Mahanagar Gas Limited IPO Message Board (Page 56)

Hey eagleye

Looking at al ur post i think u could help me in investing in grey market

Let me know with d phone number

No Sir,

I am just a hobbyist ... merely an observer of the IPO market ... I am of no consequence

There are many seasoned players of the IPO market in this forum ... who actually invest their hard earned money and take this business very very seriously ...

Hey required help

Interested in investing in grey market whats d procedure
I''m already in investing in primary market like through bank

But dont d procedure for grey market

Procedure

I''m from bangalore

CA mehul mehta (m=30406) is the champion of all IPOs ... if you ask him nicely ... he might help you

MGL GMP 130-133


IGL CMP 608

421

So sell now in grey @1250 or wait for @1500?? Wht do u think?? ...i''m on "sell in grey side" ...always

If 2,47,000 forms are received, every applicant will receive 35 shares. This IPO size is little bigger than Ujjivan but at the same time there is no bunching of the issues and an euphoria has developed to apply in IPO due to last 3 hit issues (Thyrocare, Equitas and Ujjivan). Reviews for this IPO are expected favorable. The only limiting factor is total no of Dmat accounts which will play a major role in restricting no of applications.Considering all these factors, I Estimate that IPO will be oversubscribed 3.5 to 4 times. I request all our boarders to post their valuable views on this.

So as per your own calculations ... for RII to be 4X ... we will need nearly 10 lakh applications ... Do you think that is possible ?

Dear Eagleye,
Yes I do think that IPO will be oversubscribed by 3.5 to 4 times. However in terms of no of applications I think it will be oversubscribed nearly 3 times. May be 7 to 7.5 L applications.
What do you say ?

10 TH JUNE GARDEN SILK RS 30.10 HIGH RS 36.10
BUY AS PER RKS
TODAYS RATE 33.7 LOWER 5 % CIRCUIT

LOWER CIRCUIT STATED
90.1. RKS Jun 10, 2016 1:05:06 PM IST
Stock Alert- Rerating of Garden Silk Mills is anytime due. Its on upper circuit today with no sellers. Expect 20% returns in 3 months. Also one can buy AllCargo Logistics and aegis Logistics for superlative gains in anticipation of GST by month end. Month end is still 20 days away. Expecting a daily gain of minimum 1% daily in both logistics stock irrespective of market moving up or down.
avatar
90.2. Chem cho Jun 10, 2016 4:34:36 PM IST
for 20 % profit , you may land in loss of 40% if lower side trigger starts , it is an operators who is rigging the stock ,

IF GATTI IS GOOD , THEN 8% DOWN IN ONE GO TO RS 155 ,
GOOD STOCK DONOT FALL FAST ,
OPERATORS TRAP

Increase ur knowledge first and see what i have written carefully. Just do not keep blaabbering incoherently. Wait for the time horizon given. We will talk then. I believe talking about it before that does not make sense. Replying to u before that is like hittimg ones head on a stone. U are bound to keep posting crap. If one replies then crap is going to fall on self only. Best is to ignore u. Be happy in ur bachkaani harkatein. Hope god has given some grey matter to u. If not then can only pity u.

Ratios March''16      Mahanagar Gas Limited
Fair Value      ???      (CA Saheb to tell us)
Basic EPS      34.55
Diluted EPS      31.36
RONW      20.20%
NAV      155.70
Dividend      17.50 (to be reconfirmed)


Ratios March''16      Indraprastha Gas Limited
CMP (13June)      582.05
Basic EPS      33.15
Diluted EPS      33.15
RONW      18.73%
NAV      176.97
Dividend      6.00


Ratios March''16      Gujarat Gas Limited
CMP (13June)      510.95
Basic EPS      11.32
Diluted EPS      11.32
RONW      7.34%
NAV      154.33
Dividend      2.50

MAHANAGAR GAS LIMITED
(Refer Page No 293 of RHP dated 10th June 2016)

20/Jun/16 – Participation by Anchor Investors
21/Jun/16 – Bid/Offer Opening Date
23/Jun/16 – Bid/Offer Closing Date
28/Jun/16 – Finalisation of Basis of Allotment
29/Jun/16 – Unblocking of Funds from ASBA Account
30/Jun/16 – Credit of Equity Shares to Demat Account
01/July/16 – Commencement of Trading on NSE/BSE

http://ipoinformationport.blogspot.in/

Dear Mukesh,
Can you pl inform me how to as you have shown)
For example I know www.facebook.com. Then how to convert this URL into a Link so that I can mention it anywhere and people can access the sight just by clicking on it.
Thanks for your reply in advance.

As such reported EPS of MGL is 34.5 but it needs adjustment. Careful read of DRHP will show that as per the agreement there will be 10% dilution to maharashtra government at face value of 10/shr. This reduces the value to us as we are buying the same share at 420. comparative FY16 diluted EPS thus comes to 31.4/shr. We need to calculate growth from this base. Lot of calculation here are missing this point.

Comparative FY16 EPS of IGL in stand alone entity was 29.7/shr and in their JV''s their share of earnings was 2.8/shr. Thus comparative FY16 EPS for IGL is 32.5/shr. IGL is much bigger entity and has better growth potential due to pollution control measures being planned for delhi. IGL trading at 17.5x FY16. Even if u give same PE fair value comes to max 550/shr.

You have made a very relevant point

Mahanagar Gas Limited
Basic EPS 34.55
Diluted EPS 31.36


Indraprastha Gas Limited
Basic EPS 33.15
Diluted EPS 33.15


Gujarat Gas Limited
Basic EPS 11.32
Diluted EPS 11.32


So the appropriate relative valuation matrix should be based on Diluted EPS ... and NOT on Basic EPS

Mgl
21-23JUNE
380-421
Lot 35

38 rs discount to employees

Final

Sleepwell parent Sheela Foam hires bankers for Rs500 crore IPO
Edelweiss Financial Services Ltd and ICICI Securities Ltd will manage the process and work has been initiated on the IPO

Mahanagar Gas Ltd. IPO UPDATE :

Offer Period:
Offer Opens : 21 June, 2016
Offer Closes : 23 June, 2016

Issue Size : OFS upto 2,46,94,500 Equity Shares &
Employee Reservation utpo 2,00,000 Equity Shares

• Price Band & Bid Lot will be disclosed tomorrow.

Net Offer Split :
QIB : 50% (12,247,250 Equity Shares)
HNI : 15% (Not less than 36,74,175 Equity Shares)
RETAIL : 35% (Not less than 85,73,075 Equity Shares )

About the Business
• Monopoly in Mumbai for Gas Distribution for Cars, Domestic and Industrial Gas
• Simple Utility Business with healthy ROE
• Peers are Indraprastha Gas and Gujarat Gas Ltd
• High growth possibilities with Uber and Ola being more accepted by people and other Gas based fuel systems in Cars

Positive
• Monopoly in Mumbai for Gas Distribution for Cars, Domestic and Industrial Gas
• Balance Sheet is Almost Debt Free
• Revenues of the company have grown at CAGR of 18% from Rs. 1100 crores to Rs. 2100 crores in the last 4 years.
• Profit after tax increased to INR 3,010.01 million in Fiscal 2015 from INR 2,255.08 million in Fiscal 2011 at a CAGR of 7.49%.
• Consistent ROE over last 3 years of around 20% is considered good.
• MGL is presently the sole authorised distributor of compressed natural gas (CNG) and piped natural gas (PNG) and has a monopoly in Mumbai. Exclusive rights till 2020, adjoining reagions till 2030 and in Raigad District till 2040.

Negative
• Increase in Working Capital is the point to consider (Current Liabilities & Long term Borrowings have increased)
• Net Profit Margins have fallen from 20% to 14%.
• Growth is flat in last 1 year and not grown.

Valuation
• The latest Diluted EPS is 31.06
• Fair Value should be around P/E of 18 = Rs. 560,
However growth guidance from management will be important to justify P/E
• Peer Valued at Indraprastha Gas = P/E of 17x and Gujarat Gas at 40x

Thanks for update.

Mahanagar RHP is available here

http://www.investmentbank.kotak.com/downloads/mahanagar-gas-limited-RHP.pdf

This year the world’s most famous investor Warren Buffet did something unusual during his firm Berkshire Hathaway’s AGM. He let the Apr 30th one-day event be telecast live over internet to anyone interested. I have taken one wonderful lesson delivered that day by Warren Buffet and rewritten it for the Indian market. It is here in 7 simple points.
1. Lets say there are a 100 people sitting in front of us, and these 100 represent the entire Indian stock market shareholders, they own all the shares available
2. Lets make a line in the center, and separate them out with the left half owning 50% of all shares and similarly the half on the right. The left half are passive investors. They do not trade shares much, just buy and hold. The ones on the right are active investors and traders. They invest through equity mutual funds, equity futures, buy and sell options, trade intraday, hedge funds, etc.
3. The Indian Sensex has given 14.8% CAGR annual returns in 14 years since 2002.
4. The people on the left are going to get the average returns of the Sensex, ie. 14.8 % CAGR over this entire period. They are passive, and so they will get the average returns. Tax on profits that are Long term capital gains (>365 days) on equity is zero.
5. The ones on the right are also going to get an average of 14.8% over this entire period. However, their real returns will be much less due to tax, commissions, brokerage, AMC charges and success fees.
6. Why is this? This is because:
A. The equity mutual funds are going to take away as much as 2.5% per year of AMC charges.
B. The traders in Futures and Options are essentially playing a +14.8% sum game, where the underlying equity is on average appreciating by 14.8%, and all the trading only declares some winners and some losers. The losses of the trading losers get transferred to the winners. Also, the intraday, momentum and swing traders too are in the same boat as F&O.
C. Trading is governed by an equation, Profits (by winners) + commissions + taxes = Losses (by losers). Of course if you are a good trader, you will get superior returns while another group will face the losses. But risks are higher here.
D. A lot of your money is eaten up by brokerage, taxes, AMC charges, fees and commissions.
7. The lesson here is – become a passive long term investor and get the 14.8% long term average of returns. Spend your time on more useful things, and get good returns on investments.
Once again we thank the great investor for his simple but powerful messages.

Nice words...!! But here the problem is we can buy it the same or even lower price that we already sold during last year or 6 months...don''t u think?? Any big globe event make sensex and stocks dance.that is assure that every 5 yr that big event is always happens

agree
very much ,

but try to buy the same stock again ie good stock ,only nifty 50 or bse 100 , etc

GMP:- MGL
Application 1350-1400
Premium 128-134@ Rajkot

Refer Page No 80-82 of the RHP ...

As on March 31, 2016, assuming conversion of the CCDs into 94,36,178 Equity Shares, the NAV is Rs.155.70


EPS for the period ended March 31, 2016
Basic is Rs.34.55
Diluted is Rs.31.36

RONW for the period ended March 31, 2016 is 20.20%

Don''t you think that the appropriate relative valuation matrix should be based on Diluted EPS ... and NOT on Basic EPS ?

Mahanagar Gas Limited
Basic EPS 34.55
Diluted EPS 31.36


Indraprastha Gas Limited
Basic EPS 33.15
Diluted EPS 33.15


Gujarat Gas Limited
Basic EPS 11.32
Diluted EPS 11.32

WITH regards to Mahanagar gas IPO i will apply it is good company will give return both short term so listing gain also a good stock to hold in long run.....

With Mahanagar IPO parent company GAIL will see some traction positively IMO we could see new 52 week high soon.... short term bet today i booked 50% profit on kiri industry and also booked profit just holding free stock in sugar stock the same strategy with few bank stock leaving ICICI and HDFC in bank still holding KCP sugar i i see more upside given it Vietnam and also its cement business given big drive in telangana and AP and Bannari Amman Sugars i am very tempted to sell the whole lot in this case however in few months time BAS will become tax free setting on a health 160% profit. I picked KEI industry DR reddy Rs software HCL tech GAIL. also brought DEN network as speculation bet given rumours on takeover by star plus

Thanks septa ji.

Is this the logistics company you are talking to hold for long term http://www.moneycontrol.com/india/stockpricequote/miscellaneous/kesarterminalsinfrastructure/KTI04

Dear eagle eye, please kindly calculate about how many times issue will be oversubscribed in retail considering rs. 120 gmp-this will help taking decision whether to sell application or don"t

Nagarjuna Fertilizer to list on the exchanges on 15thJune after more than 4yrs.BV about 25rs.Let us hope it lists at a good price.

mgl market cap approx