Mahanagar Gas Limited IPO Message Board (Page 5)

1153. Eagleye Jul 1, 2016 11:25:17 AM IST Reply
Mahanagar Gas IPO

Market Pundits saying ... Expect 575 - 600 next week

Very much selling pressure @530

What are your expectation till end july!

Market is busy buying small/midcap banks.. Not much hope for 570-580 in this month..but i will buy some if it goes nearer to 500 for 540 target...
But wait for 1 flat/negative market day to check mgl fully.

Mgl limit 540

Can anybody let me know the allotment ratio for retail applicants. Thanks

1/4 purely on a lottery basis....by a random algorithm

Hello frds,..plz tell me ,.which site is best for knowing ipo price for after hours & hours..?

Rajeev ur view on power finance Corporation? I ld like to buy for longer term can I go for it or think on power grid corp

Tushar go for PFC. Got great potential. It is trading at 180 around and can reach 220 within a yr. Charts are positive.

One can consider buying jk tyre for 1/1.5 month...CMP 90 .sl 82
IMO it will give u more return than mgl.

Idea,coffee day ,ptc india finance(go long if u can),mgl(if goes below 510),jk tyre,jk bank,spice jet,navkar corp etc ...

Use ur own sl to avoid big loss.

Also buy SRS ltd. with strict sl 7.85 target 10,11,12 cmp8.50

listing of equitas and MGL is just same..
although there is no link between them, then also if one calculates the listing gain, day lowest and day highest, it is just same..

not on the basis of rate
on the basis of percentage.

Dear Members,
I didn''t get my application money back till now. when the money will release in my a/c . pls tell

Plz contact the demat cell of your bank...they will help u...b ready with ur application no

For the first time I feel MGL ipo allotment is not fair.

In off line application ,whether amount should be 14000 or 14200 for a single lot

Some 1 or 2 said, mgl will go bellow 490 , but it don''t seems so , it may start northward from 520 to 565/575 this month ends .next month end 610 types likely.medium term playing will be a good idea.

My target for cover at 496 was only for listing days trading since on listing maximum traders buy early on hope of selling higher at closing but settles ultimately lower.1 may say anything mind changing or but i think monday 538 possible

Okay...very accurate prediction IMO.but i think it may go down during second half on monday...but 535 is the sureshot during first half.

I want to apply for IPO in my kid''s name. I m facing difficulty to do this. I have received pan card in his name.

Now, when i approached few banks like axis and karur vysya, they are saying, ASBA or online banking facility is not provided for kids, but savings account can be opened.

After opening savings acount only, I can open a BSDA account with sharekhan or India infoline.

In that case, can I register minor''s details IN MY ASBA? Can I apply IPOs in minor name through my ASBA? The minor kid is 8 year old.

Senior experienced persons like septa, nasirul, NKD and any others with knowledge in this subject can reply pls

yes currently we apply in mGL In both minor child. i got shares. after receiving share u transfer the minor share in your personal account and then sale. or vice versa u sale and DIS slip sign by authorized person send to your broker.

Sirji which bank do you have minor online ASBA? or Did you open saving bank for kid in any bank and then register minor''s dp detail in your online asba. I dont undrstandd. Pilease explain

Tulsian answer to query on Mahanagar on moneycontrol:
=============================================
Anuj: For retail what’s the advice should we wait for more correction, more dip to buy or is it a buy at current levels? A: If you recall we discussed yesterday that Rs 550 looks the optimistic price on the listing day where one can exit, but I don’t think that below Rs 520, I am a buyer at Rs 520 because if you now take a comparative call on the IGL and Mahanagar Gas Limited the quarter 1 results for both the companies will be out because Mahanagar Gas has also listed now, so first quarter’s results will all be out and if you really see on the earnings per share (EPS) basis because even IGL has all been showing the flat performance, so if they will show an EPS of closer to Rs 8, Mahanagar Gas will show an EPS of maybe Rs 8.50 and if you go by the lower equity base, lower market cap, good promoter holding and even the joint holding of the British Gas and Gail, 10 percent is obviously held by the Maharashtra government also, so all these things will start going in favour of the Mahanagar Gas Limited and generally what happens, you have mentioned about the HNI because all the HNI applications are made on the leverage positions and they have to compulsorily exit from these positions on the first day of listing itself, because the finances are made to the extent of 95 percent, so this selling pressure is only coming of this. In fact, this reminds me of the similar situation what we have seen in case of Ujjivan where the share has remained subdued for first couple of days, but started moving up and bouncing back from thereafter. So I think Rs 520 looks the base and this is an excellent opportunity to buy purely, because IGL I don’t think that IGL will correct below Rs 590 under the worst case scenario. So even if that happens, Mahanagar Gas Limited has no reason to rule below IGL maybe after one month or so. So if you have a 2-3 months view then probably one can look for a return of 10 percent plus also in the stock, by buying at the current price of Rs 520 with a very minimal downside is seen from here.

Read more at: http://www.moneycontrol.com/news/stocks-views/mm-pharma-stocks-mahanagar-gas-see-sp-tulsians-top-picks_6969521.html?utm_source=ref_article

Ok this is so big to read.

What does this write up means at the end?

Does it mean, it will not go below Rs 520 on Monday
Does it mean that we can buy Mahanagar @Rs 520 and sell 50-70 Rupee margin.

What r the price of MGL....tomorrow opening

Kya bhai saturday ko kabse mkt open ho raha hai

490 monday

As far as MGL.script is concerned range around 570 in next 10working days and it is for those who have patience.

Else listing gain is the best medicine for those who have satisfied wide listing sale.

36% delivery based buying on NSE
=============================
Quantity Traded      2,00,01,438
Deliverable Quantity (gross across client level)      71,91,706
% of Deliverable Quantity to Traded Quantity 35.96%

Today , I have brought 1000 share @ price of 529.5 rs.
Monday Should i wait or sell?

Sell I feel

Account not blocked plz plz suggestion me

Sry account no unblocked plz suggestion me sir SBI bank

MGL
Del.turnover on listing day100% of retail quata or 50% of ipo quata.

MGL ipo quata
Retail 8573075 share
Total 17346150 share