Gujarat State Petronet IPO
Gujarat State Petronet IPO — date, price band, lot size & details 2006
Gujarat State Petronet listed on 16 Feb 2006 at ₹46.5, 72.2% above the ₹27 issue price.
Gujarat State Petronet runs a natural gas transmission pipeline network in Gujarat and began operations in November 2000. Its total income was Rs 205.50 crore in FY2005.
Stock price
Gujarat State Petronet is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 13 November.
- Open 24 Jan 2006
- Close 28 Jan 2006
- Allotment TBA
- Refund/credit TBA
- Listing 16 Feb 2006
Issue summary
The terms of the offer, as filed.
| IPO Dates | 24 to 28 Jan, 2006 |
|---|---|
| Price Band | ₹23 – ₹27 |
| Face Value | ₹10 |
| Lot Size | 250 Shares |
| Issue Size | ₹372.6 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 6,750 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 250 shares at the ₹27 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 250 | ₹6,750 |
| Retail (max) | 29 | 7,250 | ₹1,95,750 |
| S-HNI (min) | 30 | 7,500 | ₹2,02,500 |
| S-HNI (max) | 148 | 37,000 | ₹9,99,000 |
| B-HNI (min) | 149 | 37,250 | ₹10,05,750 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 91.23 crore in FY2003 to Rs 205.50 crore in FY2005.
- 02Profit after tax rose from Rs 16.01 crore in FY2005 to Rs 25.87 crore in six months to September 2005.
- 03Net worth rose from Rs 211.34 crore in FY2003 to Rs 428.38 crore in September 2005.
- 04It planned to extend its network by about 742 kms.
Risks · 5
- 01Its five largest customers gave about 68.4% of revenue, and one customer, GPEC, 30.1%.
- 02Total borrowing was Rs 513.23 crore in September 2005, more than its net worth.
- 03The 742 km expansion needs large capital spending; profit was only Rs 0.78 crore in FY2004.
- 04There were 2 criminal cases involving the company and its employees.
- 05Promoter holding fell from 52.52% before the issue to 39.15% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Gujarat State Petronet offer document.
| Metric | 30 Sep 2005 | 31 Mar 2005 | 31 Mar 2004 | 31 Mar 2003 |
|---|---|---|---|---|
| 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 | - | - | - |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Gujarat State Petronet RHP.
Where the money goes
₹351.60 Cr of the issue is earmarked to named objects.
About the company
It began operations in November 2000 and planned to expand its network by about 742 kms into new areas of Gujarat.
Its five largest customers gave about 68.4% of operating revenue in six months to September 2005, with Gujarat Paguthan Energy Corporation (GPEC) alone about 30.1%.
The IPO was Rs 372.6 crore and was entirely a fresh issue at Rs 27, the top of the Rs 23 to Rs 27 band.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Gujarat State Petronet IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
HSBC Securities & Capital Markets (India) Pvt. Ltd.
34 issues handledBest listing: Reliance Petroleum (+66.6%). Weakest: Nuvoco Vistas Corporation (-14.9%).
ICICI Securities
221 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Bannari Amman Spinning Mills (-25.2%).
Kotak Mahindra Capital Company Limited
204 issues handledBest listing: Premier Energies (+120.0%). Weakest: Puravankara Projects (-22.5%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Gujarat State Petronet?
The current Grey Market Premium is ₹0.
What is the Gujarat State Petronet IPO price band?
₹23 to ₹27, on a face value of ₹10.
When is the allotment?
The basis of allotment is TBA, with listing on 16 February 2006.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
