Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

Smartkarma

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Mahanagar Gas's (MGL) two main shareholders, <a href="https://www.smartkarma.com/entities/15263" target="_blank" data-smartkarma-citation="entities:15263">Gail India Ltd</a> and British Gas, plan to raise US$150m through this IPO by selling 12.5% stake each. We looked at the deal earlier, <a href="https://www.smartkarma.com/insights/mahanagar-gas-pre-ipo-review-needs-to-come-in-at-a-discount-to-igl" target="_blank" data-smartkarma-citation="insights:3998">Mahanagar Gas Pre-IPO Review - Needs to Come in at a Discount to IGL</a>, the title of our earlier insight pretty much sums up our thoughts on the IPO. The price range was announced earlier this week and it duly offers a discount to its larger peer. In this insight, we run the deal through our framework and provide our…

Mahanagar Gas's (MGL) two main shareholders, Gail India Ltd and British Gas, plan to raise US$150m through this IPO by selling 12.5% stake each. We looked at the deal earlier, Mahanagar Gas Pre-IPO Review - Needs to Come in at a Discount to IGL, the title of our earlier insight pretty much sums up our thoughts on the IPO. The price range was announced earlier this week and it duly offers a discount to its larger peer. In this insight, we run the deal through our framework and provide our…

Mahanagar Gas IPO - Provides Enough Discount but Might Not Be a High-Flyer

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

Mahanagar Gas Limited (MGL) distributes natural gas. The Company provides gas to domestic customers such as hospitals, nursing homes, hotels, flight kitchens, and restaurants. MGL serves customers in India.

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Mahanagar Gas (MAHGL IN)

Mahanagar Gas IPO - Provides Enough Discount but Might Not Be a High-Flyer

Mahanagar Gas's (MGL) two main shareholders, Gail India Ltd and British Gas, plan to raise US$150m through this IPO by selling 12.5% stake each. We...

Sumeet Singh

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)