Parag Milk Foods Ltd IPO Message Board (Page 18)

Very sure the issue would start trading at good discount. No point in applying for public issue. It will be another Heathcare global which started trading at huge discount.

I had applied 455 shares in Parag IPO. Today I have withdrawn my application based on market feedback.

Is this IPO not good for buying?
Please guide.

Is this IPO not good for buying?
Please guide.

Scanner,it my opinion 4%down on monday,now i withdraw my commt after read septa ''s commt.i never sold EQUITAS Bfore dec16.

Good decision. Start accumulating Equitas on dips, if any.
As earlier said, Probability of conversion into full fledged commercial bank along with higher FII holding permission is most likely in long term which will bring both equitas and Ujjivan at that level, which we all cant imagine today.
Both are long term bet.

some boarders give no of applications received in IPO would anyone enlighten me whether it is simple calculation by them shares bid/minimum lot or there is some authentic link to look at that, may be at bse or nse

Due to poor response from QIB, the issue is in problem. The offer price
has been changed from Rs220 to 227 to Rs215 to Rs227, i.e. there is no change in upper price
band. The retailers will not be benefited as they are offered Rs12 discount from upper price band.
The issue subscription deadline has been extended from May 6 to May 11.
In past, the issue which reduced offer price and extended deadlines for subscription could sail
through. The offer price is higher and the anchor investors shun away from IPO after the issue got
open. Moreover, leading mutual funds like ICICI, Reliance and HDFC did not participate in the
issue. It is believed that there is a difference of opinion between merchant bankers and selling
shareholders. Moreover, around 55% shares of the promoters are pledged, which has created
negative impact on the issue.
The issue got 1.72 times subscription in retail category in which 10% shares have been allotted.
In case the company had allotted 35% share for retail investors, it could not have got even 60%
subscription. The retail investors are rushing for withdrawal of forms as they apprehend discounted
listing.
On the other hand, lead managers and the promoters are making 11th hour efforts to manage
the issue.

Bid Details for PARAG as on 09-May-2016 15:45:48 IST
Sr. No      Category      No of Shares
offered/Reserved      No of shares bid for      No of times of total meant for the category
1      Qualified Institutional Buyers(QIBs)      1,06,28,960      23,50,400      0.22
1(a)      Foreign Institutional Investors(FIIs)            20,73,045      
1(b)      Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)            44,005      
1(c)      Mutual funds            2,33,350      
1(d)      Others            0      
2      Non Institutional Investors      51,46,578      25,91,550      0.50
2(a)      Corporates            14,46,185      
2(b)      Individuals(Other than RIIs)            7,04,860      
2(c)      others            4,40,505      
3      Retail Individual Investors(RIIs)      34,31,052      19,98,295      0.58
3(a)      Cut Off            16,07,710      
3(b)      Price bids            3,90,585      
4      Employees      3,00,000      2,65,395      0.88
4(a)      Cut Off            2860      
4(b)      Price Bids            2,62,535      
Total      1,95,06,590      72,05,640      0.37

To withdraw, reapply once more through another source. This would render you disqulified as per SEBI terms.

True, same PAN but different source to reapply!!

Because, if I try to reapply from the same source (Bank/netbanking/broker) then they won''t accept so better go to another bank and reapply to be found out during allotment phase itself.

Even demat could still be the same, no issuesfor it.

mr gaurang desai which ever bank you have applied there will be a button of ORDER PLACED click that and then there will be button to WITHDRAW, automatically the order will be cancelled and the amount will be credited in your account instantly.

how to withdraw paper application submitted to the broker

i have applied for 65 shares. can anybody tell me what should i do to remove the lein as the IPO has been extended for another 3 days..

But there is no buyer in the grey. What to do now?????

Apply from another broking site with the same PAN number. Duplication of applying through the same PAN would result in cancellation of ur application.

EAGLEYE THRE WILL NOT BE LISTING DATE OF PARAG BECAUSE IT WILL NEVER CLOSE IPO HAHA

GMP for parag milk food is 30-40

Dr.saheb, plz share the source of gmp,when it jumged 6 tn 30

Arup ji 30-40 is per application amont which is less thn 3-4 rs par share. So kindly away from this IPO.

Is this IPO give good returns or not??

gmp of parag

Fair Value MGL 590-610

IGL CMP 575
MGL Listing 625

MGLi po will be hitting the markets in 3rd week of May - next week. best .

Comparison chart FY16
.................MGL...................IGL...........
REV. ........ 2300 CR ........4000 CR
EPS ..........35 RS...................31 RS
MC ............4800 CR............8100CR
PE ................15X..................19x
P/B .............3x ...................4x

GMP started for Mahanagar GAS????

Mahanagar Gas IPO

Date: 17-19 May

Issue size 1200 Crore
Ofs 24694500 Shares
M.C. 4800 crore

EPS 35.1
PE 14X
Nav 157

Comparison Peers
IGL
PE 18X
GGL
PE 20X

MGL Revenue 2200 Crore

expectd price band of mahanagar gas ipo ? Its fair value rs 300

Upcoming IPO Events
Last week May Road show Started
1. VLCC 2. Nihilent Tech 3. Advanced Enzyme

June First Week
1. Quess Corp 2. Matrimony


New IPO:-
New Delhi Center for Sight
17-19 May Tentatively
Size 115 cr

Mahanagar Gas
17-19 May Tentatively
Price Upper Band 485
Size 1200 cr


All ipo data are tentative 👈🏻👈🏻

Mahanagar Gas Ipo:
Information from Internet research:

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

Gail and British Gas each selling 25 percent stack. Each have 49.75 stack in Mahanagar Gas.

Total value of company 4800 crore
25 percent sale means 1200 crore. Total size of ipo around 1200 crore.

Total shares for sale 2.46 crore.
Revenue 2095, 1885 crore for 2015, 2014.
Net Profit 301, 297 crore for 2015, 2014.
EPS for both years Rs. 30.

Comparison with peers:
Many analysts compare with IGL. IGL is one of the peer but not 100 percent. IGL is more in vehicle fuel - fuel stations. Though Mahanagar is in domestic LPG supply to residential customers.
I think best peer is Gujarst Gas. Some other peers are GSPL, Adani Enter etc.

I compared peers are trading at P/E of 14 to 20.

If Mahanagar comes with Rs. 485 , then it is P/E of 16. This price is fair enough.

Though 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.

Chances of loss is very rare. Investors will not get healthy returns in short term.

Mahanagar Gas IPO to be announced next week; Gail in focus

GAIL

was rallying in trade on Friday and was up around 5 percent on back of news that Mahangar Gas'''' (MGL) initial public offering (IPO) will be announced next week. Both GAIL and British Gas Asia (BG) hold 49.75 percent each in Mahanagar Gas.
It is going to be an offer for sale, where both the companies will sell 12.5 percent each and raise close to Rs 2500 crore.

They are looking at a valuation of around Rs 4800 crore for MGL.

The company had filed its draft red herring prospectus (DRHP) with Sebi in November seeking permission to launch the IPO. It obtained clearances from the regulator on January 15, as per the latest update. 

Mahanagar Gas'''' initial share would be around 24,694,500 equity shares.

Bankers for the IPO include Kotak and Citigroup.