Mahanagar Gas Limited IPO Message Board (Page 49)

Septa sir please raise our voice against reducing interest rates despite terrible rise in inflation and in prices of essential food commodities like grains pulses fruits and vegetables.How a senior citizen living on fixed deposits interest income can manage with reducing monthly income?

let me try again interest rate have drop 2% however the real effect is 22% drop in income. better option is go for good company FD which give anywhere between 9% to 9.25% this is advice i give to my clients too

no to fixed deposit in most company , higher rate means good interest but initial deposit is lost ,

arjun patel and egalji are good comunicatin in market they give a best wew so thanks both of you for giding us

ARJUN PATEL KA DUPLICATE
ARJUN PATEL RAJKOT KON HE JO GALAT BHAV POST KARTA HE

savar kundla ma su bhav chale che? mgl na,

Thanx @MK

As many as 33 small and medium enterprises are planning to line up initial public offers (IPOs) to fund business expansion and meet working capital requirements.

These companies, which are planning to list on BSE’s SME platform, are expected to float IPOs in the coming months.
The exchange has already given go-ahead to 15 SMEs, while another 18 have filed their draft offer documents with BSE and are awaiting for approval, as per the latest information.

Listing will help these companies to enter capital markets and finally migrate to the main board platform.
SMEs, which have lined up their IPOs include, Trine Entertainment, Monarch Apparels (India) Ltd, Shareway Securities, Octaware Technologies, Worth Infra Industries, AGI Hospitalities, Yash Chemex and Advance Syntex.

BSE MD and CEO Ashishkumar Chauhan, last month, had said that exchange expects 30 IPOs on its SME platform in the next three months.
BSE launched SME platforms in March 2012 and since then, 139 companies have been listed on the platform. These firms together have a market capitalisation of Rs 10,126.35 crore.

Out of these 33 firms, 18 companies have migrated to the mainboard platform. Currently, there are 121 companies listed on the SME platform.
As per the norm, companies looking to list on the BSE’s SME platform require have post-issue paid up capital of a minimum Rs 3 crore.
Besides, they need to have a net worth of at least Rs 3 crore (as per the latest audited financial results) to qualify for the listing.

SMEs list themselves on bourse for easy access to capital, enhanced visibility, growth opportunities, exit route for old shareholders, among others.
After meeting required norms, SMEs can seek migration from SME Exchange to main board.

Still intact with my very earlier view ~

96. Khemka Jun 11, 2016 5:41:46 PM IST Reply
Mahanagar Gas Limited IPO

No growth visible for mgl,limited growth may be , one should exit on listing, it seems not a portfolio stock , fair value 500 rs types

What is the best way to apply for this IPO to get maximum allotment??

Better to apply max. allowed limit in retain from 1 Demat account or any other option.

Experts kindly advice.

Mahanagar Gas - Unique Asian CGD pure-play; IPO Note

https://www.edelresearch.com/showreportpdf-33060/MAHANAGAR_GAS_-IPO_NOTE-JUN-16-EDEL



Mahanagar Gas (MGL) is India’s third-largest city gas company with quasi-monopoly in Mumbai and adjoining areas. According to our analysis of Asian peers, MGL (along with IGL) offers a purer play on the steady, high barriers to entry compressed natural gas (CNG) and residential PNG business. Mumbai has one of most dynamic and yet modest penetration levels in the country with ~26%/29% penetration of CNG/residential PNG. We expect enhanced CNG competitiveness and entry in nascent market of Raigad to drive the company’s volumes 7% p.a, lower than IGL’s at 8% p.a. IGL shall enjoy a mildly higher RoE, as well. We, therefore, believe IGL deserves a premium valuation over MGL. At the upper band of the proposed IPO price of INR421, MGL will be at 18% FY18E PER (10.7x) discount to IGL, which we believe is fair. The IPO opens on June 21, 2016.

Volume kickers: Modest penetration and new geographical areas
Despite considerable coverage in Mumbai, we believe MGL still has healthy volume growth of 7p.a. 1) Under penetrated: As per management, MGL’s addressable market for CNG, residential and commercial PNG is 4x/4x/3x existing base; 2) Roll-out at Raigad: management estimates additional 0.5mmscmd volumes from Raigad over FY20, a 20% increase on existing volumes; 3) Competitiveness: Advantaged feedstock allocation, rising oil price improves competitiveness and will drive conversions; and 4) New licensing: 11 geographical areas (GA’s) being offered in Maharashtra is an attractive inorganic growth opportunity.

High exposure to steady business—stable cash flows, high returns
MGL has high exposure to domestic city gas (85%). Its EBITDA margin has declined in the recent past until FY15. Margins are now in line with IGL (MGL’s FY16 EBITDA/scm at INR5.8). We expect margins to expand going forward given improved feedstock allocation and pricing. Furthermore, the company enjoys a strong financial profile—highest margin in the industry, high RoE (over 20%), stable positive cash flows and virtually debt free.

Outlook and valuations: Comparison with IGL and Asian peers
Over FY16-20, we estimate MGL to post PAT CAGR of 12% compared to IGL’s 15%. We also expect IGL’s RoE to surpass MGL’s beyond FY17. The upper end of the price band implies an 18% discount to IGL and 21% discount to Asian peers, on FY18E PER.

Mahanagar Gas IPO

GMP 108-110
Kostak 1050-1100

https://www.edelresearch.com/showreportpdf-33060/MAHANAGAR_GAS_-IPO_NOTE-JUN-16-EDEL

What about down trend gmp in mgl ? any resons..

Premium - 145 to 155
Kostak - 1900
Mumbai

Sorry
Kostak is 1400
Premium is 145-155

jimitbhai.. posibility of IPO subscription in Retail... as per your view.. allotment ration should be...... in Retail !!!!!

Mgl premium 45-49
Application 500
Selleeeeeeerrrrrrrrrrr

:)

On Listing day of MGL, does it also affect GAIL share price? currently it trading at 687, some of source saying it will reach around 750 on listing day. please share knowlege

Hello Currently Gail India Limited Trading at Rs 387. From where you pick up 687 price of Gail

FOR SEPTA SIR, RKS AND OTHER EXPEREINCED INVERSTORS
Its little off topic, but really important for many new investor
I am facing problems in preserving my capital, I work in private sector. 10 yr back I used to draw a salary of 10000 which was good enough that time in tier 3 city, save significant amount, but suddenly 6 pay recommendations applied, and I found my capital (which was in FD) is very less compared to today’s standard.
Now I am drawing 50000, saving 20000 pm, but 7 th pay recommendation will give salary hike and simultaneously increase in dearness, which will again erode my capital.
I need suggestions how can I manage that through stocks, gold and other options?
Ravi

manipo has covered it beautifully only thing i will change would be the SIP in MF to SIP in 20 good companies. Also open demat account in a no frill brokerage house this will save u in commission which also add up.

Also on spending side u need to be wise money saved is money earned so moderate ur spending not necessary to own brand new stuff second hand is fine in many cases and also the process is long but very fruitful.

Thanks for hep boarders
I have already started it in MF
planning to start one SIP in gold (ETF)

septa sir,
what''s your top 20 company (I am already having ujjivan, heromotocorp, suven life scince

please give ;ist of 20 shares long term hold

Application below 1000...
Kya hua ???

Application below 1000...

Guys,

I thing MGL premium going down now...

Is heavily trading....?

I am going to cape town for a week .... so request you all to keep updating gray market premiums and ipo infor.ation so I can check it..

Thanks in advance.

RBL Bank & L&T Ipo July End.

Has RBL got the SEBI final approval ??

Quess Corp IPO:-
Date:- 30th June - 4th July
Issue Size 400 Cr.
Retail 35%

Application 600

GMPs
Mgl 100-103
Application 975-1050

really ?

Yes 950-1000 only...and gmp 96-100... But still if we consider 70 gMp then also 2500/ application..which is more than enough in 10 days .. :)

should i sold ujjivan and invest in MGL? if yes then why??

NO