Petronet LNG IPO
Petronet LNG IPO — date, price band, lot size & details 2004
Petronet LNG listed on 26 Mar 2004 at ₹17, 13.3% above the ₹15 issue price.
Petronet LNG was set up as a joint venture of BPCL, GAIL, IOC and ONGC to build infrastructure to import, store and regasify liquefied natural gas in India. Its IPO of Rs 391.47 crore was priced at Rs 15 per share.
Stock price
Petronet LNG 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 12 November.
- Open 01 Mar 2004
- Close 09 Mar 2004
- Allotment 23 Mar 2004
- Refund/credit TBA
- Listing 26 Mar 2004
Issue summary
The terms of the offer, as filed.
| IPO Dates | 1 to 9 Mar, 2004 |
|---|---|
| Price Band | ₹13 – ₹15 |
| Face Value | ₹10 |
| Lot Size | 100 Shares |
| Issue Size | ₹391.47 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 1,500 |
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 100 shares at the ₹15 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 100 | ₹1,500 |
| Retail (max) | 133 | 13,300 | ₹1,99,500 |
| S-HNI (min) | 134 | 13,400 | ₹2,01,000 |
| S-HNI (max) | 666 | 66,600 | ₹9,99,000 |
| B-HNI (min) | 667 | 66,700 | ₹10,00,500 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Its 4 promoters were large public sector energy companies.
- 02The Rs 391.47 crore issue was subscribed 3.42 times.
- 03The issue was priced at Rs 15, the top of its Rs 13 to Rs 15 band.
- 04It was set up in 1998 to build LNG import, storage and regasification infrastructure.
Risks · 5
- 01Its prospectus could not be found online, so its financial figures could not be checked; the issue size was Rs 391.47 crore.
- 02LNG prices are set globally and the business needs long term supply and sale contracts; the face value was Rs 10 per share.
- 03It was incorporated only in 1998, so it had a short operating history at the time of its 2004 IPO.
- 04Large import terminals need heavy capital before they earn revenue; the issue raised Rs 391.47 crore.
- 05Pre and post issue promoter holdings are not available in our data, for a face value of Rs 10 per share.
Where the money goes
How the company intends to use the proceeds of the issue.
Information about the usage of proceeds from the Petronet LNG IPO will be updated shortly.
About the company
It was set up to build infrastructure to import, store and regasify liquefied natural gas (LNG) for supply in India.
Its registered office is at the World Trade Centre, Barakhamba Lane, New Delhi.
The IPO was Rs 391.47 crore at Rs 15 per share, the top of the Rs 13 to Rs 15 band, with a face value of Rs 10. It was subscribed 3.42 times.
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.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
SBI Capital Markets Ltd.
141 issues handledBest listing: Bajaj Housing Finance (+114.3%). Weakest: ICICI Securities (-16.3%).
Axis Capital
260 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
ICICI Securities
221 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Bannari Amman Spinning Mills (-25.2%).
Bofa Securities India Limited
64 issues handledBest listing: Tata Technologies (+140.0%). Weakest: Puravankara Projects (-22.5%).
JM Morgan Stanley Pvt. Ltd
22 issues handledBest listing: Infrastructure Development Finance Co (+76.5%). Weakest: House of Pearl Fashions (-9.1%).
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 Petronet LNG?
The current Grey Market Premium is ₹0.
What is the Petronet LNG IPO price band?
₹13 to ₹15, on a face value of ₹10.
When is the allotment?
The basis of allotment is 23 March 2004, with listing on 26 March 2004.
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.
