Mahanagar Gas Limited IPO Message Board (Page 59)

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

But nonetheless, I suggest you reconsider your Fair Value of Rs.500 ...

Do you think it might be too conservatively valued?

Considering that:

1) MGL''s growth as been in tandem with IGL

2) MGL''s EPS is more-or-less similar to IGL since past 3 years.

3) MGL has been paying dividend of 17.50 per share (and assuming that it will do so for FY15-16 also) as compared to IGL which has been paying dividend of 5.50 per share.

IGL

Dividend History      

Ex Date Rs.
02-Sep-05 2.00
04-Sep-06 2.50
04-Sep-07 3.00
14-Jul-08 4.00
20-Jul-09 4.00
17-Aug-10 4.50
19-Jul-11 5.00
24-Jul-12 5.00
20-Aug-13 5.50
02-Sep-14 5.50
09-Sep-15 6.00

Mahanagar Gas IPO

There have been so many rumours floating around in this IPO ... that nothing can be considered as confirmed until we hear it officially ... so it is best to hold your horses and wait until early next week before taking any actionable decisions

Mahanagar IPO

GMP 117 - 120
Kostak 1300

costak shu che gas nu

Rs. 1100 PREM 105/110

Latest update is that the Mahanagar IPO details are likely to be annouced as follows:

Issue Date: 21 - 23 June
Price Band: Rs 385 to Rs 421
Lot Size: 35

Incorporated in 1995, Mahanagar Gas Limited is a city gas distribution company. Mahanagar Gas supply natural gas in Mumbai and its surrounding areas. Company is sole authorized distributor of compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai. CNG is used in motor vehicles and PNG for domestic household use as well as for commercial and industrial use.

Company supply CNG though its network of 180 CNG filling stations which includes stations owned and operated by the company, oil marketing companies and private parties. CNG and PNG businesses accounted for 65.10% and 34.90%, respectively, of total gas sales revenue.

Company distribute natural gas through an extensive CGD network of pipelines, for which Mahanagar Gas have the exclusive authorization to lay, build, expand and operate the city gas distribution network. Company have a supply network of over 4,464 kms of pipelines.

Competitive Strengths:

1. Well positioned in Mumbai, one of the most populous cities in the world and second largest metropolitan city in India
2. Cost effective availability of domestic natural gas
3. Infrastructure exclusivity and established infrastructure network
4. Experience in successful development and operation of city gas distribution business.
5. Promoters with strong national and multinational experience
6. Strong financial performance with consistent growth and profitability

Company Promoters:

The promoters of the company are:
1. GAIL (India) Limited; and
2. BG Asia Pacific Holdings Pte. Limited

Objects of the Issue:

The objects of the Offer are:
1. to achieve the benefits of listing the Equity Shares on the Stock Exchanges and 
2. to carry out the Offer for Sale

Note: Company will not receive any proceeds from the Offer and all proceeds from the Offer shall go to the Selling Shareholders.

BRAND PISS 458 SE 485 HAI

One oof my friend has ASBA account in Latur, After applying on line , can he submit the appl. form in any SBI branch in Pune?

If you are applying online, then there is no need to visit any branch.

BHAI 458 SE 485 RS HAI........TO EH 600 RS LISTING HO SAKTA HAI ???????????

Mgl gmp 116-119
App-1325

600 RS LISTING HO SAKTA HAI ??????????????/

If rumours of lowering of price band is true, (although 485 was not declared officially,)
Does that mean that merchant bankers think @485 qib response will be lukewarm?
At the most there can be max 7 lakh applications in retail as seen in recent ipo, allotement ratio 1 out of 2 or 2.5, tracking no of times in retail is irrelevant now.

BHAI 600 RS ME LISTING HOGA ????????????????????????????/

ISKAA JAWAAB, BHAGWAN/KHUDA HI DE SAKTAA HEIN!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Eagle eye y r u posting gmp of any ipo.
U urself claimed few few days back u will not quote any gmp.can u not keep ur words.

GMP = grey market premium

Please spend some time exploring Chittorgarh.com ... it has answers to all questions ... You may also like to look at the FAQs ... /newportal/ipo_faq_detail.asp?a=28

ભાઈ અતુલ શાંતિ રાખ... ઈગલ આય ને GMP આપવા દે. વાંધો ના ઉઠાવ.

Mahanagar Gas IPO

GMP 112-114 (assuming issue price as 430)

tentative date ??????????????????

likely to be:

Issue Date: 21 - 23 June
Price Band: Rs 385 to Rs 421
Lot Size: 35

its market rumour that eagleye this time not posting gmp aggresively so mgl will list at ipo price then go up to 600 level just joking

Jokers are supposed to be ... "just joking"

It looks like retail portion will subscribe more than 4 times. Though issue size is big but because of grand success of last two ipos equitas and Ujjivan, retail investors don''t want to miss any opportunity. If grey market premium reaches more than 1500 and if you have more than 4 applications, I suggest sell your applications. You will get more money by selling all applications in grey market instead of waiting for allotment and listing. This calculation works only if you have more than 4 applications. If you have fewer applications then you need to wait for allotment and listing.

Uchit Patel i have a counter view in regards to selling application IMO seller application then issue subscribed times then option is sell IMO this issue will be subscribed max three time at retail level by number of application so probability theory says better to apply and get the rewards then sell the application.

In regards to price reduction the rumour is lead manager want issue to be success at present the price is same as peers so issue will not get any positive moment so if it at least 10 to 20% discount to peers then not only the IPO will be successful also IPO market will be in Bull Run since merchant bank want this bull run to continue for at least 24 months since some very big IPO will hit the market

Septaji, you are right. I personally also believed in long term investment. I never did any trading in grey market before 2013. But many bogus companies during 2007 to 2011 put long term investors in really bad situation.

Quiss corp ipo ke date kab ki h pls bataya

Hi Guys,

Please share your view on Gati stock. (Logistic and courier company)

175-180 within 2 weeks.

Thank you so much RKS.

GMPs
MGL 111-115
Application 1175-1225 @ Rajkot

Quess Corp
Application 625-675 @ Rajkot

which broker give 1175 -1225 ???

i am also from rajkot. i want to sell

r u purchasing arjunbhai ?
i am from rajkot

Comparison Btw IGL vs MGL vs GGL


IGL EPS 29 PE 20
GGL EPS 11 PE 46
MGL EPS 32 PE @ 425 PE 14

MGL Fair Price 19 Multiple is 620

Khemkaji,

I am not in the camp which says Fair Value of MGL is >600 (620 or 640 is a far cry) ...

So unless CA Saheb can explain how he got 640 ... I will consider it only a figment of his wishful thinking ... without any basis of logic

:)

Maybe even the QIBs are just as conservative ...
which is why even the Company was compelled to reduce the issue price
... from 485 to 421 :)

I think mehul Mehta on this forum is a pakka C…................................ A.

Please add m IPO group 96493-46493

Jaipur rate....1200

Market is speculating that the Mahanagar IPO details are likely to be revised as follows:

Issue Date: 21 - 23 June
Price Band: Rs 425 to Rs 450
Lot Size: 33

Very much appreciated your posts your madam!

Thanks for the information !!!