronet IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Gujarat State Petronet IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Gujarat State Petronet IPO allotment status.
The Gujarat State Petronet IPO listing date is on Thu, Feb 16, 2006.
