What does Bombay Gas Company Limited do?

Bombay Gas Company Limited is engaged in the distribution and supply of gas — including piped natural gas (PNG) and LPG — to residential, commercial, and industrial consumers in Mumbai. The company is a licenced city gas distribution (CGD) entity operating under PNGRB regulations.

When was Bombay Gas Company Limited incorporated?

The company was incorporated in 1982 in Maharashtra, as reflected in its CIN (U65100MH1982PLC026295).

Is Bombay Gas Company Limited listed on a stock exchange?

No, the company is unlisted. Shares trade informally in the unlisted market at approximately ₹94 per share.

Who regulates Bombay Gas Company Limited?

The company operates under the regulatory framework of the Petroleum and Natural Gas Regulatory Board (PNGRB), which governs city gas distribution licences, tariffs, and infrastructure standards in India.

Who are the main competitors of Bombay Gas Company Limited?

The primary competitor in Mumbai's city gas distribution market is Mahanagar Gas Limited (MGL), a listed company with a dominant market share in Mumbai and surrounding areas. Other national CGD players like Indraprastha Gas and Gujarat Gas also operate in adjacent markets.

How do I buy Bombay Gas Company unlisted shares here?

Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

There are no separate platform fee lines and no GST on the transfer — the desk's margin is built into the buy/sell price you're quoted. The only statutory add-on on a purchase is stamp duty on the consideration, shown transparently in your cost breakdown.

Is there a minimum ticket size for Bombay Gas Company?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

How do I sell Bombay Gas Company shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

Bombay Gas Company Unlisted Share Price | Buy Bombay Gas Company Pre-IPO Shares — wisefolio

Pros

ISIN INE04OE01014 confirmed; strong promoter holding 76.63% — Jalan family majority control.
Revenue ₹83.6 Cr (FY22) — substantial scale for an NBFC/financial services company despite the "Gas" name.
Fort, Mumbai location — at the heart of India's financial capital; access to top-tier deal flow and financial ecosystem.
Strong balance sheet signals in FY24: current ratio 5.08 vs 0.22 in FY23 — major liquidity improvement; debt-equity ratio reduced to 0.02.

Cons

Unlisted (U-prefix) — no secondary market; ISIN exists but shares trade OTC.
Despite "Bombay Gas Company" name, classified under Financial and Insurance Services — misleading branding creates opacity.
NBFC/financial services is intensely competitive; small Mumbai-based entity competes with large banks and established NBFCs.

Business Segments

Financial Services / NBFC

Financial and insurance services; monetary intermediation activities — despite "Gas Company" name, primary operations are financial in nature.

Revenue Model

Bombay Gas Company Limited generates revenue through the sale of piped natural gas and LPG to residential, commercial, and industrial customers. Revenue is driven by volumes distributed, regulated tariffs set by PNGRB, and connection fees from new customer additions. Stable demand from captive customers on the pipeline network provides revenue predictability.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds11

Growth Plans

India's National Gas Grid expansion improving supply availability and reducing gas costs

Government push to increase PNG household connections in Mumbai

Rising LPG prices potentially making piped gas more attractive for residential customers

Industrial customers switching to natural gas for cost and environmental compliance reasons

Industry Tailwinds

Recent Developments

India CGD sector expansion

India's city gas distribution sector continues to expand under PNGRB's 12th CGD bidding round, with the government pushing for household PNG connections and CNG stations across urban and semi-urban India, benefiting legacy CGD operators.

2024-01

Natural gas pricing revision

India revised domestic natural gas prices under the Kirit Parikh committee recommendations, providing more market-linked pricing for gas distribution companies and improving their ability to pass through input costs.

2023-09

Comparable Companies

CompanyTypeTickerMkt Cap

Mahanagar Gas LimitedListedMGL~10,000 Cr

Indraprastha Gas LimitedListedIGL~28,000 Cr

Gujarat Gas LimitedListedGUJGAS~30,000 Cr

Mahanagar Gas LimitedListed

MGL · ~10,000 Cr

Frequently Asked Questions

About Bombay Gas Company

Bombay Gas Company Limited is a Mumbai-based gas distribution company incorporated in 1982 under the Companies Act (CIN: U65100MH1982PLC026295). The company is engaged in the supply and distribution of gas — historically coal gas (town gas) and potentially piped natural gas (PNG) — to residential, commercial, and industrial consumers in the Mumbai metropolitan area. Bombay's gas utility history dates back to the colonial era when Bombay Gas Works was one of Asia's earliest gas supply systems. While the modern entity was incorporated in 1982, it operates within a sector with very deep historical roots in Mumbai's energy infrastructure. Gas distribution in urban India has been a regulated sector with significant infrastructure barriers to entry — existing pipeline networks, safety regulations, and long-term supply contracts create a durable competitive position for incumbents. The company reported revenues of ₹83.6 crore in FY2022, with paid-up capital of ₹8 crore. The revenue figure reflects meaningful operating scale for a gas distribution utility. Gas distribution utilities typically benefit from recurring, contracted revenues as consumers pay for metered gas consumption. Margins depend heavily on procurement costs (gas prices) and the ability to pass through costs to end consumers under regulatory frameworks. Mumbai's energy landscape has been evolving — with City Gas Distribution (CGD) companies like Mahanagar Gas Limited dominating piped natural gas distribution in the Mumbai CGD zone. Bombay Gas Company operates in a space where differentiation and regulatory positioning are critical. The company's FY2022 revenue of ₹83.6 crore suggests it maintains an active customer base and distribution operations despite the competitive presence of larger players like Mahanagar Gas.

Key Milestones

Incorporated February 9, 1982 in Mumbai, Maharashtra (CIN: U65100MH1982PLC026295)

Common questions about unlisted shares

How do I buy Bombay Gas Company unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?

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