BHEL, Tata Motors, NTPC, Axis Bank, Dr Reddy’s Labs are top gainers while Sun Pharma is down.
Mahanagar Gas, the country’s second largest CNG retailer, will list its equity shares on exchanges on July 1 after its issue received overwhelming response from investors last week. The issue, which opened during July 21-23, oversubscribed 64.54 times, driven by non-institutional investors (191.61 times) and qualified institutional buyers (72.84 times).
Retail investors’ participation in the issue was also good, their portion subscribed 6.82 times and employees 1.18 times. Mahanagar Gas has garnered Rs 1039.6 crore through the issue at higher end of price band of Rs 380-421 per share.