Mahanagar Gas Limited IPO Message Board (Page 3)

Hello anyone who was allotted Mahanagar shares how much time did it take for the blocked amount to be released ? asking because the registrar is the same . So they will have a pattern .

enzyme gmp in Vadodara 265 - 270

Security-wise Delivery Position (7JUL2016)
Quantity Traded      10,50,990
Deliverable Quantity (gross across client level)      5,25,637
% of Deliverable Quantity to Traded Quantity      50.01 %....immpressive

Bse site shows 33.14

This data from nse..BTW bse had only 300k vol...while nse had more than 1m so better to go with NSE data

I sold application (@1350*4=5400..).in grey. And alloted only 1.. So technically i sold mgl @570..and bought today @506..simple...
buy is the call till 490 for the tgt of atleast 525/530

Sold intimely cover intimely . Again exit in timely.
Reenter only at 480 types only for dividend play.

5. Khemka Jul 1, 2016 10:09:41 AM IST Reply
Mahanagar Gas Limited IPO

Sold at 548 , may cover at 496 ,
Short term players should exit.

1173. Khemka  Jul 2, 2016 11:28:07 AM IST
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.

1173.2. Khemka  Jul 2, 2016 12:24:00 PM IST
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
85.5. RKS  Jul 6, 2016 1:39:18 AM IST
Mahanagar Gas Limited IPO

Now some1 who flip flops so much- can he be trusted? One day up move the person becomes upbeat n predicts it will cross 560 n ultimately 600. Next day the stock moves down n the person says maha turtle. Can move to 490 n below. Now what to believe? Can this person be trusted for a mature view?

Even a Girgit aka Chamellion can not change hiscolors as fast as this fellow can. Be careful about his advises.

It will go to 490

Bought @506 for target of 530/540.. 10-15 sessions...will again buy if it goes to 492..

53.2. gamble Jul 4, 2016 11:14:49 AM IST
Mahanagar Gas Limited IPO

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.

Tomorrow it will be break 500, looks like people who sold on listing date are smart.

Sold on the listing day at 542. Should I buy it back or wait for it to come well below 500 ?

Shall we play for prabhat as well for short term ? (jst 2 days)

today target 508

mgl break new low

What''s wrong with parag milk food??..

Same gameplay like Ujjivan from 216 to. 429 Issue price 210

Mgl can''t play like ujjivan...it was different story.

600 target is a reality but only after squeezing GMP out of it

This all were started 01 july @9.45AM that mgl was listed@540 and then unable to cross 550 ..so it was clear buy below 510 rs only...470-480 is crazyness..but 501-507 good buy for short term upmove.


If mgl were listed below 510 rs then we might not face issuing price upmove...it went 570 by now in that case

Beware of people posting self contradictory statements

I am advised that MGL may find support at 498-499 ... and that it will not go below that level ... and on the other hand .. it will face some resistance around 535-540 in the immediate short term ... however ... we should expect to see 560-600 levels within 2016.

WOW... That is good news for MGL allottees, expected dividend of rs16 whenever declared, will bring down the cost of MGL to 405. Comforting news for those who missed 530-540.

pari passu = pro rata

Mahanagar basis of allotment

http://www.capitalmarket.com/ipocentre/bashow.asp?code=13369

Stock will perform depending on dividend payout, results and good news in 2017,

"The initiative of Smart Cities will boost the prospects for the City Gas Distribution sector. One such smart city project is being developed in Raigad district and therefore since its a greenfield project, it will have well-planned gas grid network," said Mathur adding that due to congestion in the existing cities, setting up of new gas infrastructure becomes time consuming. The company expects to commence operations in Raigad district in fiscal 2017.