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Petronet LNG lists on BSE at Rs 16.5
March 26, 2004 11:05 IST
Last Updated: March 26, 2004 11:06 IST
The shares of Petronet LNG Ltd were on Friday listed on the Bombay Stock Exchange and first trade was struck at Rs 16.50 per share for 500 scrips.
The company made an initial public offering of 26.09 crore (260.9 million) shares in the first week of March, 2004, and the issue was oversubscribed 4.2 times.
The price band for 100 per cent book-built issue was Rs 13-15 per share.
After the closure of bidding, the offer price was fixed at Rs 15 per share.
The lead managers to the IPO were SBI Capital Markets Ltd, DSP Merrill Lynch, Enam Financial Consultants, ICICI Securities and JM Morgan Stanley Pvt Ltd.
Petronet LNG is a company promoted by Indian Oil Corp, Oil and Natural Gas Corp, Gail India Ltd and Bharat Petroleum Corp.