Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

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Mahanagar Gas Limited (MGL), a city gas distributor for Mumbai and its neighbouring region, plans to raise US$150-200m through its IPO. The IPO will be via a secondary sell down by its co-owners GAIL and British Gas and is expected to be launched later this month. In this insight, we look at:<ul><li>The company's past financial performance</li><li>A few issues that investors need to be aware of</li><li>How it stacks up versus its main listed peer <a href="https://www.smartkarma.com/entities/6969" target="_blank" data-smartkarma-citation="entities:6969">Indraprastha Gas Ltd</a> </li></ul>We will follow-up with another insight to look at valuations, once the deal is launched.

Mahanagar Gas Limited (MGL), a city gas distributor for Mumbai and its neighbouring region, plans to raise US$150-200m through its IPO. The IPO will be via a secondary sell down by its co-owners GAIL and British Gas and is expected to be launched later this month. In this insight, we look at:The company's past financial performanceA few issues that investors need to be aware ofHow it stacks up versus its main listed peer Indraprastha Gas Ltd We will follow-up with another insight to look at valuations, once the deal is launched.

Mahanagar Gas Pre-IPO Review - Needs to Come in at a Discount to IGL

India

Indraprastha Gas Limited processes and distributes compressed natural gas and liquefied petroleum gas. The Company has been jointly promoted by Bharat Petroleum Corporation and Gas Authority of India.

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Indraprastha Gas (IGL IN)

Mahanagar Gas Pre-IPO Review - Needs to Come in at a Discount to IGL

Mahanagar Gas Limited (MGL), a city gas distributor for Mumbai and its neighbouring region, plans to raise US$150-200m through its IPO. The IPO...

Sumeet Singh

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)