Mahanagar Gas Limited IPO Message Board (Page 63)

At Rs. 485 , P/E is 16 this price is fair . Apply with full energy for listing gain and for a long-term investment .

http://wealth18.com/wp-content/uploads/2016/05/mgl-comparison.jpg

Eagleye your research on UFL, TTL and equitas was awsome.
Please let me know your recommendation to apply or ignore.
Thanks.

Will have to look at the RHP to assess how much the EPS of MGL for March''16


In the meanwhile, for the sake of comparison ... the EPS of IGL for March''16 was ... Rs.33.15

Thanks eagleye and chem cho

Mgl grey market premium if any started?

good return in this ipo.........

MGL IPO:

Total 820000 residential, 2600 small commercial and 55 industrial customers. CNG fuel stations in Mumbai, Navi Mumbai etc.

GAIL and British Gas each selling 25 percent stack. Each has 49.75 stacks in Mahanagar Gas.

Total value of company 4800 crore post ipo. Total size of ipo around 1200 crore. Expected issue price is Rs. 485. Lot size is 30. Total shares for sale 2.46 crore.

Revenue 2095, 1885 crore for 2015, 2014.
Net Profit 301, 297 crore for 2015, 2014.
EPS is Rs. 30.

Comparison with peers:
IGL, Gujarat Gas, Adani Enter etc.
Most Peers are trading at P/E of 14 to 20. Industry P/E of 23.

At Rs. 485 , P/E is 16. This price is fair enough.

However, it is a basic utility company. We never see tremendous increase in customers, revenue and profit in utility company because of government regulations etc. We can see steady limited growth only. Medium to long-term investors will get more benefits.

At present petrol prices are not high then new customers are not opt for CNG vehicles.

Chances of loss is very rare. Investors will not get healthy returns in short term. IGL was listed in 2003-04 at Rs. 90 with issue price of Rs. 45. I don’t see this type of listing of Mahanagar.
At present market, sentiments are not bad; I see listing gain is also possible.

Hmmm . Meant no chance of discount listing

Nice. Tks.

what is GMP of MGL??

Ask CA Mehul Mehta ... He can check it on SP TULSIAN''s website and inform you

I assumed its 40 / 45

Mainline IPOs of June:-

• Mahanagar Gas :- The joint venture of Gail India and Royal Dutch Shell Plc is coming up with Rs1200 crore issue offering 12.5% stake of each company. It is a 100% OFS issue. The issue is likely to open between June 20 and June 22. The anchor book blessment may take place on June 17.

• Quess Corp :- Bengaluru based company is all set to come up with Rs400 crore issue. It provides recruitment, temporary staffing, technology staffing and IT product solutions to 1500 clients at 8000 locations. Ajit Isaac and Thomas Cook have promoted the company. It may come up with IPO in third or fourth week of June.

• Advanced Enzyme Tech :- Enzyme product manufacturing and trading company will come up with Rs60 crore fresh and OFS of 44,73, 470 equity shares by end of June. It had approached Sebi in 2013 but didn''t come up with issue.

Can Any one explain process of applying ipo through PNB netbanking.

I WILL APPLY MGL WITH DOUBLE FORCE NO RISK GMP INFORMATION IS AVAILABLE ON SP TULSIANS WEBSITE BUT GMP IS ONLY INDICATOR ALL DEPENDS ON FUNDAMENTAL AND FUTURE GROWTH OF COMPANY

WHERE is your friend RKS

rks research new ipo

Thank you septa Sir for your wisdom ... I got it!!!

Sorry folks ... for this IPO I shall not be giving the GMP ... all thanks to CA Saheb – mehul mehta






Septa Jun 5, 2016 11:33:14 PM IST
Mahanagar Gas Limited IPO

DORY is back BTW eagleye GIVERS HAVE TO SET LIMIT B E C A U S E TAKERS NEVER DO

Chen cho sir

What listing price are you expecting?

good on u mate....

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Joydeep Ghosh

I think mahanagar IPO has not left much on the table for retail investors

IGL and MGL are almost similar in profit margins, growth.only differenxe is Igl topline is about 50% higher.In my opinion, MGl has left a max of 10-15% in today''s market.I thinkMGL will se a max price of rs 550.

Atulbhai,

You are a brave man ... You have invited the wrath of The esteemed CA MEHUL MEHTA ... In his opinion the fair value of MGL is 640 ... :)

As of 30 June 2015, MGL had 180 CNG filling stations CNG account for 65% of revenue and PNG 35% not sure how much it contributes to bottom line.... all the hard work of setting filling station has done which IMO is good also with government policy favourable and price advantage compare to diesel and petrol use and will improve which we have seen in increase in top line from Rs.2,135 crore in 2014-15, up from Rs.1,885 crore in the previous year.

However increase in bottom line has grew marginally to Rs.301 crore in 2014-15, from Rs.297 crore in the previous year with GAIL (India) Ltd and Royal Dutch Shell have solid promoters to grow PAN india given deep pockets compare to other two listed player..... With market cap of 4800 Cr and give s PE of 16 so compared to its peers IGL at 19 PE and GGL at 47 and industry PE of 24 ....

IMO it will a good IPO price rightly with a very bright future given deep pockets promoters and with modi government favourable CNG and PNG policy and increase number of usage also with subsides no more playing private oil marketing company will give run for money to PSU oil marketing company.... earlier private players in oil marketing failed big time with government subsidy policy however with favourable change IMO this sector could be next growth sector like what private bank policy did to banking in india....

I will apply and will also buy on listing good IPO friends and also rightly price.

Does anyone have last 6 months or 9 moths result pls share

The IPO Is @485

According to you is that rightly priced or not ?

IMO it is right price as it at discount to listed peers and it is backed by deep pocket promoters compare to other two players..... Any idea on 2016 topline and bottom line Eagleye.

Dear friends,

Information on allotment

Till today none of the shares are allotted on first come first serve basis in any of our Ipos.
It all based on order no.
So think and invest wisely

Could you please elaborate, how it works. I didn''t understand the order no. Thx

Do u agree?

Hi rks,septa and kemka ji,
Please provide insight in mgl.
Should we invest in it.

Mgl must invested, for short-term , medium term and long term also

Thnx for your quick reply

All Ipo information IPO group send hi this no:- 8866 567 949

IPOs likely to hit shortly;

🔹Mahanagar Gas Ltd.
🔹L&T Infotech Ltd.
🔹Lavasa Corpn Ltd.
🔹Quess Corp Ltd.
🔹RBL Bank Ltd.
🔹GVR Infra Proj Ltd
🔹Advanced Enzyme Tech Ltd

Union bank mulling ofs next week

All Ipo information IPO group send hi this no:- 88 66 567 949

which company best oil & gas sector ? all the point of view..
Indraprasth gas
Gujrat gas
Mgl

INDRAPRASTHA GAS LTD.
Audited Financials 15-16
http://www.bseindia.com/xml-data/corpfiling/AttachHis/3021124F_8646_428B_B723_75EC5F1AE26B_164653.pdf


Gujarat Gas Ltd
Audited Financials 15-16
http://www.bseindia.com/xml-data/corpfiling/AttachHis/FD022549_CF90_4270_ABEF_02A91CD17897_084441.pdf