30 June 2016

Quess IPO: Subnscribe 0.41x in Day 1; to be fully subscribed today

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28 June 2016

Quess IPO opens tomorrow

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23 June 2016

Retail Application Matrix : Quess Corp Ltd - IPO

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Quess Corp Ltd - IPO ( Price Band )

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Mahanagar Gas Limited - IPO Over subscribe 64.4x

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Mahanagar Gas IPO: Subscribed 64.4 times

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Subscribe to Mahanagar IPO: Centrum

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Mahanagar Gas Ltd (MGL) is one of the largest city gas distribution (CGD)

companies in India with over 20 years of experience in supplying natural gas

(NG) in Mumbai. MGL is presently the sole authorised distributor of

compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai, its

adjoining areas and Raigad district in Maharashtra. Going ahead, there is

significant growth potential for MGL in the region due to (a) anticipated

growth in the number of CNG operated vehicles considering the current cost

effectiveness of CNG as a fuel, (b) potential growth in the number of

households in the areas of operation and (c) commencement of gas supply

to consumers in the Raigad district. Over FY11-16, while MGL’s revenue

increased at 14.4% CAGR, its net profit has largely remained flat ~Rs300

crore. The company has a healthy balance sheet with cash and equivalents

of ₹560 crore, RoE of 21% and ROCE ~30% in FY16.
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